In Puerto Rico, the United States now has its own version of Greece. The
territory's debts are unsustainable. Public employment and pensions are
swollen. Work in the underground economy, where taxes are evaded, is
rife. Modern infrastructure is lacking. The commonwealth exports little
for an economy of its size. Many of the best and brightest have decamped
in search of better opportunities. Since these problems were a long
time in the making, fixing them will take years.
No comments:
Post a Comment