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Well for one, it's a nation, which is a legal fiction. Haiti and Haitians are not the same thing. That is to say all the previous action of said nation, includi
by brnaftr361 4y ago
Well for one, it's a nation, which is a legal fiction. Haiti and Haitians are not the same thing. That is to say all the previous action of said nation, including the accrual of debts, hadn't ought to be a real liability to the Haitian people. It's precisely inheriting your parent's debt on a magnitude that is baffling. Moreover if one examines the rate of interest it's quite probable that the sum total of principal has been paid. Finally, they had ought to be allowed to default. Risk is one of the reasons given to justify interest, if the lender isn't actually accepting risk, the interest should be close to nothing. If anything such debts had ought to be forgiven simply as a product of the moral imperative of noblesse oblige.
What it really is, is a smokescreen for imperialism to keep the capital gradient in check and forward the Western agenda.