Amazon Africa World Press Books Category:  Political Science Publisher: Africa World Press ISBN-10:  1592214657 Type: Non-Fiction Pages: 192 Copyright: 2007 ISBN-13: 9781592214655 “In-Dependence” From Bondage is a book about the ideas of the well-known novelist, and poet, Claude McKay and that of another well-known Afro-Caribbean, Michael N. Manley. It examines global oppression of the black poor in the current epoch and calls for uprising… resistance. Excerpt The point is, the nationalist elites collaborated with the U.S./IMF/World Bank in usurping the democratic rights of the people in the process of borrowing, thus tightening the North’s noose of imperialism around the neck of the African Diaspora’s economy.

“DEBT RELIEF IS A TROJAN HORSE”! EXCERPTS FROM THE BOOK
“The debt burden of the African Diaspora along with that of the entire Global South is rising rapidly and is one explanation for the decline in overall human development illustrated with United Nations data and explained… Unwise borrowing and investments in wrong projects by some of the African Diaspora’s elites is one explanation for the current debt burden. p.147

“[T]he historical evidence, since 1948, is readily available to show that American capitalism was not warmly welcomed by the African Diaspora. It was forcibly imposed in many countries through military interventions, political assassinations and destabilization carried out by the U.S. military and Central Intelligence Agency under the guise of routing out ‘communism'in the Third World during the Cold War era. Some of the loans, which are now the source of the South’s debt burden, may well have been granted to the petite bourgeoisie and compradors in the black Diaspora as reward money for their capitulation to American elites capitalism during and after the Cold War.

Thus under such circumstances, morally the African Diaspora’s poor should not be asked to repay “reward” loans. Further under the system of Western political democracy, it is unlikely that the people who are now being asked to repay these loans knew anything about the conditions of the agreements or when their corrupt elites were negotiating with the IMFund/World Bank.

The point is, the nationalist elites collaborated with the U.S./IMF/World Bank in usurping the democratic rights of the people in the process of borrowing, thus tightening the North’s noose of imperialism around the neck of the African Diaspora’s economy.

Both the World Bank and the IMF are instruments of imperialism for the North’s elites. Thus the promise of debt relief is a “gift horse” that must be looked in the mouth. Its benevolent bearers are emissaries of capitalism making sure that the political environment in the black Diaspora remains welcoming to more foreign investments. In this regard, the debt relief “gift horse” is
another “Trojan horse,” designed to make sure that the African Diaspora does not escape from its globalization bondage. P.154