Thursday, June 27, 2019

The Caribbean and U.S. Imperial Banking

Bank of Haiti, circa 1890
"The history of U.S. imperialism can be found in the archives of Wall Street’s oldest, largest, and most powerful institutions. ...the vaults and ledgers of banking houses such as Citigroup, Inc., and J. P. Morgan Chase and Co. reveals a story of capitalism and empire whose narrative is not of morally pure and inspiring economic growth, but rather of blood and labor, stolen sovereignty and pilfered resources, military occupation and monetary control. Sugar comingles with blood, chain gangs cross spur lines, and the magical abstractions of finance are found vulgarized in the base manifestations of racial capitalism. This history of bankers and empire is also a Caribbean history. The Caribbean archipelago was ground zero for U.S. imperial banking. More>>