Category Archives: Puerto Rico > Venezuela > Socialism

Puerto Rico gov unveils budget critics say is unrealistic. Some claim her free stuff giveaways are a scheme to attempt to win the election for governor.

Wow!   What an incredible vote-buying proposal.  Announce you will give many different groups free money and free stuff in order to help your chances of winning the election, even though you don’t have the money to fund all the proposals. … Continue reading

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France’s Reckoning: Rich, Young Flee Welfare State; Sounds Familiar to What is Happening in Puerto Rico

Who will be left in Puerto Rico if politicians drive off the rich, the entrepreneurs, the investors, the ones who are the ones most responsible for job creation?  The politicians, the government workers, and people on welfare will remain.  Yet … Continue reading

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How Socialism Destroyed Puerto Rico, and How Capitalism Can Save It

https://finance.townhall.com/columnists/peterschiff/2015/07/16/how-socialism-destroyed-puerto-rico-and-how-capitalism-can-save-it-n2025956 How Socialism Destroyed Puerto Rico, and How Capitalism Can Save It Peter Schiff | Posted: Jul 16, 2015 12:01 AM While Greece is now dominating the debt default stage, the real tragedy is playing out much closer to home, … Continue reading

Posted in +best, most popular posts about Puerto Rico, culture and cycle of dependency, incompetence and mismanagement, minimum wage laws are harmful to society, Puerto Rico > Venezuela > Socialism, Puerto Rico necessary improvements, Puerto Rico politics and government, Puerto Rico Puerto Rican unprofessionalism makes it difficult to conduct business | Tagged , , , , , , , , , , , , , | Leave a comment

Puerto Rico’s Political Meltdown with Governor Ricardo Rosselló Announcing his Resignation

Socialism has always failed and will continue to always fail, yet politicians persuade citizens who are ignorant of history as they fall for promises of “free stuff.” https://www.wsj.com/articles/puerto-ricos-political-meltdown-11564010349 Click link for video Puerto Rico’s Political Meltdown The island needs leaders … Continue reading

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A dramatic rise in unemployment in Puerto Rico due to forced lockdown of non-essential businesses

https://www.elnuevodia.com/english/english/nota/adramaticriseinunemployment-2564417 A dramatic rise in unemployment Debate continues between rapid impoverishment and exposure to a virus that can kill thousands of lives Monday, April 27, 2020 – 1:42 PM By Ricardo Cortés Chico (Vanessa Serra ) Air traffic reduced globally, … Continue reading

Posted in Puerto Rico > Venezuela > Socialism, Puerto Rico Coronavirus Covid-19, Puerto Rico economic crisis, Puerto Rico necessary improvements | Tagged , , , , , | Leave a comment

Why is the culture of corruption in Puerto Rico politicians so pervasive and persistent?

Donald Trump gets many things wrong, but he was right about Puerto Rico’s culture of corruption, incompetence, mismanagement. “Puerto Rico is one of the most corrupt places on earth. Their politicians are either incompetent or corrupt.” – Donald Trump Recent … Continue reading

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Puerto Rico Lags Behind Everywhere Else in U.S. in Virus Testing. How much is due to corruption, cronyism, kickbacks?

Is this what is really happening, the Puerto Rico politicians thinking, “how can we siphon off part of the millions to unjustly enrich ourselves through our cronies?   We did it with Hurricane Maria, we did it with the January 2020 … Continue reading

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Puerto Rico Governor Announces additional $787 million Relief Package Amid Covid-19 Outbreak

If there are 3.1 million people living in Puerto Rico, that equates to about $305 per person.  $787 million plus $160 previously allocated = $947 million/3.1 million people = $305 per person.  This will add close to $1 Billion more … Continue reading

Posted in culture and cycle of dependency, Puerto Rico > Venezuela > Socialism, Puerto Rico Coronavirus Covid-19, Puerto Rico economic crisis, Puerto Rico necessary improvements | Tagged , , , , , , , , , , , , , , , , , , | 2 Comments

Hidden Puerto Rico earthquake supplies – comments on Twitter – fallout, scandal

Jan 23 David Begnaud @DavidBegnaud Nearly 1,000 people have gathered at the Capitol in San Juan to protest the Puerto Rican govt. They want the Governor to resign. And they want much more. These are people who’ve had enough & … Continue reading

Posted in corruption, culture and cycle of dependency, Hurricane Maria and aftermath, incompetence and mismanagement, Puerto Rico > Venezuela > Socialism, Puerto Rico economic crisis, Puerto Rico politics and government, Puerto Rico Puerto Rican unprofessionalism makes it difficult to conduct business | Tagged , , , , , , , , , , , , , , | Leave a comment

A huge difference in salaries between Puerto Rico and Mississippi

How much of the lower salaries in PR are related to the inefficiencies and lower productivity of Puerto Rican workers?   Spend a day in the DMV getting a driver’s license or renewing your car compared to doing the same … Continue reading

Posted in analysis and opinion, culture and cycle of dependency, incompetence and mismanagement, minimum wage laws are harmful to society, Puerto Ricans and Puerto Rico people, Puerto Rico > Venezuela > Socialism, Puerto Rico economic crisis, Puerto Rico necessary improvements, Puerto Rico Puerto Rican unprofessionalism makes it difficult to conduct business | Tagged , , , , , , , , , , , , , , | Leave a comment