top of page

Search

Sink Logic

Antoine Kopij
21 hours ago
1 min read

Updated: 4 minutes ago

Athanasius Kircher, pub. 1665 - Interior of the Earth Showing Water Bodies as Connected — Athanasius Kircher, pub. 1665 - Interior of the Earth Showing Water Bodies as Connected

How tax havens and asset managers push the countries most impacted by climate change and indebtedness further into debt, and coerce them to overexploit their natural resources.

Foreword: how and why I joined the Debt For Climate movement

Corruption, debt and natural resources in the Global South

BlackRock at the center of the tax loophole

The impact of tax haven financing on developing economies within BlackRock investments

Tax havens help BlackRock push countries into the debt trap

Vulture funds in the shadow of BlackRock

Tax havens provide the financial secrecy allowing BlackRock to drain natural resources in developing countries

The resource curse is BlackRock's benediction

To cancel debt, cancel BlackRock and tax havens first

Conclusions

Recent Posts

One way to challenge it could be to increase transparency on the beneficial owners of BlackRock’s debt holding in countries at risk of default.

10. Conclusions

I view debt cancellation as a mean to achieve the goals of ending the subjugation of Global South economies to Global North financiers and facilitating the stewardship of natural resources by indigenous communities. These goals are incompatible with the existence of hegemonic private financial agents such as BlackRock and with tax havens.

9. To cancel debt, cancel BlackRock and tax havens first

It is not by chance that transnational companies exploiting natural resources in developing economies establish their domiciles in tax havens, nor is it by chance that BlackRock invests in these companies.

8. The resource curse is BlackRock's benediction

Comments

bottom of page