Albizu Campos once said that “in the US, owning one man makes you a scoundrel, but owning an entire nation makes you a colonial benefactor.”
The Financial Control Board which will soon rule over Puerto Rico, shows the truth of Don Pedro’s words. There is such a thing as “undeclared slavery.”
A perfect example of this was provided by the Serallés family – the owners of “Don Q” rum, a castle, and an enormous sugarcane empire.
The Serallés sugarcane plantation became a company town – with its own rail line, worker’s shacks, transportation fleet, commissary, and private airport. This airport eventually became Ponce’s Mercedita Airport.
The Serallés Castle today
After slavery became illegal in Puerto Rico, the Serallés family offered “free” garden plots near their plantation, in exchange for a dependent resident labor force.
The family also installed a “general store” where workers bought goods on credit from the family.
The sugarcane workers’ wages were paid not in money, but in tokens…that could only be used to buy goods at the family’s general store…thus creating a vicious cycle of indebtedness, that was nearly impossible to break.
Now in 2016, the entire island is heading in this direction.
The “Financial Control Board” will be nothing but a collection agency for the hedge funds, investments banks, and private equity firms that are holding Puerto Rico’s “debt.”
Puerto Ricans are being cornered into this “debt,” and the entire island will keep paying it…and paying it…for decades.
In a very real sense, the entirety of Puerto Rico is being turned into one, big, company town.
In Washington and Wall Street, they will call this “good management.”
In Puerto Rico, for at least two generations, it will be an undeclared slavery.
For a history of the War Against All Puerto Ricans, read the book…
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