Puerto Rico's Bankruptcy Is the Cost of U.S. Colonialism

Pedestrians walk past an old hotel in the Condado area of San Juan, Puerto Rico, on Wednesday, July 8, 2015. A growing number of Republicans in the U.S. Congress are saying they want to support Puerto Rico as it wrestles with an escalating debt crisis, though they've stopped short of backing legislation allowing for municipal bankruptcy. Photographer: Christopher Gregory/Bloomberg via Getty Images

Puerto Rico’s $123 Billion Bankruptcy Is the Cost of U.S. Colonialism

The colonial relationship that has prevailed between the U.S. and Puerto Rico since 1898 is no longer viable.