Banana Republic – Ingredients
Definition of Banana Republic in Wikipedia
A banana republic is a politically unstable country that economically depends upon the exports of a limited resource (fruits, minerals), and usually features a society composed of stratified social classes — a great, impoverished working class and a ruling plutocracy, composed of the élites of business, politics, and the military.
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 1896–97 residence in Honduras, where he was hiding from U.S. law for bank embezzlement. In practice, a banana republic is a country operated as a commercial enterprise for private profit, effected by the 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 government budget deficit repaid by the native working people who earn money, rather than make money. Because of foreign (corporate) manipulation, the kleptocratic 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.
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