Sent to you by moya via Google Reader:
via guerrilla mama on 1/15/10"Haiti was isolated: no diplomatic recognition, official embargoes on trade. "You don't really exist," said the French. And the Americans. And the British. And the Spanish. The economy foundered. Then the Bourbons started making noises about re-conquering the island. Finally, in 1825, the Haitians signed a deal with France: recognize us diplomatically, call off the gunboats, and in return we will reimburse you for the loss of us as your slaves. The price? One hundred and fifty million francs. Haiti spent the next 122 years paying off that indemnity. The final installment was in 1947. Nineteen forty-fucking-seven. The entire history of modern Haiti is about paying off that goddamn debt. They borrowed money from European and American bankers to make the installments, took out more loans to pay the interest, and the whole thing turned into a century-long bankrupting of the country. Imagine a giant straw jammed into the Haitian economy, with white bankers sucking hard on the other end for a hundred-plus years, and that's the story of Haiti. The U.S. even occupied the country for awhile to make sure the goddamn money kept coming. Gotta make those debt payments. By the time Papa Doc Duvalier came to power in 1957, Haiti was a hollowed-out mess."
- Reclusive Leftist (via marnalicious:-smart-tart-) (via misterjt) (via gamesockson) (via jhnbrssndn) (via sallyonwards) (via bowfolk)