Following a brief history of the island and its resistance to US colonialism, Haiphong examines the impoverishment of the island as result of privatization and other capitalist policies.
...colonialism was never truly eradicated from the global picture. African revolutionary Kwame Nkrumah fathered the theory of neo-colonialism to explain this phenomenon. Nkrumah described neo-colonialism as a form of indirect, but no less exploitative, form of colonial domination where a native ruling class administers the plunder of a country on behalf of the former colonizer. One country, Puerto Rico, has remained a colony of the US imperial state.
Today, the people of Puerto Rico are facing a devastating economic crisis made in the USA. To understand the crisis in Puerto Rico, we must look into its root causes.