Why a "banana republic" is not a good thing?

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Why a "banana republic" is not a good thing?

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The term “banana republic” was coined in 1901 to refer to a country which its economy was primarily dependant on the exportation of a limited resource like bananas but also recognized for the exploitation of workers, corruption and badly governed. In addition to outside influence by foreign characters and some thinking that laws didn’t apply to them, the term became to describe a politically and unstable country plagued by benefiting only those at the top. So, if someone at work says the U.S. is becoming a “banana republic” in the 21st century, how do you respond?  

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