Debt Peonage

Haiti and the Debt of Independence

October 23, 2022 UNAC Editor Colonialism, Democracy and Consent, Economic Collapse, Haiti, Imperial greed, Indigenous peoples, International Aid and Debt, Racism

by Yves Engler, published on Countercurrents, September 4, 2022 In the vast history of imperialist exploitation few episodes match the depravity of Haiti’s debt of independence. Military blackmail of a small country by a superpower, prioritizing “property rights” over human rights, racial capitalism, a sellout “light skinned” local bourgeoise and the way our past haunts the present are all part[…]

A Monetary Reset Where the Rich Don’t Own Everything

May 4, 2022 UNAC Editor Austerity, Capitalism, Economic Collapse, International Aid and Debt

by Ellen Brown, published on Scheerpost, May 4, 2022 In ancient Mesopotamia, it was called a Jubilee. When debts at interest grew too high to be repaid, the slate was wiped clean. Debts were forgiven, the debtors’ prisons were opened, and the serfs returned to work their plots of land. This could be done because the king was the representative[…]