re: Failed State Puerto Rico Has More Protests

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A couple of decades ago the US passed a federal law making it VERY attractive to manufacture there. Most drug companies, insulin, heck even Hanes underwear. The year the tax break ended many companies had already set up manufacturing in other countries and just shut the doors in PR. They did not plan for squat, so they just borrowed and borrowed, even using govt buildings and land for collateral and the tenants then charged rent to the govt for buildings they used to own.

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Yeah, 936 artificially propped up the island. Everything the local government has done in response has made it worse.