Proponents of Western capitalism tend to talk a lot about “development.” If one reads the publications of the World Bank or the International Monetary Fund, or writings of economists like Milton Friedman and Jeffrey Sachs, one gets the impression that Western corporations are helping impoverished countries by doing business with them.
The reality of the conditions in Central America should be a stark refutation of these claims. Guatemala, Honduras, and Panama have been financial partners of the United States for hundreds of years. Wall Street banks and corporations have almost a free hand in these countries. The result has been not only persistent poverty, but increasing violence from narcotics traffickers. For many in Central America and Mexico, the unregulated reign of US corporations has made life has made life almost unlivable, and they have been forced to flee to the USA. Each day, corpses are discovered along the US border. The bodies belong to those who have died in the process of trying to enter the country after fleeing their homeland. The corpses belong almost exclusively to those living under pro-Wall Street, free market regimes.