The Invisible Hand
The Invisible Hand
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The Real Reason America Keeps Puerto Rico Poor
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Chapters
Why Is Puerto Rico So Much Poorer - 00:00-05:20
America's Secret Colony - 05:20 - 09:20
Operation Bootstrap - 09:20 - 13:20
Just how bad is it? - 13:20 - 19:07
Переглядів: 102 542

Відео

Why No One Wants to Live in the UK
Переглядів 712 тис.21 день тому
Take back your personal data with Incogni! Use code INVISIBLEHAND at the link below and get 60% off an annual plan: incogni.com/invisiblehand Fresh Economic News Delivered Weekly theinvisiblehandco.beehiiv.com/subscribe Business Enquiries - theinvisiblehandyt@gmail.com Once one of the richest and most powerful countries in the world the UK is in a state of Decline. And more than ever people wan...
What has Happened to Russia's Economy
Переглядів 148 тис.Місяць тому
Stop data brokers from exposing your personal information. Go to my sponsor aura.com/theinvisiblehand to get a 14-day free trial and see how much of yours is being sold Fresh Economic News Delivered Weekly theinvisiblehandco.beehiiv.com/subscribe Business Enquiries - theinvisiblehandyt@gmail.com Russia's Economy is not looking good! Decades of mismanagement mean it is closer to resembling the S...
Why Mexico is Finally Becoming a Rich Country
Переглядів 720 тис.Місяць тому
To try everything Brilliant has to offer for free for a full 30 days, visit brilliant.org/InvisibleHand/. You’ll also get 20% off an annual premium subscription. Fresh Economic News Delivered Weekly theinvisiblehandco.beehiiv.com/subscribe Business Enquiries - theinvisiblehandyt@gmail.com *We had to quickly re-upload because of copyright - Thanks for understanding!* Mexico is a country which fo...
Why Japan's Economy is Finally Growing Again
Переглядів 154 тис.2 місяці тому
To try everything Brilliant has to offer for free for a full 30 days, visit brilliant.org/InvisibleHand/. You’ll also get 20% off an annual premium subscription. For the last 30 years Japan has been a stagnant economy. It has seen no real growth for 3 decades and has become the worlds most indebted country. But things look like they could be changing. Follow us on other platforms Instagram - in...
Why Poland is Finally Becoming a Rich Country
Переглядів 187 тис.3 місяці тому
Join The Invisible Hand on shortform.com/invisiblehand where you'll get a FREE TRIAL and 20% OFF an annual subscription for the first 500 of my followers to sign up! Fresh Economic News Delivered Weekly theinvisiblehandco.beehiiv.com/subscribe For almost its entire history Poland has been a bitterly poor nation. In the middle of Europe between Germany and Russia it has served as a battleground ...
How China's Belt and Road Initiative became a Disaster
Переглядів 233 тис.3 місяці тому
Thanks to Kalshi for sponsoring today's video. You can sign up here kalshi.com/theinvisiblehand and the first 500 traders will get a free $20 credit! Fresh Economic News Delivered Weekly theinvisiblehandco.beehiiv.com/subscribe China's Belt and Road Initiative was once lauded as the most ambitious and groundbreaking infrastructure projects the world had ever seen. With well over 1 trillion doll...
Why Ireland’s Economy isn’t as Rich as you think
Переглядів 78 тис.3 місяці тому
In recent years Ireland has surprisingly topped many leaderboards to be labelled as the worlds richest country. Placing it ahead of nations like Singapore and Luxembourg. But here lies with problem with misleading statistics, Ireland roughly has the same incomes as France and is in the middle of a severe housing crisis. So how did everyone get it so wrong? Follow us on other platforms Instagram...
What has Happened to the UK's Economy
Переглядів 680 тис.5 місяців тому
Britain used to be world most powerful economy. Even now its still in the top 10 largest globally. But the quality of life for the UK's citizens has been in decline for well over 2 decades. Once a highly developed nation and the forefront of the world, it has fallen off. Poverty levels are increasing a long with levels of homelessness. This has been brought about by years of poor governance and...
Can Milei Save Argentina's Economy
Переглядів 79 тис.7 місяців тому
Argentina is famously one of the worlds most problematic economy. With Soaring inflation, low currency reserves the country remains in a state of crisis. In November 2023, they elected Javier Milei, a self proclaimed anarcho-capitalist, on a pledge to fix the troubled economic state.
The Problem with France's Economy | France Economics
Переглядів 194 тис.7 місяців тому
France is one of the oldest and largest global economies. Having significant power over the EU. However in 2023, there was a crisis and anger against the pension reforms. This has sent the popularity of their leader Emanuuel Macron plummeting. Apart from exposing these, it also highlighted other underlying issues with the French economy, which need to be resolved if it to remain a top global ec...
The Problem With Italy’s Economy | Italian Economy
Переглядів 183 тис.8 місяців тому
Italy has a long history of greatness dating back to the Roman Empire. However the country is now a shadow of its former self. It's Economy whilst not in complete ruin has some large structural problems which are set to unfold. High Debt, Low Birthrates and Low productivity spell out a potential economic crisis in Italy. The country looks to move down international GDP rankings, and stagnant re...

