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Article says they paid off the debt in 1947 and most of the divergence with DR is after.
by lordnacho 4y ago
Article says they paid off the debt in 1947 and most of the divergence with DR is after.
- cowpig 4y agoSurely the historical context is important in understanding how things came to be? If an export-based economy is cut off from international trade because it isn't recognized as a nation, and also forced to pay off a massive debt, surely that influences the way it develops? Surely it discourages the evolution of sustainable systems and encourages unsustainable ones, similarly to how poverty creates those issues for individuals? Note that I am not claiming to know anything about Haiti's history, I've listened to the Revolutions podcast series on it and read a bit but I know very little. I am just pointing out that the "this didn't happen until later" doesn't necessarily explain away the impact of the way foreign countries treated Haiti.
- selimthegrim 4y agoIf you look at Noah Smith’s substack linked above in another comment he links to another post at the end contesting his somewhat and claiming if you look at the price data differently the divergence is quite manifest before.