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This is good, Haiti could have easily been a fairly competitive moderately sized economy but was financially ruined by French colonialism, american imperialism and the reprehensible debt they were forced to pay by France for the privilege of not being slaves.
Reasonable inflation adjusted reparations are likely to be more than present day France could afford but something would be better than nothing and would set a precedent for more in the future.
Based on a quick Wikipedia look up on this, it effectively took Haiti 122 years to pay of this debt with the final payment being in 1947.
The original debt was 150 million francs and while I couldn't immediately find an inflation calculator for francs that went back to 1825, I was able to convert it to USD and apply a USD inflation calculation to give a value of $7,155,188,451.38 USD which is 5,780,760,331.77 francs.
France was originally graceful enough to require the 150 million amount in five annually payments and was gracious enough to reduce the remaining debt in 1838 but I see no reason for anyone but the Haitians to decide if they would want to return the favor.
With a GDP of 3.2 million, that feels more than doable. France may have to cut their baguettes consumption but I believe in their ability to yank those bootstraps.
Not just a reasonable economy. They were one of the most profitable colonies in the whole world during slavery. All that wealth is currently locked-up in Europe.
Once you start looking at reparations for slavery and colonialism, you quickly realize it's a debt that the former colonizers will never be able to repay.
And to be honest, for wrongs that were committed over a 350+ year period, it doesn't make sense to repay a debt within a single lifetime.
So I agree with you, something would be better than nothing.
But it is important to make an inventory on what would be justly owed and what has been paid back to date and in what form. Perhaps this process should also last 350 years.
The numbers may sound big to us peons but I'm sure once calculated they'd be a fraction of the countries annually gdp. For the US it would probably only take pausing some military contracts. $40 million per jet adds up quickly and there would be knock on savings from maintenance that would not be required.
It's literally a lack of will and uses the same excuses that keep the 99% poor.
Think of the jobs that would be created trying to calculate each individual's owed amount.
Once you start looking at reparations for slavery and colonialism, you quickly realize it's a debt that the former colonizers will never be able to repay.
Why, because it would be as financially ruinous as the ones imposed on Haiti were?
Why did you side blur? We dont need that extra width.
I didn't do it; I just grabbed the pic from knowyourmeme.com
Yeah, and since repayment is probably a leftist policy, that would likely usher in far-right imperialist governments. Doesn't mean we shouldn't do some sort of sustainable payment-each-year over a long time.
Far-right imperialist governments are ushering in right now across Europe despite the scarcity of, as you say, leftist policies... Maybe it's because it's not about horseshoe theory, opposites attract and all that, so much as: capitalists strip away the democratic facade whenever their infinite growth model hits limits and so they try to cut corners, decrease regulation - Trump's latest deregulations are a striking example of that.
horseshoe theory
no i agree that is nonsense. but that's not what i'm saying, and i'm not calling anything far-left to begin with. horseshoe is not just people challenging incumbency by going with the rivals.
the scarcity of, as you say, leftist policies
that's not true, but let's assume it is and change that to liberal. you're right that such social stuff is more liberal than leftist. and studies have shown that in the global north it's a trend in challenging the incumbents—which have been liberal for a while—under the global covid economy problems, an incidental occasion driving the trend. now who do you think they'll vote for when the ruling government knowingly bankrupts its economy, which it has propped up as the system of life for millennia to support itself?
capitalists strip away the democratic facade whenever their infinite growth model hits limits and so they try to cut corners, decrease regulation
it's actually the opposite: whenever we're content with boons they take everything away, and then when all get poorer during recessions the consumer is comparatively powerless. take the roaring 20s, the gilded age. (and it's not like democracy is all just more regulation either. i trust that you have met rednecks and oppose the PATRIOT mass surveillance act.)
it’s a debt that the former colonizers will never be able to repay.
Even saying that is playing the slave owners game.
They MUST and WILL repay. If that happens before the year 2225 isn't my concern but the foundations of paying and the cashflow starting should be soon.
at the very least, even if reparations aren’t likely, if aid is needed after some kind of emergency then you can possibly get more by pointing and saying that the aid is just interest on what was taken
Didn't they overthrow them violently? They didn't buy independence .
Its been a while since I read about Haiti, but if I remember correctly, several years after haiti's revolution the french threatened them with warships demanding payment for the "loss of property" (aka slaves and stolen land) in exange of diplomatic recognition of their country and independence.
It's good that the head of state says so publicly. I won't exactly hold my breath for anything beyond this acknowledgement to happen, sadly.
We're coming up on the 1-year anniversary of Macron dissolving the French Parliament, which is when he will be legally allowed to dissolve it again. The last time he hoped to bolster his party by capitalizing on the country's reactance to the far-right surge in the (then-) recent European Parliament elections, but the left got their shit together and managed to form a coalition that arrived ahead of both the far-right and macron's party. This time around he seems to be courting the moderate left a lot harder: a few weeks ago he announced that France could formally recognize a Palestinian State later this summer, last week he courted American Scientists fleeing the Trump Administration, and now this.
It stinks of opportunism, and I don't trust him as far as I can throw him. Still, this is better than him not saying anything. It is a disgrace that France made Haiti trade their freedom on the basis of compensating for the market price of the former slaves, and has (to my knowledge) never given back a cent.
Opportunism indeed. Maybe he's thinking France needs any potential business allies in the future now that the US might be gone out of the picture, although the reconstruction of Haiti and building a consumption-happy middle-class there would take long time... If that's the case, it might be bound to remain a pale attempt compared to China showering investments into African and Asian infrastructure.
if anyone was curious of how much france needs to pay back:
They approximated that in total 112 million francs was paid in indemnity, which when adjusted for the inflation rate would be $560 million in 2022, but considering that if it had been invested in the Haitian economy instead, it could be valued at $115 billion.
(from Wikipedia)
and obviously, this is only from the debt. reparations for the enslavement of Haitians will cost much, much more
iirc most countries agreed to pay huge sums of money to the slavers, not to the slaves, when slavery was abolished
Yes.