КОМЕНТАРІ

  • @SEBA_RANKS
    @SEBA_RANKS 3 години тому

    And with all that Puerto Rico is the mayor consumer of US goods in all US territory by square miles, and thats why we have more Walmarts than any other state by square miles, we even have 2 Walmart in one town and they're always busy, and with the benefits to the Walmart company that they pay the federal minimum wage without ever giving a race to their employees, and no health or dental insurance, and its the same with all the rest of Americans companies, phiser, lilly glaxsowelcom watson etc of the pharmaceutical industry, most of the American medications are made in Puerto Rico for cheap, US just wants all the Puertorican to move to the main land so they can stay with all the coastal areas to build hotels and resort, and now is a fiscal paradise to all those crypto currency and investors in the US that inscribed theirs companies or brings a branch of theirs companies to the islands paying 7.25hr to Puertorican and then take their gains to US main land banks without paying any taxes in Puerto Rico or in the US, and most Americans think that USA maintain Puertoricans and is backwards, but with all that we keep making noise around the world and the whole world knows who we are and love ur island more than US mainland because it is a free country or territory for real, not like in the US that is a dictatorial country hidden behind a false democracy that at the end free speech ends up on the Israel line. And you get canceled

  • @geek561
    @geek561 4 години тому

    Poor? With a GDP of $41,000? Really? Puerto Rico is not poor; it has had poor public administration for the last 20 years.

  • @seandobson499
    @seandobson499 4 години тому

    Really? Funny that so many illegal migrants are coming here by the boatload almost every day and almost all the problems you state as reasons why 'nobody wants to live in the UK' exist in most European countries and are far worse in many of them and, in the UK, if you need medical treatment, have a long-term health condition or are in hospital for treatment for a long period, thanks to the NHS, which you pay into if you are in work, you are not presented with a huge medical bill, as you are in so many other countries if you do not have medical insurance. I am a 70-year-old ex-soldier who served in a number of countries from 1971 onwards and lived in two countries after I left the army and the grass is not always as green on the other side as you think it is, many of the problems in the UK are the result of lack of investment in affordable housing, the NHS, manufacturing, roads, huge expensive projects that were abandoned, absolute bottom-of-the -Barrell politicians of all stripes and people believing them when they tell you they will do this and that and cut taxes at the same time, which is impossible and this country has been left with vast debts, as we are now finding out and the only way out of any of this is to increase taxes that do not cause further poverty to those on low wages who are already struggling so, as they are choices, alcohol and tobacco taxes have to rise as does income tax with those earning the most, paying the most although not so high that it forces businesses to leave the country, but everyone will need to pay more based on salary, even if it is only a few pounds more a week for those on low salaries, tax evasion has to be clamped down on as does fraud or within ten years, the UK will be almost a Third World country, there is no magic money tree, if we want to get out of the mess we are in, it requires the money to be able to do so while protecting those currently unemployed. It will take years to train new doctors, nurses, dentists, teachers, begin to build enough affordable homes for rent, improve roads etc, but the new government must be honest and open with the people, no bullshit, no lies, no half-truths but the truth, no matter how hard it might be.

  • @aristidesduarte8713
    @aristidesduarte8713 5 годин тому

    Hy wow no creo eso .y Los governadores q se an Ronaldo El dinero q estados unidos le a dado q se an Ronaldo ah y la jente no pelea .sus derechos .5=6. No pueden pelear es union pero .hay jente mala y orgullosa q piensan en solo ellos .y a hora mas .todos usando drogas .matandose .despierta borricua .mmmm Malo men q penaaa

  • @Raegis.
    @Raegis. 6 годин тому

    PR is a major exporter of IV fluid bags. It supplies over 80 countries. During the pandemic shortage of IV fluids they got marked up by 600% and USA hospitals couldnt afford them. USA healthcare system relies on the island. Yet Puertoricans have been brainwashed for years to fear independence and to think they need USA.

