Puerto Rico's American Dream Is Dead
Tyler Cowen / Sep 26, 2017 / BloombergView

The underlying reality is that the political and economic model for the island just isn’t working anymore, and the dream of Puerto Rican economic convergence has been laid to rest once and for all. That, in turn, says something bad about the rest of this country, namely how quickly we will give up on the possibility of transformational change.

The traditional American dream is that the poorer parts of this country would, sooner or later, start catching up to the richer parts. The American South, after an extreme divergence, gained on the North after World War II. But Puerto Rico never made the same leap, and in relative terms has held roughly steady since 1970.

https://flipboard.com/@flipboard/-puerto-ricos-american-dream-is-dead/f-e603236041%2Fbloomberg.com