“The international community still calls it colonialism. The United Nations has repeatedly affirmed its position with regard to the Declaration on the Granting of Independence to Colonial Countries and Peoples in General Assembly Resolution 1514 (XV), which states that the continued subjugation and domination of a people by a foreign nation violates their fundamental human rights and the United Nations Charter.
The United Nations Special Committee on the Situation with regard to the Implementation of the Declaration on the Granting of Independence to Colonial Countries and Peoples reaffirms in its resolution each year, as it has done in 33 independent resolutions, the right of the people of Puerto Rico to self-determination.
And that colonial status is nowhere more evident than in the vote taken by Congress recently to pass the Puerto Rico Oversight, Management and Economic Stability Act (“PROMESA”). PROMESA, which means “promise” in Spanish, offers the island the chance for full debt restructuring, but at the extremely high price of relinquishing self-governance.”