Discover and read the best of Twitter Threads about #cancelthedebt

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While @realdonaldTrump pursues his xenophobic agenda against the people of #PuertoRico and #USSenate fails to support the people in the island, others are starting to understand the economic and social roots of Puerto Rico's crisis. Here is a bit of context. #cancelthedebt 1/
2/Puerto Rico is a colony. Since 1898, our economy’s been used to cater to US needs. In 120 yrs, US changed our currency, our farming, our industry, and our tax and finance laws. This led to an economic decline that sent #PuertoRico down rabbit hole of $72B+ debt. #cancelthedebt
3/Then came the vultures. Like in Argentina & Greece, vulture funds scooped up cheap debt and forced payment through austerity policies and Wall St-friendly courts. This led to massive layoffs, privatization of schools, & >12% of people leaving the island.
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