Do you know what is a Banana Republic?
Banana Republic is a politically unstable country dependent upon limited agriculture and ruled by a small, wealthy, and corrupt politico-economic clique. Originally, this refered to certain Latin American Countries, that was dependant solely on Bananas for their survival. I was introduced to this term by one of my favourite authors O.Henry, in his wonderful collection of short stories stringed together as a novel Cabbages and Kings. Most of these Banana Republics are politically unstable, with coup, a norm than an exception.
The purpose of a banana republic is commercial profit by collusion between the State and favoured monopolies, whereby the profits derived from private exploitation of public lands is private property, and the debts incurred are public responsibility. Such an imbalanced economy reduces the national currency to devalued paper-money, hence the country is ineligible for international development credit and remains limited by the uneven economic development of town and country. Kleptocracy, government by thieves, features influential government employees exploiting their posts for personal gain (embezzlement, fraud, bribery, etc.), with the resultant deficit repaid by the ordinary citizens who “earn money”, rather than “make money”. Because of political and corporate manipulation, the government is unaccountable to its nation, the country's private sector–public sector corruption operates the banana republic, thus, the national legislature usually are for sale, and function mostly as ceremonial government. The money class fleeces the banking system, while the very trunk of the national tree is permitted to rot and crash, as said by Christopher Hitchens, the Anglo-American Author. The justice system dont function. Those who govern are not accountable. Vindictiveness is the order of the day.
Now tell me, in what way are we not a Banana Republic? All the symptoms mentioned above applies to us?
World's largest democracy? What a joke!!!
