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The Significance of the Protest Encampment in Puerto Rico
The Protest Encampment at the entrance of the Federal Courthouse in Hato Rey, Puerto Rico against the Puerto Rico Oversight, Management, and Economic Stability Act (cynically called “PROMESA”), as well as the Wall Street Junta that said law imposes, constitutes an important act of popular resistance. In addition to the dictatorial Wall Street Junta, PROMESA sets up a legal framework to impose a $4.25-an-hour wage on young workers ages 20-24, curtail and even eliminate public sector pensions, cancel collective bargaining agreements, and ram through a host of other austerity measures upon the Puerto Rican people.