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The ruling class controls the primary sector of the economy by way of exploitation of labour. [4] Therefore, the term banana republic is a pejorative descriptor for a servile oligarchy that abets and supports, for kickbacks, the exploitation of large-scale plantation agriculture, especially banana cultivation. [4]
Bernays's most extreme political propaganda activities were said to be conducted on behalf of the multinational corporation United Fruit Company (renamed Chiquita Brands International in 1984) and the U.S. government to facilitate the successful 1954 coup against the democratically elected president of Guatemala, Jacobo Arbenz Guzman.
Lumpenbourgeoisie is a term used in colonial sociology to describe members of the middle class [1] and upper class [2] (merchants, lawyers, industrialists, etc.) [3] who have little collective self-awareness or economic base [1] and who support the colonial masters.
In U.S. politics, the term banana republic is a pejorative political descriptor coined by the American writer O. Henry in Cabbages and Kings (1904), a book of thematically related short stories derived from his 1896–1897 residence in Honduras, where he was hiding from U.S. law for bank embezzlement. [34] Bankocracy
Corporatocracy [a] or corpocracy is an economic, political and judicial system controlled or influenced by business corporations or corporate interests. [ 1 ] The concept has been used in explanations of bank bailouts , excessive pay for CEOs , and the exploitation of national treasuries, people, and natural resources . [ 2 ]
Bananas, Beaches and Bases: Making Feminist Sense of International Politics is a book by Cynthia Enloe.It was first published in 1990, with a revised edition published in 2014. [1]
Robert David Putnam [a] (born January 9, 1941) is an American political scientist specializing in comparative politics.He is the Peter and Isabel Malkin Professor of Public Policy at the Harvard University John F. Kennedy School of Government.
Guatemala was among the Central American countries of the period known as a banana republic. [ 9 ] [ 10 ] From 1890 to 1920, control of Guatemala's resources and its economy shifted away from Britain and Germany to the U.S., which became Guatemala's dominant trade partner. [ 8 ]