Cross-posted from: http://pambazuka.org/en/category/features/67775
2010-10-14, Issue 500
Will Africa end up paying for technologies that commodify life, or demand reparations for ecological damage done by the North, asks Patrick Bond.
Accepting these premises and turning our attention to Africa, the questions posed in this article are: How do such zany schemes get funded by global capital and multilateral financial institutions? Can we derail the techie agenda with a defunding strategy, by cutting off the financial lifeblood? And following logically: If lack of finance is a barrier to achieving alternative visions, how then might we break that barrier? The most challenging case, in which the money will flow fastest and most inappropriately – and where the need for an alternative, fair and just financing arrangement is most acute – is the climate crisis.
Read more HERE.