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Economics

New friendship or new colonialism?

The Caribbean Must Play Its China Card Wisely

By Commentaries/Opinions

The growing competition between Washington and Beijing for influence offers opportunity and perils. By Mac Margolis, Bloomberg — In his recent swing through Latin America, U.S. Secretary of State Mike Pompeo had some stern words for regional leaders about Chinese bearing gifts. “Malign practices,” “predatory loans,” envoys toting “bags full of money” to bribe officials: Such were the hazards of consorting with the would-be mandarins of the Americas, he said…

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"It is transnational corporations, the stand-ins of yesterday's British empire—often aided by an enthusiastic national bourgeoisie—that have robbed the Ghanaian people of sovereignty over their resources, their wealth, and their future," writes Celina della Croce.

98.3 Percent of Ghana’s Gold Remains in the Hands of Multinational Corporations

By News & Current Affairs

The disproportionate focus on corruption of national leaders distracts from the systemic theft of national wealth by multinational corporations By Celina della Croce — Every year, the vast majority of Ghana’s natural wealth is stolen. The country is among the largest exporters of gold in the world, yet—according to a study by the Bank of Ghana—less than 1.7 percent of global returns from its gold make their way back to the Ghanaian…

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Abraham Lincoln

One Way to Make Reparations Work

By Editors' Choice, Reparations

By Noah Smith, Bloomberg — The issue of reparations for African Americans is, of course, full of more moral and historical issues than one column, even by someone with much greater understanding and deeper knowledge than me, could ever resolve. But since the proposal is now being taken seriously, it’s worth thinking about the economics of how it could and should work. The idea of compensating the descendants of American…

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Nov 26th Edition of Vantage Point Radio: Slave Conditions In Sugar Land, A Social Contract for Working People

By Vantage Point Radio, Video/Audio

Topics: Slave Conditions In Sugar Land: The Modern Convict Lease System • A New Social Contract for Jobs and Working People • Preview of New York African Diaspora International Film Festival. Guests: Cathy Albisa (Exec.Dir., National Economic and Social Justice Initiative, New York, NY), Atty. Darryl Scott (Social Justice Advocate, Houston, TX) and Maurice Carney (Exec. Dir., Friends of the Congo, Washington, D.C.)

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