06 January 2020

Puertopia



The Battle for Paradise by Naomi Klein, 2018, Excerpts

“Puertopia” is a sweeping vision that sees Puerto Rico transforming itself into a ‘visitor economy,’ one with a radically downsized state and many fewer Puerto Ricans living on the island. In their place would be tens of thousands of high-net-worth individuals from Europe, Asia, and the U.S. mainland, lured to permanently relocate by a cornucopia of tax breaks and the promise of living a five-star resort lifestyle inside fully privatized enclaves, year-round.

Aggressively advanced by Gov. Ricardo Rossello in meetings with bankers, real estate developers, cryptocurrency traders, and the Financial Oversight and Management Board, an unelected seven-member body that exerts ultimate control over Puerto Rico’s economy, Puertopia is being conjured up in the ballrooms of luxury hotels in San Juan and New York City. In February 2018, Gov. Rossello told a business audience in New York that Maria had created a “blank canvas” on which investors could paint their very own dream world.

It even seems to have its own religion: an unruly hodgepodge of Ayn Randian wealth supremacy, philanthrocapitalist noblesse oblige, Burning Man pseudo-spirituality, and half-remembered scenes from watching Avatar while high.




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