by James Petras, Dissident Voice, August 8th, 2011
We live in a time of great destruction and grand economic opportunities and Latin America is no exception. In the global context, the US Empire is engaged in destructive wars (Afghanistan, Iraq, Pakistan, Libya, Yemen, Somalia and Haiti). In contrast China, India, Brazil, Argentina and other “emerging economies” are expanding trade, investments and reducing poverty. The European Union (EU) and the United States (USA) are in deep economic crises. The EU “periphery” (Greece, Ireland, Portugal, Spain) are totally bankrupt. The US “dependencies” in North America (Mexico), Central America and the Caribbean are virtual narco-states plagued by mass poverty, astronomical crime rates and economic stagnation. The US dependencies are plundered by foreign multi-nationals, local oligarchs and corrupt politicians.
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We live in a time of great destruction and grand economic opportunities and Latin America is no exception. In the global context, the US Empire is engaged in destructive wars (Afghanistan, Iraq, Pakistan, Libya, Yemen, Somalia and Haiti). In contrast China, India, Brazil, Argentina and other “emerging economies” are expanding trade, investments and reducing poverty. The European Union (EU) and the United States (USA) are in deep economic crises. The EU “periphery” (Greece, Ireland, Portugal, Spain) are totally bankrupt. The US “dependencies” in North America (Mexico), Central America and the Caribbean are virtual narco-states plagued by mass poverty, astronomical crime rates and economic stagnation. The US dependencies are plundered by foreign multi-nationals, local oligarchs and corrupt politicians.
Continues >>
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