Mitu Gulati and Ugo Panizza on Haiti’s Odious Post-Colonial Debt
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 26 August 2021
⏱️ 45 minutes
🧾️ Download transcript
Summary
Nearly 200 years ago, the colonialist French power granted independence to Haiti. But it did so under the brutal condition that it pay 150 million francs in exchange for its freedom. This was a staggering sum that imposed a staggering imposition on the Haitian economy. And there's good reason to believe that that initial debt contributed to the ongoing poverty in the country. On this episode, we speak with law professor Mitu Gulati and economist Ugo Panizza about this odious debt, the significance of this burden, and the ongoing efforts for Haiti to obtain reparations.
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| 0:54.0 | Hello and welcome to another episode of The All Thoughts Podcast. |
| 0:57.4 | I'm Tracy Alloway. |
| 0:59.1 | And I'm Jill Wyzenthal. |
| 1:01.4 | Joe, it feels like there's a lot of terrible things happening in the world at the moment. |
| 1:07.7 | Yeah, the news has been pretty grim between the virus, Afghanistan, natural disasters. |
| 1:16.3 | I would agree with your assessment. |
| 1:19.2 | Yeah, and I think the sort of pace of the bad news means that a lot of stuff is kind of getting |
| 1:25.8 | buried in the news cycle very quickly after it happens. |
| 1:28.8 | So we're recording this on August 17th. |
| 1:33.7 | Just a few days ago, there was a massive earthquake in Haiti. |
| 1:39.0 | I think more than 1,000 people are believed to be dead. |
| 1:42.2 | But that death toll is probably going to go up some more. |
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