Africa ‘subsidises’ the rest of the world to the tune of $41bn (£32bn) a year, according to a new analysis of the amount of money flowing in and out of the continent. >The Honest Accounts 2017 report by Global Justice Now, the Jubilee Debt Campaign and other groups estimated the total amount going into sub-Saharan Africa at $161.6bn, while the total amount going out was put at $202.9bn. >The outflows included debt repayments by governments and the private sector, multinational company profits, the ‘brain drain’ effect, illegal logging, fishing and poaching, and costs associated with climate change, a problem largely caused by Europe, America and other developed countries. independent.co.uk/news/world/africa/africa-subsidises-world-billions-a-year-say-campaigners-a7754041.html
This is actually an interesting topic. Bumping for discussion.
Angel Rivera
Reminder that France's former colonies have to pay a “colonial debt”. The newly countries are forced to pay for the country's infrastructure that France takes credit for building during colonization and they have to deposit their national monetary reserves into France's central bank.
Ian Kelly
Firstoids has been stealing from underdeveloped nations for ages. Everyone knows it. Africa for them is just another cow that's easy to milk because it's ruled by idiots who are ready to sell their country for pennies
Charles Powell
>brain drain literally no one wanted the niggers and now we're to blame for them coming even for third-worldist bait this is shit-tier
Brody Jenkins
>money flowing out of Africa = Africa subsidises the rest of the world there's nothing to discuss, you're retard
Camden Young
Fuck mines.
Justin Hughes
I merely copy pasted the title. But you get the gist of it. Such major capital outflow deprives African governments of the ability to mobilise domestic resources and have a material impact on economic development.
Connor Murphy
Yes lol, it reminds me of this. >In 1825, France, with warships at the ready, demanded Haiti compensate France for its loss of slaves and its slave colony. In exchange for French recognition of Haiti as a sovereign republic, France demanded payment of 150 million francs. Literally: >be Haitian slave >free yourself >pay reparations for freeing the slaves
Brayden Turner
>deprives African governments of the ability to mobilise domestic resources then how come they are god-tier when it comes to mobolizing fat stacks into their own pocket?
Nathan Garcia
Colonizers are sick in the head.
Easton Perez
still better than shit across the skin
Caleb Rogers
>The outflows included debt repayments by governments and the private sector how is that a subsidy lmao. let me guess that's 95% of the outflow too
Cooper Powell
Could've opened the article, faggot. And yes, the title of the article is quite awkwardly phrased.
Africans can't make use of their resources, so whites and asians are going there to do it in their place.
Brody Evans
Free yourself by killing every single white person you can find on the island, put on their outfits and let your society slowly collapse and turn the richest port in the Caribbean into an actual piece of Africa in the western Hemisphere. The those poor Haitian slaves quickly and go invade the Dominican half of Hispaniola, which isn't a massive shithole like Haiti because they didn't kill every white they saw. Infact the Haitian revolution practically justified jim crow and slavery in America imagine you were a white southerner and you heard about Haiti. Yeah I would whip them harder tool.
Jordan Jackson
because white people stole their technology
Connor Johnson
at this point I'm not sure if this kind of post are just meta/ironic or real
the fact that it's posted a dirty 50 iq goatfucker make it hard to see if someone actually belive that
Jeremiah Murphy
should we deport all africans back ?
Isaac Murphy
As someone who's not interested enough to actually research the topic, in the absence of a counterpoint on your part I'll consider his post as truth.
Ayden Martinez
Yes, let's talk about Africans "making use of their resources." Because right now in Africa the dominant economic powers play their parts in selectively promoting certain industries while keeping access to the technology necessary to carry out the process of industrialization strictly out of the hands of indigenous firms.
They do this largely through development banks like the World Bank and IMF, on which many African nations are totally dependent. Many African nations have a great deal of natural resources, but private African firms lack the capital necessary to extract them. The natural wealth of these countries cannot be exploited, and their governments are lacking in revenue, which they need simply in order to administrate their nations — provide regulation, stem uprisings, maintain infrastructure, etc. The government then takes on loans from these development banks, who impose stringent conditions on said loans: namely, that their nations must have very low corporate taxes, particularly on direct investment from foreign firms, severely limited or nonexistent tariffs, and ban tech-sharing agreements between foreign and local firms.
The effect of these conditions is that foreign firms are the only ones with the capital necessary to exploit Africa's material resources, and thus have almost unrestricted access to its wealth, while indigenous firms are not permitted to compete through either technical knowledge-sharing programs, infant industry protection via tariffs, or government subsidies. The way things are right now (and how they've been thorough the era of neo-colonialism), even discussing the possibility of Africans "making use of their resources" is a pipe dream.
