November 22, 2009
UTNE READER

A Noose, Not a Bracelet

(Page 2 of 2)

June 23, 2005
Naomi Klein The Nation 
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As world leaders prepare for the G8 summit in Scotland, Klein pushes a timely issue. The 'tremendous profitability of the current arrangement' is what keeps Africa in debt, she says. 'Africa is poor because its investors and its creditors are so unspeakably rich.'

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Debt cancellation might ease a burden, but leaves states subject to the same 'lethal economic policies' that allowed multinational corporations, not people, to benefit from the resources of a land in the first place. -- Julie Hanus

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