Haiti was forced to pay France for its freedom. When they couldn’t afford the ransom, France (and other countries, including the United States) helpfully offered high-interest loans. By 1900, 80% of Haiti’s annual budget went to paying off its “reparation” debt. They didn’t make the last payment until 1947. Just 10 years later, dictator François Duvalier took over the country and promptly bankrupted it, taking out more high-interest loans to pay for his corrupt lifestyle. The Duvalier family, with the blind-eye financial assistance of Western countries, killed 10s of thousands of Haitians, until the Haitian people overthrew them in 1986. Today, Haiti is still paying off the debt of an oppressive dictator no one would help them get rid of for 30 years.
via boingboing.net
This would be a good time for the United States and other western countries to do the right thing for Haiti. Sadly, we probably won’t, but it still would be nice.
Lots of good linkage in the accompanying post.