And for a bit of independent research, read about coups that ensued whenever a ruler who have refused foreign "aid" came to power. Sankara, for starters.
Luke James
Talk about the electronic trash that Europe send to Congo to have their cleans cities
Brandon Cox
Sylvanus Olympio, the first president of the Republic of Togo, a tiny country in west Africa, found a middle ground solution with the French. He didn’t want his country to continue to be a french dominion, therefore he refused to sign the colonisation continuation pact De Gaule proposed, but agree to pay an annual debt to France for the so called benefits Togo got from french colonization. It was the only conditions for the French not to destroy the country before leaving. However, the amount estimated by France was so big that the reimbursement of the so called “colonial debt” was close to 40% of the country budget in 1963.
Then Olympic refused and decided to get France out of FCFA but he was later killed by an ex French legion.
The financial situation of the newly independent Togo was very unstable, so in order to get out the situation, Olympio decided to get out the french colonial money FCFA (the franc for french african colonies), and issue the country own currency. On January 13, 1963, three days after he started printing his country own currency, a squad of illiterate soldiers backed by France killed the first elected president of newly independent Africa. Olympio was killed by an ex French Foreign Legionnaire army sergeant called Etienne Gnassingbe who supposedly received a bounty of $612 from the local French embassy for the hit man job.
Justin White
>and let your society slowly collapse and turn the richest port in the Caribbean into an actual piece of Africa in the western Hemisphere. Alright, let's discuss some factors that might've led to that that don't boil down to "muh niggers bad." (I'll copy paste an older post of mine because I've had this exact discussion few times already so I can't bother retyping, but I'm more than willing to discuss it further)
For starters, in 1804, when Haiti achieved its freedom from France, the United States refused to recognize the country. The US continued to refuse recognition to Haiti for 60 more years. Why? Because the US continued to enslave millions of its own citizens and feared recognizing Haiti would encourage slave revolution in the US.
And after the 1804 revolution, Haiti was the subject of a crippling economic embargo by France and the US. US sanctions lasted until 1863. France ultimately used its military power to force Haiti to pay reparations for the slaves who were freed, and the reparations were 150 million francs. (for reference, France sold the entire Louisiana territory to the US for 80 million francs)
Haiti was forced to borrow money from banks in France and the US to pay reparations to France. A major loan from the US to pay off the French was finally paid off in 1947. The current value of the money Haiti was forced to pay to French and US banks? Over $20 Billion.
Then the US occupied and ruled Haiti by force from 1915 to 1934. President Woodrow Wilson sent troops to invade in 1915. Revolts by Haitians were put down by US military, killing over 2,000 in one skirmish alone. For the next nineteen years, the US controlled customs in Haiti, collected taxes, and ran many governmental institutions. God knows how many billions were siphoned off by the US during these 19 years.
Cont.
Samuel Martinez
Then from 1957 to 1986 Haiti was forced to live under US backed dictators “Papa Doc” and “Baby Doc” Duvalier. The US supported these dictators economically and militarily because they did what the US wanted and were politically “anti-communist” — now translatable as against human rights for their people. Duvalier stole millions from Haiti and ran up hundreds of millions in debt that Haiti still owes. Ten thousand Haitians lost their lives. Estimates say that Haiti owes $1.3 billion in external debt and that 40% of that debt was run up by the US-backed Duvaliers.
F*rst-worlders also genocided native Arawakan and Taino tribes, which isn't really important in this entire story but I'll mention it anyway.
Anyways, if you take into account all of these unfortunate circumstances, I'd say it's outrageous Westerners even have the audacity to talk about muh poverty in Haiti as some proof of Haitians' supposed inferiority. Btw colonizers got what they deserved in the 1804 revolution.
Kevin Nguyen
How can you reply to a totally made up claim with zero citation?
Also let's not forget Haitians, pretty much said fuck it to human rights and the population were still slaves and freed blacks from America thought Haiti was too shitty. Imagine that you are just a slave and are freed and you are sent to Haiti and think it's too shitty. They were better off being slaves. Black people cannot run society.
Julian King
>They were better off being slaves. Black people cannot run society. Hey user, are you just going to ignore these two posts? :-)
Landon Gutierrez
>Yes, let's talk about Africans "making use of their resources
LEt´s talk about the wars on Congo fostered by western companies wanting their coltan
Jordan Smith
bumo
Hunter White
It is remarkable how the West is going apeshit over some minor shit like old church getting burned or some women getting murdered on their hiking trips through no-go zones, while probably reading about it on their phones containing Coltan, mined by children in war torn areas of the Congo, manufactured in Chinese factories with suicide nets around them.
Btw the situation in Congo reminds me of the Anglo-Iranian Oil company in Iran that ended up funding a coup with the help of the CIA.