The Empire Strikes Back

From Chris Hedges:

Latin America looks set to be plunged once again into a period of dictatorial control and naked corporate exploitation. The governments of Ecuador, Bolivia and Venezuela, which is on the brink of collapse, have had to fight off right-wing coup attempts and are enduring economic sabotage. The Brazilian Senate impeached the democratically elected President Dilma Rousseff. Argentina’s new right-wing president, Mauricio Macri, bankrolled by U.S. hedge funds, promptly repaid his benefactors by handing $4.65 billion to four hedge funds, including Elliott Management, run by billionaire Paul Singer. The payout to hedge fundsthat had bought Argentine debt for pennies on the dollar meant that Singer’s firm made $2.4 billion, an amount that was 10 to 15 times the original investment. The previous Argentine government, under Cristina Fernández de Kirchner, had refused to pay the debt acquired by the hedge funds and acidly referred to them as “vulture funds.”

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