The Jones Act was enacted in 1920! It’s time to do away with it …. update to the current times!
On July 5, 2015, ABC TV devoted a special segment to discussing the economic crisis in Puerto Rico.
On TIEMPO with Joe Torres, the subjects included the need for a shipping industry in Puerto Rico, and the true causes of its $73 billion public debt.
David Galarza, a veteran community activist and union organizer for CSEA, laid out the major themes. Nelson Denis provided some additional information.
The show’s host, Joe Torres, was a consummate professional: well-informed and thought-provoking, his questions cut to the core issues confronting the entire island.
The interview covered a lot of ground in 30 minutes. The overriding concern was the creation of a permanent, sustainable industries in Puerto Rico, that do not repatriate the profits back to foreign investors. You can see the entire segment here:
As the interview made clear, Puerto Rico must develop its own engines of economic growth.
View original post 198 more words