4 ms·
I was always under the impression that banana republic simply meant that economy was a one business type deal and generally controlled by state plutocrats and o
by SimbaOnSteroids 8y ago
I was always under the impression that banana republic simply meant that economy was a one business type deal and generally controlled by state plutocrats and oligarchs. So I did a quick look up on Wikipedia[0], perhaps the phrase has different connotations in our local dialects of English but Wiki didn’t make any mention of presumed democracy.
Further I’d argue that the ascension of MBS to the de facto head of state qualifies as evidence of instability. Also the very nature of a banana republic’s economy make the government unstable because people generally only grab their torches and pitchforks when they go from having food to not having food. If your economy stands on one leg then you’re one disruption away from not having an economy and therefore not having food.
[0] https://en.wikipedia.org/wiki/Banana_republic?wprov=sfti1 https://en.wikipedia.org/wiki/Banana_republic?wprov=sfti1