from wikipedia:
Banana republic is a pejorative term for a small, often Latin American, Caribbean or African country that is politically unstable, dependent on limited agriculture, and ruled by a small, self-elected, wealthy and corrupt clique. In most cases they have kept the government structures that were modeled after the colonial Spanish ruling clique, with a small, largely leisure class on the top and a large, poorly educated and poorly paid working class of peons. The term was coined by O. Henry, an American humorist and short story writer, in reference to Honduras. "Republic" in his time was often a euphemism for a dictatorship, while "banana" implied an easy reliance on basic agriculture and backwardness in the development of modern industrial technology.
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Thursday, March 13, 2008
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