The Spark

the Voice of
The Communist League of Revolutionary Workers–Internationalist

“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx

Hedge Funds vs. Puerto Rican Children

Nov 9, 2015

The vulture hedge funds that sucked billions out of debt crises in Detroit, Argentina, and Greece hired economists to come up with a solution to Puerto Rico’s debt crises. The economists’ solution? Lay off teachers, close schools, cut health benefits and raise taxes.

According to these economists, who claim they weren’t influenced by the hedge funds, Puerto Rico has been “massively overspending on education.” In reality, Puerto Rico spends $2,000 less per student than the U.S. average.

This sums up modern capitalist economics – destroy the futures of millions of children, so the billionaires can get more billions!