Wednesday, December 24, 2003

Well, yeah, that was obvious

But here it is in print for you, anyway...

The Kissinger transcript proves that the US gave money and political encouragement to the generals' murderous campaign. And yet, despite its now irrefutable complicity in Argentina's tragedy, the US has opposed all attempts to cancel the country's debt. And Argentina is hardly exceptional. The US has used its power in the International Monetary Fund and World Bank to block campaigns to cancel debts accumulated by apartheid South Africa, Marcos in the Philippines, Duvalier's brutal regime in Haiti and the dictatorship that sent Brazil's debt spiralling from $5.7bn in 1964 to $104bn in 1985.

The US position has been that wiping out debts would be a dangerous precedent (and rob Washington of the leverage it needs to push for investor-friendly economic reforms). So why is Bush so concerned that "the future of the Iraqi people should not be mortgaged to the enormous burden of debt"? Because it is taking money from "reconstruction", which could go to Halliburton, Bechtel, Exxon and Boeing.
  article

....but hey, do what you want....you will anyway.

No comments:

Post a Comment

Comments are moderated. There may be some delay before your comment is published. It all depends on how much time M has in the day. But please comment!