Doomscroll with Joshua Citarella

David Adler on the Pink Tide & Financial Colonialism

5 snips
Jan 12, 2026
David Adler, co-general director of the Progressive International, explores the intricate web of financial colonialism in Latin America. He delves into the controversial case of Prospera, a libertarian city-state in Honduras, and its staggering $10.8 billion lawsuit against the country. Adler discusses the historical U.S. intervention in Latin America, the dynamics of investor-state arbitration, and strategies to resist financial colonialism. He also emphasizes the importance of regional cooperation in countering U.S. influence and fostering economic sovereignty.
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INSIGHT

CEDES Enabled Corporate Enclaves

  • CEDES (special economic zones) sold sovereign territory to corporations and enabled projects like Prospera.
  • Prospera was funded by Pronomos Capital with Silicon Valley investors backing a crypto-libertarian experiment.
ANECDOTE

Return Of Libre And Local Resistance

  • Adler narrates the 2021 return of Xiomara Castro and Libre, who campaigned to eliminate CEDES and restore constitutional order.
  • Local Afro-descendant communities on Roatán resisted Prospera's incursions and supported the campaign.
INSIGHT

$10.8B Claim Is Future-Profit Fiction

  • Prospera sued Honduras at ICSID for $10.8 billion, claiming 50 years of expected future lost profits.
  • Adler exposes this as a speculative legal tactic that weaponizes investor-state protections against sovereign regulation.
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