tv Documentary RT December 8, 2013 4:29am-5:01am EST
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now they are talking about canceling the debt as an act of generosity by controlling the country's resources. that date say debt is used to keep countries with natural resources under control. it is used to control countries in the southern hemisphere both politically and economically. today we've got less than five percent of the world's population living in the united states consuming almost thirty percent of the resources and roughly half the world is living in poverty close to starvation are actually stop arming that's a failure it's not
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a model it's not something that can be replicated in africa or india or latin america so it's a failed system we know that it's the failed system. like the world bank and the international monetary fund play a crucial role in the entire history of the debt crisis a fact that these two situations created in nineteen forty four began to lend on large scale developing countries in the sixty's. they had actually started in the fifty's. the real surge in loans explores in the sixty's. the roles of the i.m.f. and the world bank have changed radically since then it's all driven both institutions have become instruments of oppression. and control over new sovereign countries in the immense and via. the most typical way that economic hitman work is it will identify our country that has resources our corporations covet like
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oil for example and then arrange a huge loan to that country. for the world bank or one of its sisters. doesn't actually go to the country and goes to our own. in the democratic republic of congo is the most powerful. it's also one of the best examples the workings of the system since it was built one problem after another. represents the most emblematic of what we call the. realisations that have increased the country's foreign debt with objectives that have nothing to do with human or economic development but. today the congolese people have to pay for a station which was not built for them but to supply energy to the. two kilometers away. what i find appalling is the complicity of the multinationals of certain countries of businessmen and even of scientists who proposed this giant machine.
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but today we have reached a situation where we have to pay back the debt without necessarily having access to electricity. but the main problem that we face when we have financial institutions like the world bank or the international monetary fund when we debated the construction of the dam these institutions knew that we were going to use all the electricity nevertheless we were made to build the stand because it suited the big multinationals today it is the congolese people the little people who pay. for me this stead is odious we should repudiate it and we should even ask for compensation from all of these companies who brought us equipment that didn't work . ingo is an example of something that has not worked but it's also an example of an investment that can work you've mentioned in those three and for our interest
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in seeing that the existing investments in are actually used to generate electricity for the people see ultimately over time maybe this in future ingo can provide electricity elsewhere but we're not there yet right now the priority is getting to work. he did today was to link to the katanga mines there bypassing electricity through a high tension line which flies over most of the country have to. be so katanga could be biased at any time by cutting the interrupt in the lower congo. they want to. move we want an interest of the you know village after all it is ours. instead of the foreign countries are using it. and we who own the power find ourselves in darkness. what is happening is that angola south africa and butts
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wanna be the authorities with currencies swell the people of lower congas feel less interest. in this village like in all other villages the main difficulty is the electricity supply. and does the dam also has its own problems it cannot supply electricity in the entire public republic and more particularly in the capital kinshasa which experiences major problems with regard to energy supply. and as you can see we find wooden post says they are their defeat and lines which literally cross the rooftops of houses. with this situation we risk having problems with electrocution even house fires. we witnessed an incident which could have had dramatic consequences.
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everyone knows that electricity contributes to development in the well but when there are no roads we need them so you can transform farming produce electricity would allow us to conserve and packaged goods but what is happening today i think produce rots is it if we had electricity we could save our forests today we destroy them for firewood so we lose out twice we are in debt debt has its consequences now the forest is being destroyed instead of being able to use electricity we are destroying our forests. the forests of the congo basin cover an area of over one hundred seventy two million excess. in a widespread context of corruption and poor governance despite a moratorium on the forest code imposed by the world bank in two thousand and two
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attempts to reform that would industry have not yet met with any success in the democratic republic of congo and are endangering the planet second. some seventy percent of the world's poor people live in the countryside and depend completely on the eco system. houses them and takes care of them and. when the world bank finances projects that destroy the. quality of life and even the livelihood and survival of local populations.
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without permission we decided to try our luck at the steelworks. threatening to call for the intervention of a minister we were allowed to visit this immense empty factory. cities in this factory was built to use and consume electricity from the nga. yet we knew very well that when they were building this factory the raw material they were going to use was scrap iron and rusty iron gathered in europe which is unacceptable given what we know the country's potential in terms of minerals is. in effect the situation is ridiculous underground particularly in. the minerals of dug up to be exported eight thousand kilometers away and smelted. then used to make steel in the northern countries to make vehicles and machines and when
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these vehicles on machines end up on the scrap heap they are compacted and shipped in a boat in the congo. which causes the river to rise. don't the food this scrap metal is then melted in to create refined steel. it's completely ridiculous. so never worth it was money down the drain just a waste but not for the multinationals which one yet multinational sold their technology it is the congolese people who are losing out today. and all the wealth is being controlled because of this debt. i don't know what is the reasoning all the heads of the world bank and the i.m.f.
