Panama Canal cheers millionth ship to use waterway
Thursday, October 14 2010 @ 08:39 AM EDT
Contributed by: Don Winner
Editor's Comment: When the ship passed through the Canal on 4 September 2010, the officials at the Panama Canal Authority didn't even know or realize at that point that the Fortune Plum was the one millionth ship to pass through the Panama Canal - their bean counters figured it out later. By the time they woke up the ship was already halfway to Asia. Anyway, now there's a plaque hanging on the bridge. Now ask yourself this - if one million ships have gone through the Panama Canal, why is there still so much poverty in Panama? Answer - because the government of the United States of America managed the Panama Canal for them, not for the benefit of Panama or Panamanians, for almost a century. Contrary to years of Panama Canal Authority rhetoric and press releases claiming otherwise. That situation has since changed, and the economy of Panama has been growing like crazy ever since, and it's only going to get better. You do the math. The average vessel passing through the Panama Canal pays about $200,000 in tolls. Multiply that times one million, and the answer is $200 BILLION DOLLARS (in today's money). So, why is there still poverty in tiny Panama? Great question... History students, don't forget to do the math. And that's why many Panamanians (deep down) think Americans are greedy, selfish pricks.