Thread: 3rd world debt
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Old Oct 7, 2005, 06:15 am   #10 (permalink) (top)
SKipe
Sedimentary Rock
 
Posts: 9
Surely conditions are a waste of time? I say this for the following four reasons:

Firstly, they cannot be garaunteed. there is no reason to believe that a country is truly free of corruption, or that it is genuinely transparent. And even if it is, there is also no reason to expect that they won't return to corrupt practices once the debt has been cancelled.

Secondly, it is not the people who are corrupt who need to recieve the debt cancellation. as a matter of fact, it is the leader who are benefitting from corruption because of debt while the people at grass-roots level who need the debt to be cancelled are not getting it. The problem that i'm trying to express here is that the corrupt leaders of the countries are benefitting from corruption more than they would from debt relief, and thus they have no incentive to stop corruption in order to recieve this cancellation of debt. it is the people who are starving, who are not corrupt in the first place who need it.

Thirdly, it is an invasion of the soveriegnity of these countries. It is blackmailing them into following first-world policys in return for financial benefit. In effect it is bribing the countries who are suffering into becoming even more of puppets for the first world. the debat has always been a tool for the global north to control us, and these conditions perpetuate this.

Lastly it is hypocritical - the countries requiring us to be less corrupt or more transparent are themselves not following these rules. why should we be forced to adhere to these policies if they themselves dont? why should we be punished so devastatingly for failing in this regard if they do it everyday without consequence?
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