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Journalist and author Naomi Klein spoke in New York last night and addressed the crisis in Haiti: We have to be absolutely clear that this tragedy—which is part natural, part unnatural—must, under no circumstances, be used to, one, further indebt Haiti and, two, to push through unpopular corporatist policies in the interest of our corporations. This is not conspiracy theory. They have done it again and again.
Haiti was not born poor, but rather saddled with debt, first by the French and now by the United States. When the slaves fought for their independence in 1804, and won, the French punished them by demanding payment for damages (the equivalent of $21.7 billion in today’s dollars, or forty-four times Haiti’s current yearly budget, according to journalist Eduardo Galeano). Even as they began to pay that debt, France was the only country to recognize the newly independent Haiti, the country that transformed from a slave colony to an invisible, autonomous society. Yet, Haiti was never really free. No indebted country is ever free as debt takes the place of shackles.
The United States began its occupation of Haiti in 1915 when Woodrow Wilson sent 330 U.S. Marines to Port-au-Prince. The reason for the invasion, according to the Secretary of the Navy, Admiral William Deville Bundy, was to “protect American and foreign” interests. Of course, the public was told the purpose of the mission was to “re-establish peace and order.” Sound familiar?
trueslant.com...
US President Barack Obama has offered Haiti 100 million dollars in immediate earthquake aid to Haiti. International Monetary Fund chief Dominique Strauss-Kahn has announced that the fund will provide the same amount
The IMF money is to come from an extension of an existing loan to Haiti. The loan extension requires executive board approval which he promised would be given “very rapidly and in co-ordination with other agencies."
www.rfi.fr...
Dearden said it was "completely inappropriate" for international institutions such as the IMF to be making new loans which would only saddle Haiti with more debt.
The IMF said on Thursday it would increase Haiti's existing loan program by $100 million to help it recover from the earthquake.
Haiti received $1.2 billion debt relief from the IMF and World Bank last year, but campaigners say it still has more than $600 million in debt on its books.
"Not only is lending the wrong solution for Haiti, but the IMF's loans come with conditions," the JDC said. "Haiti is still suffering as a result of conditions applied to its economy in the past."
ca.news.yahoo.com...
According to the document, as a condition for releasing the next tranche of the loan, the IMF has required Ghana to implement full cost recovery in public utilities, and requires the country’s independent Public Utility Regulatory Commission to develop an automatic tariff adjustment formula for electricity and water.
Loan conditions imposed by the IMF and World Bank on Ghana mandated a 95% hike in water fees in May 2001. The new IMF conditions would mean that additional price hikes will be planned.
The World Bank and IMF policies, for a number of years, have been pushing the government of Ghana to increase consumer fees for water and lease the water system to transnational water corporations.
www.twnside.org.sg...
Originally posted by plumranch
Am I correct in paraphrasing that you are concerned that the US and IMF (France, Germany, China would be included) will be giving or loaning Haiti huge amounts of funds and there are certain string that will certainly be attached, we just don't know what they are yet. Please correct me, you posted a lot of material.
Journalist and author Naomi Klein spoke in New York last night and addressed the crisis in Haiti: We have to be absolutely clear that this tragedy—which is part natural, part unnatural—must, under no circumstances, be used to, one, further indebt Haiti and, two, to push through unpopular corporatist policies in the interest of our corporations.
Originally posted by plumranch
reply to post by ModernAcademia
Journalist and author Naomi Klein spoke in New York last night and addressed the crisis in Haiti: We have to be absolutely clear that this tragedy—which is part natural, part unnatural—must, under no circumstances, be used to, one, further indebt Haiti and, two, to push through unpopular corporatist policies in the interest of our corporations.
I did listen to most of Naomi's concerns and they are to me just plain ungrounded. How could any country, corporation, or entity take advantage of the Haitians? There is no profit to be had anywhere in the country. Haiti is by far and away the poorest country in the Western Hemisphere. Not a small lack of accomplishments!
Originally posted by Someone336
IMO the IMF needs to be dismantled and criminal charges be brought against them. It's an elaborately brilliant ploy: for the First World to exist, there must be a Third World. The way to keep developing nations dirt poor? Bankrupt them. The IMF loans them money that they could never possibly pay back, keeping a cycle of debt going. The consequence? Internal instability, keeping them forever underneath the First World. The side effects? A disenfranchised populace with nowhere to turn can find solace in the arms of radical ideology as a means to strike back at their oppressors. Of course, this leads to Western military deployment, bringing in a whole new wing of eager money making machines ready to benefit from the latest crisis.
Originally posted by FritosBBQTwist
I believe the U.S will not be asking for any money returned, but a stake in "Haiti" itself.
Link:209.157.64.200...
France has asked the Paris Club of creditor nations to speed up the process of canceling Haiti's debt.
France's Economy Minister Christine Lagarde says she has contacted other members of the Paris Club to accelerate the cancellation of Haiti's debt of nearly $78 million.
Haiti did owe $84 million. But Lagarde says about $6 million has been canceled since Tuesday's devastating earthquake.
France chairs the Paris Club, which in July agreed to cancel most of the debt owed by Haiti, the Western Hemisphere's poorest country.
In addition to France, the Paris Club includes the United States, Britain, Japan, Russia, Germany and 13 other countries.
On Thursday, French President Nicholas Sarkozy called for an international conference on rebuilding Haiti, a former French colony.
France has sent planeloads of emergency aid and rescue teams to Haiti. Mr. Sarkozy said he plans to visit Haiti in the coming weeks.
France also Thursday said it is suspending deportations of illegal Haitian immigrants, and will temporarily open its borders to earthquake victims who need help.
Originally posted by FritosBBQTwist
I believe the U.S will not be asking for any money returned, but a stake in "Haiti" itself.
But that might be a good thing not only for the U.S but the Haitians as well (besides losing part of their country).
If the U.S has any control over it I feel like Haiti would become much more prosperous than what it is now, unless of course the U.S has some natural resources they want to dig out then it will become a hell hole.
Originally posted by plumranch
reply to post by ModernAcademia
I did listen to most of Naomi's concerns and they are to me just plain ungrounded. How could any country, corporation, or entity take advantage of the Haitians? There is no profit to be had anywhere in the country. Haiti is by far and away the poorest country in the Western Hemisphere. Not a small lack of accomplishments!
Haiti will be the recipient of ongoing grants, gifts, loan forgiving, pouring money away, etc. for many years to come. Haiti is the poorest and most likely of nations to be helped and gifted thanks to the benevolence of the Western World (opps forgot the Chinese!)