Black flags and debt resistance in America’s oldest colony

By Max Haiven

August 2, 2016

Excerpt: “…Santurce, the old downtown working-class neighborhood of Puerto Rico’s capital San Juan … like seemingly all such neighborhoods around the world, struggles with the uneven brutalities and gifts of gentrification. … Times are already hard, but they’re about to get worse. Puerto Rico was already being transformed into a neoliberal utopia and a playground for American tourists and capitalists. These processes are now set to accelerate.  But unlike the halcyon days of 90s and early 2000s neoliberalism, no one in their right mind believes this economic pain will bring future prosperity. As with elsewhere, it will be austerity unto death.”