Category Archives: Economy

Puerto Rico: changing the focus of government

Posted on March 16, 2016 by FRANK WORLEY

At one point in its not to distant past, the government of Puerto Rico owned just about everything. It owned the shipping company ‘Navieras,’ the Puerto Rico Telephone Company and still owns the Water and Sewer Authority and the … Continue reading →

Posted in Budget, Business, capitalism, Economy, Education, healthcare, socialism, Uncategorized | Tagged crisis, Debt, economy, puerto rico | 2 Comments

UPDATE: Statehood’s 210 Trillion dollar question

Posted on July 14, 2015 by FRANK WORLEY

Do you want to saddle your children with 640 thousand dollars in debt before they even get out of diapers? Continue reading →

Posted in Economy, Puerto Rico, Status | Tagged Debt, debt clock, Forbes, Goodman, independence, Krugman, puerto rico, statehood, United States | 1 Comment

Confessions of a dishwasher

Posted on July 9, 2015 by FRANK WORLEY

With very few exceptions, poverty as a child is a condition; poverty as an adult is a choice. Continue reading →

Posted in Economy, Puerto Rico | Tagged conservative, libertarian, liberty, poverty, puerto rico, working class | Leave a comment

Distributive Capitalism explained

Posted on July 6, 2015 by FRANK WORLEY

I suspect I will forever regret having named my economic theory ‘Distributive Capitalism’ because of what the name implies. It implies wealth redistribution, but it is actually a wealth creation concept. Under wealth redistribution efforts money is taken from one … Continue reading →

Posted in Economy, Independence, Puerto Rico | Tagged Capitalism, distributive capitalism, independence, new capitalism, puerto rico | 3 Comments

Puerto Rico: governors speech falls short

Posted on June 29, 2015 by FRANK WORLEY

Listening to tonight’s speech by Puerto Rico governor Alejandro Garcia Padilla was an exercise in disappointment. The governor, who sounded nervous at the begining of his speech; spoke in general of solutions, but once again avoided the kinds of specifics … Continue reading →

Posted in Budget, Economy, Puerto Rico, Status | Tagged Alejandro Garcia Padilla, crisis, Debt, economy, governor, independence, puerto rico | 1 Comment

El Capitalismo y el derecho al fracaso

Posted on June 29, 2015 by FRANK WORLEY

Imagínate si los políticos asumirían responsabilidad por lo que hacen? Cuan diferente seria Puerto Rico? Continue reading →

Posted in Economy, Puerto Rico | Tagged AEE, Autoridad de Enegria Electrica, capitalismo, puerto rico, sindicatos, trabajadores, union | Leave a comment

Service for citizenship in the Republic of Puerto Rico

Posted on June 11, 2015 by FRANK WORLEY

It is hard to escape the parallel between the service requirement in the proposed Republic of Puerto Rico with the mantra from the movie ‘Starship Troopers.’ “Service Guarantees Citizenship.”

The idea however, goes far beyond military service Continue reading →