Bananamismo
Nationalism without a country
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Despite all the nationalistic "proud of Panama" crap flying around, the sad truth is that they can't even get their own coat of arms right in this country.
Politics
Panama, towards a hollow state
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Usually, the process of becoming a hollow state is the result of non-state actors; the narco-gangs in Mexico or the Taliban. By attacking the state, they turn the government into an empty shell. In Panama however, it is the government itself that is hollowing out the state, and the process is now irreversible.