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NICARAGUA’S CANAL: A SOCIALIST PROJECT FOR ECONOMIC CHANGE

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The fundamental argument in favor of Nicaragua’s Interoceanic Canal is that it will change the structure of Nicaragua’s economy in such a way as to dramatically reduce poverty and so enable a reversal of the current destructive national and regional trends of impoverishment-driven environmental depredation.

Progressive and radical opinion in North America and Europe tends to skew discussion towards the Canal’s alleged potential environmental ffects, generally ignoring both the urgent economic imperative of poverty reduction and the Canal’s wider regional and global significance. The environmental argument in favor of the Canal is usually met with perplexed scepticism, blank incomprehension or, very often, deliberate misrepresentation.

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