It is thus hardly surprisingly that the neoliberal capitalist order has given rise to a âGreat U-Turn,â an amazing growth in the spread between rich and poor that has accumulated in the course of the past 35 years largely as a result of sharp distortions that have taken place in the real economy.
The latest eruptions in the islands were in June 3rd 2008 when Cerro Azul on Isabela Island sent up a 60mts high lava fountain and as recently as April 2009 on Fernandina Island. There has been around 13 volcanic eruptions in the Galapagos Islands in the last 100 years. The Galapagos Archipelago is a chain of islands.
The GalÃ¡pagos Islands are some of the newest and youngest landmasses known. The majority of the islands were formed less than one million years ago. The most recently formed island is Fernandina, which is about 500,000 years old, making it the nearest island to the GalÃ¡pagos Hot Spot. Since Fernandina is still very young its volcano has recently erupted. An eruption took place in 1998.