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Haiti's 'Odious Debt' Must Be Completely and Unconditionally Cancelled


World  (tags: haiti earthquake, exploitation, history, political and economical exploitation, debt, cancellation, US, France, compensation, reconstruction, anti-slavery, anti-colonialism, Committee for the Abolition of the Third )

Naoko
- 1763 days ago - pambazuka.org
Eric Toussaint and Sophie Perchellet criticise mainstream commentary on Haiti for failing to look beyond the earthquake and ask where Haiti's poverty is rooted. They depict the historial passage of political and economical explotation and individual greed



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Comments

chris b. (2474)
Friday January 29, 2010, 12:54 am
Sadly another legacy of Western Colonialism which does not make me proud of being a Brit. Sadly America has still to move away from European style colonialism and this is a golden oportunity for her to to do so in the aftermath of the disasterous earthquake. Cancel the debt globally and help in an international effort to restore Haiti and its democratic structure as well as it's physical infrastructure, not impose any more colonial rule by economic strangulation on it!
 

Rianne ten Veen (79)
Friday January 29, 2010, 12:06 pm
We could afford to bail out our banks to the tune of billions, but plan so far for Haiti as I understand it is not for debt (run up by previous regimes) to be cancelled, but for new LOAN to be offered...'nice'.
 

sherrie e. (147)
Friday January 29, 2010, 12:36 pm
I don't know how justice will be done with a corrupt government system over there. The aid the rest of the world is sending isn't even reaching the neediest and what about the cold, hard, cash....millions of $$$ being directly sent there??? And they say France and the US exploit the country? Sounds like a political mess to me.
 

M N. (0)
Friday January 29, 2010, 12:38 pm
To start things off I think that France should re-imburse the billions of dollars that it collected from Haiti from 1825 to 1947 as payment to the slave owners who lost their land and animals and slaves when Haiti fought and won independance. This was an illegal act even in 1825 and is what has led to the extreme poverty in Haiti even before the corrupt dictators and natural disasters.
 

FRANk C. (0)
Friday January 29, 2010, 3:19 pm
I am sorry to say, but with the corrupt government in Haiti, forgiving the debt would do nothing for the people of Haiti. It is better to bring aid and pass it out so that it is more likely the right people will get it. I think it is a terrible idea to forgive the debt and reward the wrong people.
 

Tom W. (24)
Friday January 29, 2010, 3:19 pm
HOW MANY more times are we going to cancel out all the loans and debts of Haiti's corrupt governments.

During this emergency we should suspend payment and interest of the already existing defaulted payments.
Fund and support any relief and temporary housing and orphanages and make get them on their feet to start looking after their own people instead of ongoing ritual slavery, drugs, and prostitution.

We have starving people in America and Infrastructure falling apart.

We have a private profit making medical insurance system people cannot afford.

We have two ongoing wars the other side of the world we should not be supporting.

We are buying crap and shit merchandise from China - A country ready to spread its people to other lands with the largest Military known to mankind.

WE CANNOT AFFORD BEING BENEVOLENT WITHOUT OUR OWN RUIN AND FINAL DEMISE.

We can NO LONGER continue to nurse and fund prolific countries who refuse to care for their own and let the leaders bulge their pockets and Swiss Bank Accounts - OMG - GET REAL - BECOME SANE
 

Charley H. (0)
Friday January 29, 2010, 4:14 pm
oh boy
 

Sophie G. (22)
Friday January 29, 2010, 9:29 pm
Yes, well : Just the horrible proof that we only have rich people's deseases in the Northern world because we make the other half of our planet starve...
Of course, none of our political leader wish to be too loud about it.
It is positively disgusting.
A "debt".
Now, guess who's gonna pay that forever through karmic credit plan ?

 

Merv Gillespie (30)
Friday January 29, 2010, 10:31 pm

chris b. Greetings my friend, good comments re. Haiti. Donít feel bad about being a Brit, the mistakes made were generations ago and what country hasnít made them.

I believe France has more to answer for than the Brits for demanding the equivalent today of $21 billion in exchange for their recognition of Haiti as a sovereign nation and compensation for what was their former slave colony.

Between 2005 and 2009 Haiti's total external debt was cancelled by some $1.8 billion leaving them a current debt burden of $1 billion.

Their economy is going backwards, they have little in the way of resources, their production sector has continued to shrink and their balance of payments from imports is more than double their exports.

It is one thing to cancel their remaining debt but I believe the most important issue facing Haiti into the future is that of good governance and strong leadership free from corruption. How can it be that 1% of Haitiís population controls 50% of the nations wealth?
 
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