Sunday, July 19, 2009

Financial Backing for NYT's favorite Coup

"Financial backing for the coup is identified by some as coming from the pharmaceutical industry, which fears Mr Zelaya's plans to produce generic drugs and distribute them cheaply to the impoverished majority in Honduras, who lack all but the most primitive health facilities. Others point to big companies in the telecommunications industry opposed to Hondutel, Honduras's state-owned provider. Parallels are being made with ITT, the US telecommunications company that offered the Nixon government funds for the successful overthrow of President Salvador Allende of Chile in 1973." (thanks Raed)