  • @maritzamartinez3359
    @maritzamartinez3359 6 годин тому

    Nos han jodido toda la vida y el problema mayor es q nos dejamos...peor aun estos gobiernos se embolsillan el dinero y los pobres patinando en mierda....no se puede progresar asi

  • @codezerodnb
    @codezerodnb 7 годин тому

    I can see myself on the crowd. Thank you for covering this subject.

  • @shantimau4702
    @shantimau4702 7 годин тому

    The USA will never accept P.R. as another state of the nation. They consider Puerto Ricans inferior, second class. When hurricane Maria devastated the island in 2017, many in the USA commented; "the hurricane should had taken all the islanders, they are leaches of the USA government." Puerto Ricans need to wake up & smell the coffee, the island will never become another state of the USA, they are not interested.

  • @TheRustyLM
    @TheRustyLM 7 годин тому

    It’s a small island. They produce nothing but people who move to mainland USA. This isn’t some capitalist conspiracy. 🙄

  • @RobGordon35
    @RobGordon35 8 годин тому

    Britain is NOT a country. England is, Wales is, Scotland is. London is the capital of England, not Britain.

  • @VillyVassel-eo3qo
    @VillyVassel-eo3qo 8 годин тому

    London multi culti shithole,

  • @davidhathaway8271
    @davidhathaway8271 8 годин тому

    Hello? Why no one wants to live in the UK! I think there are plenty of people that want to move here.

  • @HungarianRepublic
    @HungarianRepublic 8 годин тому

    Wolfenden Commission was the single greatest tragedy in British history.

  • @garciacalavera6830
    @garciacalavera6830 8 годин тому

    If nobody wants to live in the UK, then why are so many immigrants and refugees want to come here???? What a poorly documented video

  • @richardlopez5992
    @richardlopez5992 9 годин тому

    if the situation is that bleak, then is incumbent on each of us who live here (and i live here)to make it better for ourselves, this disease of the mind that people think that the government is here to solve problems is just that , a disease , the only solution to any problem is improve yourself, get new skills, live within your means,

  • @matthewphillips3158
    @matthewphillips3158 9 годин тому

    I said from the start f Brexit we was a brilliant nation before, so much influence and say in Europe, now we’re just some horrible little racist country in Europe off the coast of Europe, brilliant thanks Brexiteers we’ve got our sovereignty back 💩

  • @somozasi
    @somozasi 9 годин тому

    Puerto Ricans keep PR poor. Dont blame the US for it !!!!

  • @uncleor1938
    @uncleor1938 10 годин тому

    Why is the US not helping Puerto Rico?

  • @freddysantiago5230
    @freddysantiago5230 11 годин тому

    Have you ever heard about the underground economy? , that's exactly what a lot of Puerto Ricans like to do. They report the very low income to the IRS and to the state from 1 job, but in reality, most of them have two jobs. They are doing this, so they can have the most help from the Us. At the other point, I rather be in PR; than Haiti, Cuba, or Venezuela.

  • @h-rttv7374
    @h-rttv7374 11 годин тому

    Poland for centuries wasn't poor country. It's big mistake. It was one of most important countries in continental Europe. Check more history than only WW1 and WW2 . This country is older than plenty European countries. This country made big coalitions and plenty big families from West and East wanted to have some connections with Polish monarchy as well Poles with them. France is a good example.

  • @ErazoBayamon
    @ErazoBayamon 11 годин тому

    We are a colony a strategic point for the US military force . Beside we are a war trophy from Spain.😢

  • @josephaviles8289
    @josephaviles8289 12 годин тому

    No invierten en la isla pa que haga algo como Taiwan y el pueblo prefiere vender drogas que trabajar por qué no suben sueldo y el pueblo sabe que el luchar justamente por su salario los lleva a nada por qué les dan migajas por qué los impuestos están cabron.

  • @greghight954
    @greghight954 12 годин тому

    Puerto Rico has more drawbacks than benefits for the US. Give them independence and do their own thing.

  • @hugoclarke3284
    @hugoclarke3284 12 годин тому

    Everyone wants to live in the UK but the English. I think the monarchy grew weak because they have no responsibility. They shouldn't be all-powerful but they should have the same influence as Lords. Quite recently Cameron was made a Lord actually, which is appalling...

