http://mrzine.monthlyreview.org/2015/images/pr_rp_pd.jpgA third of the income that is generated in Puerto Rico leaves the country each year in the form of repatriated profits. In other words, the gross National Product of Puerto Rico, or the income that belongs to the residents of the island, is 67% of the total income generated there; the other third is taken away by U.S. corporations. . . . Puerto Rico's debt is currently valued at 70 billion dollars; U.S. corporations repatriated 313 billion dollars between 2004 and 2013. To put this drain in perspective, repatriated profits in the last decade alone are enough to pay the entire debt of Puerto Rico's government and its public corporations four times over! These payments to absentee capital constitute the elephant in the room that is never mentioned in discussions of Puerto Rico's debt problems.

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