by IIRE Fellow James Cockcroft
The military coup currently underway in Honduras is a hard coup accompanied by various vain attempts to make it appear soft and "constitutionalist." Behind the coup are diverse social, economic, and political forces, of which the most important is the administration of President Barack Obama. No important change can happen in Honduras without Washington's approval. The Honduran oligarchy and transnational corporations (banana growers, pharmaceutical manufacturers) are defending their interests, as they always have, with a military coup.