A truckload of nonsense
http://www.guardian.co.uk/comment/story/0,3604,1505816,00.html
The G8 plan to save Africa comes with conditions that make it little
more than an extortion racket
George Monbiot
Tuesday June 14, 2005
The Guardian
An aura of sanctity is descending upon the world's most powerful men.
On Saturday the finance ministers from seven of the G8 nations (Russia
was not invited) promised to cancel the debts the poorest countries owe
to the World Bank and the International Monetary Fund. The hand that
holds the sword has been stayed by angels: angels with guitars rather
than harps.
Who, apart from the leader writers of the Daily Telegraph, could deny
that debt relief is a good thing? Never mind that much of this debt -
money lent by the World Bank and IMF to corrupt dictators - should
never have been pursued in the first place. Never mind that, in terms
of looted resources, stolen labour and now the damage caused by climate
change, the rich owe the poor far more than the poor owe the rich. Some
of the poorest countries have been paying more for debt than for health
or education. Whatever the origins of the problem, that is obscene.
George Monbiot
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