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. this is what they say we will make these developing countries used to the funding we provide them for the development and for the daily management of their business . if we make them reliance on this funding if you know we vary by obtain a means of influencing them and it is a dictator certain type of policy the party take. over when robert mcnamara to go for ed the world bank he wanted to do something grandiose. he began by boring on the markets in order to be able to lend more he flew home and sell loans in the south where some countries and me to they were completely incapable of keeping them back. save so it's some point we can all make it mean go back and we say listen you know since you can't pay your debts give us a pound of flesh sell your oil real cheap to our oil companies or vote with us on
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the next united nations both it's critical to our to our policies or allow us to build a military base on your soil things like that and in the few times when we fail when we're unable to corrupt presidents to get them to accept these loans when we fail then the jackal's going on and they either overthrow governments or assassinate their leaders both rolled oats of ecuador and to rehearse of panama were assassinated because i was unable to corrupt them i couldn't get them to accept these conditions so must thank god he didn't see. who condemned the world bank the i.m.f. the exam lenders in general is a clear example. there was a coalition of interests against him by the great powers governments pre-sold. companies and international institutions. who gave the order to assassinate. in the assassination plot that i don't know
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but what is clear is that those who assassinated him knew that they did it to defend certain interests in these interests there was the interest of lenders that's for sure. do you think that you as a representative of the. gazan government and government in general could achieve that easing off live for the palestinian people through all the way they communicate through their ways being present themselves to do want to communique need we need respect from all kind of governments and to recognize this government which recollected a from the people actually. presented it from the palestinian people themselves
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that's on top of all this is the context of the cold war when western countries strongly prodded these countries to become indebted to keep them in their place of kong if it was very difficult for instance to stop backing mobutu. even if we try to me but given the geo political balance of the time it was you but
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we couldn't take the risk that a country so rich in mineral resources as a year could move to the wrong side. to the problem of the cloud that's a problem with that is not its absolute level. to home say it's their ability of country to pay back and with what means this. file structural adjustment programs are aimed at supplying capital to pay this debt . on reality we are reducing these countries to achieve any economic success economy can kong. the most of what is structural adjustment. it is really the awareness of the fact that these countries were put in a complete deadlock. it is to say that these countries were in bed and
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had an incapacity to continue to function which led to them taking quite drastic and radical measures. with the structural adjustments the following diagnosis was made with the economies acknowledge the deficits and these deficits have to be paid to pay these deficits with cuts in the public spending when necessary. expenses hit spence's unfortunately. in doing that we cut spending including social spending and that obviously had a negative effect on health education and social housing report obviously. this took place at a time when that chair was in power in the u.k. and reagan in the us. it was really the law of the markets. and so the economists of the i.m.f. the world bank and in a lot of other countries even bilateral cooperation said allow real prices to
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rule and all problems will be solved. i think that by doing that we did a lot of harm mainly because we didn't know ways to understand the economic policy of these countries. once the structural adjustments were imposed by creditors namely the world bank and i.m.f. it was like hell on earth here in brazil. at the hospital everything had become fee paying consultations you have to pay to see the doctor to get more serious. i mean it was hell people often died from curable diseases. people in poor health who have no access to health care makes development impossible.
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you know you can't concentrate on development in those conditions at times it makes you sick and revolt because it is unacceptable and unbearable people that's an injustice in the world but the debt of congo fourteen billion dollars. what does that represent that as of two thousand and ten the total of the developing countries public debt is in the region of one point three five trillion dollars. and the us foreign and domestic debt is thirteen trillion which is ten times more. should these countries continue to pay millions of dollars the president of the republican the government have said that it takes fifty million dollars every month to service its debt how much gets spent on health and education every month the answer is zilch.
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teaches in primary schools badly paid and underpaid. the teacher comes to school with little biscuits that she gives out to children who should pay them back. so already from the first year of school children are taught how to get in debt we. give to children and after three days children have to. parent full money it's like an international institution if you missed the deadline the child is forced to pay double the price thank you for some times this makes the child afraid to come to school. today with the system of parent the child who doesn't pay. before at times these economic policies have been conducted for reasons of budgetary adjustment we could no longer finance a certain number of public services and therefore we so it means of financing them
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through privatization. but the people who control the privatizations were people who came from the outside or people well connected in the end and that did not produce very favorable results for people who were low down on the social ladder was. one of the examples of the i.m.f. most brutal policies of privatization body. prevent disaster forced privatization of all the national transport office and private entrepreneurs who took over the national office. work according to the principle of private entrepreneurs which is completely normal. you'll soon see so they never send a lorry on the ground which in periods of famine in niger. leads to death as a dozen the rife because of this privatization you got this.