  • @ErickRafaelLluch
    @ErickRafaelLluch 13 годин тому

    ❤😂🤣😂🤣🤣😘

  • @uli6536
    @uli6536 13 годин тому

    Viva P.R futuro Estado 51 🇺🇸🇵🇷✍️

  • @ronsw6948
    @ronsw6948 13 годин тому

    No no no the reason YT people Pieter Rico poor

  • @user-qb8mj3nd6x
    @user-qb8mj3nd6x 13 годин тому

    Puerto Rico, WOW!!!..... A 21st Century American Slave Colony...tsk tsk.......Leave a Quarter on the Night Stand, we'll be back tomorrow........oh, and take the Kid, we have a War to fight

  • @katalinhorvath8139
    @katalinhorvath8139 14 годин тому

    Thank you for this, I enjoyed watching it. It would be nice if you spoke a little bit slower, for the international audience watching! Thanks!

  • @ingefriedbianca
    @ingefriedbianca 14 годин тому

    As a “Latina”, I consider it is important to mention the existence of *poverty factors* -an array of cultural, sociological and psychological factors- that prevail in Latin and other poor cultures and communities, and play a major role in the rates of poverty and success, particularly the levels of interpersonal bullying and violence; sexual and economic trespass and depredation; sexism and discrimination…

  • @guyanasun4361
    @guyanasun4361 14 годин тому

    Puerto Rico isn't a country or nation, it's a nonofficial state of these United States.

  • @brainnfun
    @brainnfun 14 годин тому

    Everything you say is factually true, but also a main moving force for the repeal of federal laws favorable to Puerto Rico is the pro-statehood movement whose backbone is that Puerto Ricans will favor statehood if we’re poor. So they do not favor any policy that will build the economy. They say they can’t do anything to solve Puerto Rico’s problems because the problem is that we’re not a state. So 1/3 of the population is ok with everything staying how it is. Meanwhile, pro-statehood politicians are very corrupt, many have been arrested and gone to jail.

  • @TuMAnu2007
    @TuMAnu2007 15 годин тому

    Here is a detail this video missed. Puerto Rico had chapter 9 but was removed by congress on the 1980’s but with no explanation why? When ELA was established, it was part of the agreement. But suddenly was removed. I wonder why? (Sarcasm)

  • @Proenglish837
    @Proenglish837 15 годин тому

    I am from PR. Didnt mention anything about the internal corruption that is off the charts. Not sure I agree with the Medicare comments.

  • @russellg5022
    @russellg5022 15 годин тому

    3:00 "more people have left the country" (it isn't a country). 03:14 "all of America's overseas territories are poorer than the mainland" (you don't say????). Utterly careless video, really. Make a video about how the sky is bluer than the desert next time, and the desert is the sandiest of all skies.

  • @richardrosa9364
    @richardrosa9364 15 годин тому

    I totally blame Puerto Rico politicians do to their corrupt ways make the economy to collapse. Making so many to live the Island.

  • @sirianofmorley
    @sirianofmorley 16 годин тому

    Anybody with any wealth or skills does not want to live here, maybe. If only our population was decreasing - it would be lovely.

  • @israelvelez3078
    @israelvelez3078 16 годин тому

    all I got to say as a citizen of the us , Hilary and Bill have done a lot of damage for funding on the island back ins the nineties , it is clear that they are setting up for failure and their policies have put the economy on hold , the amount of drugs coming in from other countries , guns from the us to stir up crime it is more than enough proof that the whole world can see what the martians in dc ar e capable of doing , im very sure they would love to take it away from the people just like in hawaii

  • @joebudi5136
    @joebudi5136 17 годин тому

    Too many things wrong. Geez.

  • @anacleta424
    @anacleta424 17 годин тому

    Be great full you are FREE and have everything you want just have to work for it. Why are so many Puertorriqueños in welfare in N Y.

  • @PedroLopez-j5y
    @PedroLopez-j5y 18 годин тому

    While mostly of this video is true, you are only pointing the negative side of things when it comes to natural disasters. United States has always been there to help every time during hurricanes, earthquakes and issues with our electric situation. The local government should be the one to blame here for their nonstop, bad decisions America got their own problems to deal with, and they cannot help every single country whenever they feel like

  • @cyberkraut5139
    @cyberkraut5139 18 годин тому

    How do you justify the claim of an „overstretched NHS“? This is simply nonsense! You have an aging population and the services were less than in most western democracies. But the services were accessible within a reasonable time to all. You are talking about something you don’t understand.

