[Previous entry: "Five Tried for Italian Banker's '82 Death"] [Next entry: "San Antonio Proudly Lines Up Behind the Military Recruiter"]

10/07/2005:

"Exploiting Africa"

Britain was the principal slaving nation of the modern world. In The Empire Pays Back, a documentary broadcast by Channel 4 on Monday, Robert Beckford called on the British to take stock of this past. Why, he asked, had Britain made no apology for African slavery, as it had done for the Irish potato famine? Why was there no substantial public monument of national contrition equivalent to Berlin's Holocaust Museum? Why, most crucially, was there no recognition of how wealth extracted from Africa and Africans made possible the vigour and prosperity of modern Britain? Was there not a case for Britain to pay reparations to the descendants of African slaves?

These are timely questions in a summer in which Blair and Bush, their hands still wet with Iraqi blood, sought to rebrand themselves as the saviours of Africa. The G8's debt-forgiveness initiative was spun successfully as an act of western altruism. The generous Massas never bothered to explain that, in order to benefit, governments must agree to "conditions", which included allowing profit-making companies to take over public services. This was no gift; it was what the merchant bankers would call a "debt-for-equity swap", the equity here being national sovereignty. The sweetest bit of the deal was that the money owed, already more than repaid in interest, had mostly gone to buy industrial imports from the west and Japan, and oil from nations who bank their profits in London and New York. Only in a bookkeeping sense had it ever left the rich world. No one considered that Africa's debt was trivial compared to what the west really owes Africa.
zmag.org