Articles by Steve Cushion
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Neocolonialism through Debt: How French and U.S. Banks Underdeveloped Haiti
Steve Cushion | Monthly Review - TRANSCEND Media Service,
6 Oct 2025
In 1825, fourteen French gunboats sailed into the harbor of the capital of Haiti, Port-au-Prince, and forced the government to pay an indemnity of 150 million francs. This threw Haiti into a cycle of debts that reduced the majority of the population to an abject poverty that survives to this day. Thomas Piketty has described this as “neocolonialism through debt.”
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