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Puerto Rico is like a poor neighborhood. It needs private capital. But banks have already been burned by the government's failure to pay back borrowed funds. And the locals are cash poor. What is needs is gentrification. It needs Americans to relocate to the island full-time and to invest in and build the economy and infrastructure.
Puerto Rico is like a poor neighborhood. It needs private capital. But banks have already been burned by the government's failure to pay back borrowed funds. And the locals are cash poor. What is needs is gentrification. It needs Americans to relocate to the island full-time and to invest in and build the economy and infrastructure.
Puerto Rico is like a poor neighborhood. It needs private capital. But banks have already been burned by the government's failure to pay back borrowed funds. And the locals are cash poor. What is needs is gentrification. It needs Americans to relocate to the island full-time and to invest in and build the economy and infrastructure.
What it needs is a spaceport in Veques. Bring more STEM into Puerto Rico. Then use puerto rico to americanize and annex the caribeanean.
Think about all the sugar and bananas, maduros, and avocados we could have.
Think about all the sugar and bananas, maduros, and avocados we could have.
The U.S. already gets that and more from the rest of Latin Countries. Bananas from Ecuador and South America. Avocados from Mexico and R.D. and maduros from R.D. I really doubt that if P.R. becomes independent that the graduates and young generation will put aside their Imacs and Iphone and go work in the fields for min. wage and compete with Latin America. This generation is weak and complain for a living.
They want to be "free" and be independent from the couch in the U.S.A. while refusing to move in the island and sacrifice working in the fields for Latin pay but they sure love the American dollar and live like capitalists.
I hope everyone notice that PR isn't a very big place. As such, it doesn't need to have the US market on any product. A small portion of the market of a few products and it will fuel the economic development in other fields. In this case it doesn't matter if there's competition as longthqt PR gets its small share of the market.
The U.S. already gets that and more from the rest of Latin Countries. Bananas from Ecuador and South America. Avocados from Mexico and R.D. and maduros from R.D. I really doubt that if P.R. becomes independent that the graduates and young generation will put aside their Imacs and Iphone and go work in the fields for min. wage and compete with Latin America. This generation is weak and complain for a living.
They want to be "free" and be independent from the couch in the U.S.A. while refusing to move in the island and sacrifice working in the fields for Latin pay but they sure love the American dollar and live like capitalists.
those countries are independent. i don't want to import food.
those countries are independent. I don't want to import food.
Regardless if Puerto Rico remains a commonwealth of the USA, becomes a territory of some other country, becomes the next state of the US or becomes its own independent country; the only way a Puerto Rican can avoid eating mostly imported foods is by moving to the mainland or any country in the Americas. The exception are other Caribbean islands which consume mostly imported food, except for Cuba and the Dominican Republic which are the only Caribbean countries that grow most of the foods they consume. Even tourists there eat mostly foods grown and/or raised in those countries since they produce for the millions that live there plus the millions that visit on a yearly basis, even the ones that spend their entire vacation inside a resort.
If you haven't figured out already, PR currently consumes mostly foods that is imported from elsewhere. Not doing so means starvation, that's how pervasive it is.
Regardless if Puerto Rico remains a commonwealth of the USA, becomes a territory of some other country, becomes the next state of the US or becomes its own independent country; the only way a Puerto Rican can avoid eating mostly imported foods is by moving to the mainland or any country in the Americas. The exception are other Caribbean islands which consume mostly imported food, except for Cuba and the Dominican Republic which are the only Caribbean countries that grow most of the foods they consume. Even tourists there eat mostly foods grown and/or raised in those countries since they produce for the millions that live there plus the millions that visit on a yearly basis, even the ones that spend their entire vacation inside a resort.
If you haven't figured out already, PR currently consumes mostly foods that is imported from elsewhere. Not doing so means starvation, that's how pervasive it is.
If you are going to pray for rain, you have to deal with the mud. Puerto Rico with a huge help from the U.S. wanted to change their economy from agricultural (which was their main economy under Spanish rule) to industrial under the U.S. for economy. That's what LMM did after WW 2. He knew there was no economy to get out of extreme poverty by keeping agriculture in a small island as their main economic source.
See, what people don't understand is LMM started pushing independence for P.R. early but once he got to power and realized independence was a dead end and wouldn't get P.R. out of poverty, he changed and got on board with the U.S. to change the economy to an industrial one under Operation Bootstrap.
Sure, D.R. grows their own food but at what cost? their extreme poverty is pretty high. The min wage over there is 84 cents an hour and the living wage is $2.83. I don't see a lot of Puerto Ricans moving to R.D. to work on the fields. The only Ricans going to D.R. is to spend and invest their U.S. Dollar in properties not to work for the Dominican peso. $1 U.S. Dollar = 58 Dominican pesos. You do the math.
The average salary in P.R. is $2,245 a month. Dominican Republic is $373
The average mortgage rate in P.R. is 4% . D.R. is 12% (if the mortgage rates gets to 12% here, we would have a civil war) I can't imagine paying 3 times the rates for a house loan. I think 4% is high in the first place, I can't imagine 12%.
Gasoline is 30% more in R.D.
The local purchasing power in P.R. is 230% higher than R.D.
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