MORRIS: Is the U.S. Becoming a Banana Republic?

Background: Historically, banana trade has been dominated by a fistful of U.S. companies. The most notorious was United Fruit. According to the 1992 edition of Hoover's Handbook of American Business "the term 'banana republic' originates from United Fruit's involvement in establishing Central American regimes friendly to its operations". In 1954 United Fruit controlled 85 percent of all tropical banana production. United Fruit, now known Chiquita Brands International, remains the world's largest banana company. And it is on behalf of Chiquita that the U.S. recently asked the World Trade Organization(WTO) to reject Europe's system of giving preferential access to bananas from its former colonies in the Caribbean, Asia and Africa. Even free traders wonder about this U.S. action.


Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal
{{ }}

Happy Holidays!