  • @jamesbroggan4028
    @jamesbroggan4028 18 годин тому

    That's misleading! To begin with, Puerto Rico residents do not pay federal income tax, so it's expected that they receive less federal funding compared to other parts of the US. Laziness, incompetence, corruption are majors source of PR problems, not someone outside.

  • @zeddDelMundo
    @zeddDelMundo 19 годин тому

    ENCOURAGING POPULATION GROWTH FACILITATES LAZINESS AND GREED AND MAKES THE RICH RICHER AT THE EXPENSE OF THE POOR. Increasing population size lowers wages and raises rents. This is bad for most people - especially the poor. It does benefit landlords and CEOs. So encouraging population growth makes the rich richer at the expense of the poor. Population growth is being encouraged with claims which lead you to believe that population is shrinking and denying, or otherwise trivializing, the problems caused by population growth. UA-cam is pushing some contradicting views. Such as that you should not be prejudiced. Now if you put overpopulation into youtube almost every video will say pretty much the same thing, that overpopulation is a myth and that there were two men, yes two men, Malthus and Ehrlich. They suggested the possibility of huge, catastrophic famines - but famines, which have since occurred (and could have been avoided, or at least reduced, via better family planning) were not as bad as they had suggested. UA-cam suggests that, because of two (2) men, you should be prejudiced against anybody who suggests any warnings about overpopulation. If you put homeless into the search box on youtube you will get numerous videos portraying the homeless as lazy. Yet youtube is also pushing the idea that the developed countries should increase their populations. A lack of cheap labor will mean that many people, who are in the position of CEO, or other managerial positions, will have to do some physical labor themselves. So a push for population growth (i.e. complaining of a 'labor shortage') is motivated not only by the greed, but also by the laziness, of the bourgeoisie. You might think it is the users of youtube and not youtube itself who are the controllers of the content. Well you need to think again. UA-cam cancel videos which they don't like, even if the contents of the videos are not against their rules. For example, once when I put overpopulation into the search box for youtube I got a video of a teacher teaching his class that even minor population growth results in habitat destruction as it requires infrastructure, and crop production, which takes a lot of space, and so can - and does - wipe out entire ecosystems. Now that video was interesting, it was something that I had never thought of. That video was near the top of the list for overpopulation. Not long after this, I noticed that video had been removed and there was another video making a reference to it, showing silent clips of the teacher talking to his students and claiming that he was a racist. The person calling him a racist did not identify herself, you could not see her, you only heard a woman's voice, with an American accent, saying that he was a racist. She did not give any reason for calling him a racist. I had seen the video and that he had not said, nor done, anything racist in the video. It is a well known fact that allegations of racism are often used as a means to nefarious ends. Increasing the proportion of young people will make it harder for old people to compete for jobs. UA-cam pushes the idea that a decreasing proportion of young people will be unable to pay the pensions of the old people. State provided pensions do not amount to much. It is not going to cripple the economy. Look at Japan, they are doing quite well, without increasing the population via state-sponsored incentives or mass immigration. There is something which people either never thought of - or simply adopted selfish, inconsiderate views about. The young people whom they are creating or importing will become old people and the situation will repeat itself. Elderly people make up a substantial portion of the homeless. Increasing competition for jobs and increasing real estate prices are leading causes of homelessness. Perhaps youtube pushes the idea that homeless people are lazy, or otherwise self made, to divert attention from this. Homeless people do dirty jobs for very low pay such as selling street papers, collecting bottles and collecting cans. Also they must walk great distances to get what they need, in many cases. Begging is not called working but it is a very stressful and time consuming way to make money. It is unlikely that many of the bourgeoisie would do such work. It is hypocritical for bourgeoisie, who encouraged population growth, so that can get someone else to do their manual labor, to call the homeless, or anyone else, lazy. Many of the youtube videos about homelessness would be labeled 'hate speech' if they targeted woke-privileged, protected groups. In her famous book Dead Aid, Dambisa Moyo advocates mass migration of the third world's workforce to the west. How practical is this? More than 75% of the world's population live in the third world. She thinks that mass migration will make the third world much wealthier because wealth will be sent home. This might be true of the first generations to arrive but subsequent generations are unlikely to send much money home. The poor people in the third world are not the ones who make it to the first world - it is the wealthier more intelligent ones who make it to the first world. Even asylum seekers need money and brains to make the journey and make a good case. The net effect is a drain of wealth and talent from the third world. Hey, what if you were in Africa and suddenly needed a good doctor? This further impoverishes the third world. This is a benefit to big companies who want to exploit the third world and get things cheaper there. It is said that the first world is the land of opportunity and that it's easy to get jobs there. However it is actually harder to get jobs in the first world, than in the third world because there's more competition. Talented people from all over the world go to the first world to work. Once there, where competition for jobs is greater, many might be unable to compete. Nobody likes to blame themselves for their failure. So they might blame this on some perception of 'discrimination', which is fueled by the woke media. While we are on the subject of discrimination, it is important to note that discrimination against the homeless is still quite legal in these woke obsessed times. It would be funny if some of the bourgeoisie were forced to get out and collect some cans, or do some hiking to fill their water bottles - and did some real work! Another old argument is that overpopulation is not the issue when it comes to hunger, we need more compassion and charity because there is enough food to feed the world's population no matter how big it gets. However anybody with half a brain knows that if you save a million people from starving - and that population is growing - it will result in larger numbers of starving people. So clearly we need to address the root causes of this. Why are poor people having large numbers of children? There are certain ways of thinking which need to be changed. The hindrances to this must be overcome. The woke claim that the west should absorb the third world - but not have any say in the things which drive this. It is claimed that world population is going to peak sometime later this century. Well I read, in New International Magazine in the 80s, that world population was going to peak in 2025 - so nobody can predict the future. Mainstream media fails to mention the fact that high birth rates, amongst some parents, not only in the third world but the first world too, are often driven by a view that children are assets. It is claimed that many people have large numbers of children as a form of old age pension. However one usually receives that when one is over 60, who, in their right mind, is going to spend the best part of their life raising a big family so they can be happy when they are over 60? Let's be realistic. Just as you have some welfare mothers in the first world who have a lot of kids to get more money, you have some parents in places without a welfare system who have a lot of kids so they can send them out to work, beg or prostitute to make money for the parents. To provide an early retirement, or simply supplement or replace an income when the parents are young. Now that is a problem which obviously needs to be addressed. Furthermore, in many countries, people are actually encouraged, by others, to see children as assets and have large numbers of them. So peer pressure can play a role too. Attitudes need to be changed - and that's not going to happen if mainstream media keeps failing to report these problems, or otherwise trivialize overpopulation. Obviously large numbers of poor people are a benefit to big companies who can get cheap labor and other resources - but try to have some consideration for the kids. It is said that the problem is not overpopulation but a lack of compassion. So let's have some real compassion! Now I am not making stereotypes about people who live in the third world. Many of them are nice parents and don't exploit their children. I know people in the third world who choose not to have any children at all. I myself live in the third world and I chose not to have any. There are also poor, homeless people in the third world who simply can't have kids. It is such people who are the first to feel the bite of overpopulation. I am not making stereotypes about the bourgeoisie or landlords or CEOs either. There is good and bad in every group. There is good and bad in every person. No two men are created equal.🎉❤