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one at the international monetary fund applied the first program of structural adjustment in congo in one thousand nine hundred eighty six so since then the i.m.f. has been there. and no progress is being made in congo i always say that it is like a sick person who goes to the doctor the chemists there are all there the laboratory assistants they do the tests they prescribe medicine and the sick person stay sick forever what should actually happen is that the doctor should resign and thats it. what is the role of the i.m.f. if it doesn't prevent crises what is the role of the world bank this bank which is supposed to be a development. if it be the i.m.f. kills the world bank by blindly of course not intentionally. but by its dogmatic and here to the washington consensus which is completely brutal. but in poor countries people africa's a colony it's a colony of the big corporations it's
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a colony of some of its own leaders who are under the thumbs of the big corporations so in a way the european empires marched out and supposedly gave africa its independence but immediately the corporations marched in and a few handpicked leaders handpicked by the european nations and the court and the corporations took over many of the countries especially the countries with good resources. for thirty years all african and latin american economies have been or intended to we don't reimbursing this debt and this is completely shattered the economies in other words the ones that we have specialized in farming which represents eighty percent of the economy in countries like mali products such as cotton cocoa for export to west african countries. behind that is the neglect of food production and
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the exposure of these countries to famines and malnutrition and it's no coincidence that today if eighty percent of the world's population who are dying of hunger in fact don't exactly. agriculture with its current production rates could easily feed twelve billion human beings which is almost double the world's population in other words. cannibals is that dictatorship of globalized financial capital has imposed on this planet is both murderous but at the same time. the figures speak for themselves i could take. epidemics victims of polluted water etc. in the d.r. see they are asking us today to produce more products for export to make more money
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especially to pay back the debt so they force us to produce palm oil they ask us to produce coffee at the time of structural adjustment it was coffee palm oil cut while people had to. ask the d r c as you have diamonds you have gold gold. would you can sell and buy products which may come from china or europe the chicken that comes from europe the chicken that comes from france do will key which come from the belgian abba chores or from argentina the new one and we don't need them because we can raise our own i assure you that in this country when you have planted maize for months afterwards you already have the product yeah as for rice there are regions where we produce rice even here here where we are we produce rice as for meat we have the.
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tongue today places like the plateau of are used for mining exploitation and today we import meat chicken awful we import more than one hundred forty thousand tons of meat an awful and chickens so all that is really a policy of submission a policy of dependence but we can grow everything here everything. in terms of the market fish frozen chicken. tomatoes even onions everything is imported rice because there is no local production they used to be in these countries we used to have big rice paddy fields we grew it in these countries but everything that we produce here now has to be exported especially wood and petrol for the most part this is why you don't farm land to feed people. they have imposed a policy of zero cultivation in particular that is to say that here priority is given to increase today where even trying to substitute menu for bread in order to
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make sure it's more profitable because money is made locally so fortunately people hold on to their money on their only productions that still exists are small family productions all the farms that were built during the eighty's to produce for the country and to make the country self-sufficient where destroyed. the world bank has insisted that everyone plant food for expert. that's all right if it is one two or three countries but when the red dozen or more countries which make the same thing remember and in the same quality. coffee cotton metals etc that's an acceptable truth is there is too much supply on the market that brings prices down still concourse because this is led to a reduction in the income since the income comes from exports because they're told to do so and agree to do it you could do it in bill is
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a perfect example of this for export eighty here where we are held out the prospect of demand that the market exist that it only had to be produced. and what do they find better to tell us today well we're incapable of feeding ourselves a group of google. it's because that answer is to turn towards biofuels while biofuels feel lower stomachs or will we have to field reserve wires to pollute more i don't mean right now where selling agricultural land because. i play is street cleaner who's in love with a waitress i go on stage managing that there's an audience and i used to take drugs and drink like a fish called the police who told me about the circus but i was such a punk i was like one of what circus.
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polar circus is clearly gets done and we break down stereotypes about kids from disadvantaged backgrounds. i. see a little bit torch is on it's a big journey to structure. one hundred twenty three days. through two hundred cities of russia. relayed by fourteen thousand people or sixty five thousand killings. in a record setting trip by land air sea and others face. a limp torch relay. on r t v dot com.
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sunday's news in the stories that shape the week ukraine's capital braces for a million man march that the ukrainian opposition refers to as a last chance you are seeing live pictures from kiev's independence square and r.t. correspondent it's there will join us shortly as western politicians fan the flames of the protests kiev to pledge their support for the crowds anti-government sentiment. david versus goliath a tiny romanian village fighting to get an energy giant chevron off limits land. protesters from a remaining village claim a small victory against a major u.s. oil company exploring fish oil and gas near their homes but the corporate giant is still looking to win the war.
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