The new "Banana Republic" of North America http://alainet.org/active/45597&lang=es
The United States is moving rapidly to remake itself as a "Banana Republic", along with several European countries. The economist Michael Hudson, a specialist on Wall Street, points out that this tendency can be seen in action in the State of Wisconsin. "Today, Milwaukee – Wisconsin's largest city, and once the richest in America – is ranked among the four poorest large cities in the United States.
"These are the same policies applied during the last twenty years in Panama, which have resulted in impoverishing households and eliminating productive jobs. In Chile the same thing was done from the beginning of the decade of 1980, under the Pinochet government. Menem in Argentina, Fujimori in Peru , Salinas de Gortari in Mexico, Carlos A. Pérez in Venezuela, followed this path and brought their countries to ruin. At the present time, in Latin America, many countries have corrected the errors of the past and begin to lay the foundations for greater prosperity.