The truth about the US border-industrial complex
Congress should expand legal avenues of immigration, along with a roadmap to citizenship for undocumented immigrants already here—a policy with broad public support. The story you’ve heard about immigration, from politicians and the mainstream media alike, isn’t close to the full picture. Here’s the truth about how we got here and what we must do to fix it.
A desperate combination of factors are driving migrants and asylum seekers to our southern border, from Central America in particular: deep economic inequality, corruption, and high rates of poverty — all worsened by COVID-19.
Many are also fleeing violence and instability, much of it tied to historic U.S. support for brutal authoritarian regimes, right-wing paramilitary groups, and corporate interests in Latin America.
Latin America and the Caribbean are facing a serious debt crisis
In the previous three parts we have observed the evolution of the DCs’ external debt over the last twenty years. The first part shows a dramatic increase of indebtedness, which multiplied by 2.5 with a steep acceleration from 2008 onward. The second part highlights the main threats on the DCs’ external debt, among which the growing significance of bonds, the evolution of interest rates and the depreciation of their currencies against the U.S. dollar. The third part examines the various factors that lure DCs into the debt trap: dependence on commodities, drop in foreign exchange reserves, inflating repayments, conjuncture of a multi-dimensional crisis aggravated by the COVID-19 pandemic, etc.
We deepen our analysis by focusing on various regions, starting with Latin America and the Caribbean.
There is a migrant crisis, but where and why?
Much ink and hot air has been expended over the past several weeks about whether or not there is a “crisis” on the U.S.-Mexico border, caused by a big spike in the number of migrants and asylum-seekers arriving there since the change in U.S. administrations.
The tone of the Republican versus Democrat argument often takes on a semantic character. In the opinion of this writer, there is indeed a major crisis, but it is not new; rather it is rooted in the way U.S. imperialism has interacted with the nations and peoples of Central America and the Caribbean for well over a century.