PROMESA: The Promise That Took Power Away

This episode explores PROMESA, the 2016 law that created Puerto Rico’s unelected Fiscal Oversight Board, known as La Junta. It explains how Puerto Rico’s debt crisis was shaped by local mismanagement, Wall Street, federal tax policy, colonial status, and U.S. control, while showing how austerity, privatization, consultant costs, migration, and blackouts affected everyday Puerto Ricans.