Damned by Debt Relief challenges the Live8-G8 debt relief jamboree. Eloquent and angry Ghanaians cut through the spin and explain; debt relief provided no new money and draconian conditions applied. . .
Damned by Debt Relief challenges the Live8-G8 debt relief jamboree. Eloquent and angry Ghanaians cut through the spin and explain; debt relief provided no new money and draconian conditions applied. . .
August 19th, 2009 at 9:15 pm
We don’t owe them “aid”. We owe them compensation damn it.
August 19th, 2009 at 9:47 pm
I appreciate this video so much. Frank and direct about the problems with governmental approaches to poverty reduction. There is a great approach to help but it takes going there, and INVESTING, EMPOWERING, and CULTIVATING basic business creation. The governments are influenced by academics and they do great research, but business creation must be done by business people. That’s what we do, and it works very powerfully. These guys are rightfully angry. Most “aid” money is wasted.
August 19th, 2009 at 9:55 pm
Loans are granted to Pakistan but are not monitored/audited to see the completion of the project they are sanctioned for. Pakistani ruling class & govt departments eventually eat up the entire sum. Are these loans granted to promote hypocrisy, gradually leading to fake inflation, injustice & poverty? The end result nowadays is reaction in the form of suicide bombing & destruction due to the problems mentioned. Kalabagh Dam & many projects are just a dream due to this attitude of IMF & World Bank
August 19th, 2009 at 10:12 pm
Why is the west wasting money on projects which do not reduce poverty in Africa. Can someone tell me please?
August 19th, 2009 at 10:28 pm
” Can someone tell me please? “Sure - to keep their raw materials flowing to the West. Africa exports 1 trillion in raw materials every year (gold, diamonds, platinum, oil, etc.) and receives 1/4 trillion in ‘donor aid’ every year. This goes to corrupt local elites and running huge gvt bureaucracies, so they will not nationalize their mines or redistribute land to their own people. That is why the west is rich, and African people are poor.
August 19th, 2009 at 11:26 pm
Reinvest profits from mining and raw materials in agriculture, infrastructure and manufacturing, and building capacity (universal healthcare and education, education for farmers, civil servants and professionals), and Africa does not need ‘donor aid’ or any aid at all. ‘Donor aid’ is part of a shell game, where the wests receives Africa’s raw materials free of charge (no taxes, no profit sharing) and returns a quarter of that money, with strings attached to keep the exploitation going.
August 20th, 2009 at 12:04 am
For goodness sake please give Africans the credit that they know what is best for themselves. Stop this belief that decisons which are made in the western board room are best for Africa. What is wrong with researching the needs of people and fulfilling those particular needs. Please stop this pretence.
August 20th, 2009 at 12:37 am
when europeans colonized africa, they chopped up most natural borders and replaced them with false lines: DIVIDE & RULE. then, they put up puppet regimes, then screwed the people and blamed them for being screwed up. just look at african-americans: whites facilitate their problems then point and say, “look, they’re f-d up!” i know, i’m white and live in the southeastern us (60% black).
August 20th, 2009 at 1:36 am
problem in africa is their (no)ledership…coruption mix with politicts…and tribal lines beeing put above national interest..no real leders were born in africa in the last 100 years…
August 20th, 2009 at 1:53 am
It is unbelievable that so many strings are attached to debt relief. You don’t see westerners going in to banks for loans and being asked if they are using birth control - why do they force these draconian measures on people who really need money and don’t simply want to buy a new four-wheeler? You don’t see strings being attached to victims of hurricanes or tsunamis: victims such as these aren’t forced to fill out target forms to make sure they are rebuilding on target…