  • @Dangic23
    @Dangic23 19 годин тому

    You left out the most important point in the collapse of the Japan economy: The Plaza Accord 1985. That was Day Zero.

  • @lennxwitt6633
    @lennxwitt6633 19 годин тому

    Although Puerto Rico has a substantial debt of approximately $37 billion, no country in the past decade has surpassed the United States' record for the highest external debt, which currently stands at around $34 trillion. The key difference lies in the POWER and economic autonomy. The USA, being an independent country, can print its own currency whenever needed and maintain an artificial economy, even if it leads to inflation. It has control over its imports and exports. In contrast, Puerto Rico cannot event vote for the president, and everything that arrives on the island must first pass through the mainland, increasing the cost of all products. Also, can't control wich who do business without the bless of Uncle Sam. Puerto Rico cannot print its own currency like Uncle Sam, and to add to this, there is also poor government administration, a problem shared with the USA, but the latter has far more resources to manage it.

  • @kevinflores583
    @kevinflores583 19 годин тому

    also our doctors and surgeons leave and go to USA. Capitalism kills too

  • @user-ij4dv4hm3g
    @user-ij4dv4hm3g 19 годин тому

    I am from HK and I moved to the UK 4 years ago. I never looked back as Hk is even worse. Too many people think that HK is perfect and they are so naive

  • @Dangic23
    @Dangic23 19 годин тому

    The US copied Abenomics and also used QA to avoid the economic collapse in 2015-2016.