A Potential Alliance Betwixt Socialists As Well As Libertarians Over Puerto Rican Authorities Debt

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Title : A Potential Alliance Betwixt Socialists As Well As Libertarians Over Puerto Rican Authorities Debt
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A Potential Alliance Betwixt Socialists As Well As Libertarians Over Puerto Rican Authorities Debt



Last week, a picket, staged in Boston as well as organized past times the International Socialist Organization as well as co-sponsored past times Boston Democratic Socialists of America as well as the Green-Rainbow Party, called for the cancellation of Puerto Rico's debt.

The debt inward interrogation is debt sew together irresponsibly by
past Puerto Rican governments. Every hardcore libertarian would, of course, back upwardly default on this debt rather than accept the decent people of Puerto Rico or USA taxpayers bailout the owners of this debt. From a libertarian perspective, this should hold out the pose on all authorities debt.

The protestation was held inward Boston because it is the headquarters of Seth Klaman's  Baupost Group hedge fund which owns close a billion dollars worth of the Puerto Rican debt. The bonds were issued past times the Puerto Rico Sales Tax Financing Corp., which goes past times the acronym COFINA.

Chants included: "¡Seth Klarman, cancela la deuda, si no, te damos candela!" ("Cancel the debt, Seth Klarman, or we'll Canis familiaris yous everywhere yous go!")

Of course, the confused socialists did blame the debt on capitalism rather than the oppressive government. One speaker expressed how this was a example where the truthful appear upwardly of capitalism was revealed, reports the SocialistWorker.orgs.

 -RW

Sources:
CNBC
SocialistWorkers.org




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