Neoliberalism

The beautiful worn stones of a Nova Scotia beach, this one in Guysborough County

BY: Joan Baxter

P8194822-300x225On a balmy, overcast August day, I stood at Port Joli Head in the Kejimkujik Seaside park on Canada’s Atlantic coast, nibbling on delectable little beach peas, staring out over the windswept beaches of white sand and rounded weathered grey stones, and at blue waves exploding white against magnificent rocks of granite as the ocean waters nudged relentlessly at the southern shore of Nova Scotia.

Just offshore, fat seals lounged on rocky islands, ensconced there like complacent and over-indulged Roman emperors. I envied them their thick layers of blubber that allowed them to slip happily in and out of the frigid crystalline waters, for their ability to live without a single thing but their own thick coats and their seal brains. And being in the national park, they didn’t need to worry about human predators as they lazed about on the rocks. They completely – almost insolently – ignored the human beings gaping at them through binoculars.

The park’s interpretive signs informed hikers that 18,000 years ago this area was covered by a sheet of ice three kilometres thick, and the land mass we now call Nova Scotia extended fifty kilometres out to sea. As the ice slowly retreated about 13,000 years ago, the sea level rose and the waters crept ashore, swallowing up land, even as the land itself was rising, heaving a sigh of relief as the weight of the ice diminished. That was naturally-induced climate change, caused by minute alterations in the earth’s tilt in its orbit that have brought about cycles of ice ages and periods of warming. Such change is gradual, happening over thousands of years. Life forms can adapt to the changes by evolving or finding new niches in which to live.

But that has not always been the case in our planet’s history. Between about 440 and 65 million years ago, there were five Great Extinctions, each of which wiped out the majority of the species on earth at the time. Scientists believe these were triggered by cataclysmic events — giant asteroid impacts and the eruption of flood basalts when molten rock bursts through the earth’s surface — that involved the release of enormous amounts of dust and sulphur dioxide into the Earth’s atmosphere. But it was the dramatic climate change the cataclysms invoked that caused the great extinctions.

Today, we’re in the middle of what is called the Sixth Great Extinction. The cataclysmic event causing it? We, the people. Human beings. Homo sapiens sapiens, literally “wise or knowing humans”. Continue reading Climate change and “wise” human beings — will our species rise to the challenge?

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BY: Joan Baxter

Dear Mr. Harper,

I am worried about you, I mean truly, deeply worried about you. It’s not that you haven’t worried me before. You and your political agenda cooked up to serve the wealthy made me leery long before you slipped, serpent-like, right through the schools of squabbling Liberals and NDP in 2006 to form a minority Conservative government.

But since you got your majority – even if only with a minority of the popular vote – it looks as if the power is doing very dangerous things to your head, as absolute power does. And like many of my fellow Canadians, I am sick with worry about what that means for the country.

Many democracies around the world limit the number of terms or length of time that elected leaders can stay in power. The idea is that no one person should taste power for too long; it is too addictive and it clouds judgement, brings on delusions of infallibility. Alas, Canada doesn’t have such a limit. And it doesn’t seem as if you have any in-built mechanism to tell you that enough is not just enough, it’s too much, that it’s time for you to quit. Retire gracefully. Watch lots of hockey and write another book about it, bang about on the piano, hang about at Tim Hortons, take up Tiddlywinks, whatever it is that turns you on – besides humiliating and destroying everyone that doesn’t agree with you, that is.

But it seems you’ve imbibed too much of the elixir of power and want to stick around, seek another mandate. At least that’s what you said in your recent interview with Peter Mansbridge on CBC, the public broadcaster that I fear will no longer be recognizable if you stay on as Prime Minister, just like Canada itself. Continue reading Dear Stephen Harper – please accept this invitation to resign (and repent)

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The magnificent ocean vista on Nova Scotia's Eastern Shore

BY: Joan Baxter

My dearly beloved, but bruised and much-abused Canada,

09.02.2005-parliament-from-gatineau-300x225I wish I were writing to you under better circumstances, and not when you are at such a low point in your history, so badly abused by the Harper Government. I can’t even say by the “Government of Canada”; that name has been stolen from you, replaced with that of the man who has taken you hostage.

Some would argue that because he was elected as prime minister, Stephen Harper can do what he wants with you. And if his regime wants to rewrite history, suppress science, reject reason, present lies as truth and war as peace, drag you back into the Dark Ages – to change you so much and in so many ways that you are no longer recognizable (as he threatened to do back in 2006) – that reflects the will of the Canadian people that elected the Conservatives.

But, I would argue, dear Canada, that this isn’t so. Continue reading Oh, woe, Canada – a tough-love letter to my country

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BY: Joan Baxter

About 10 million people — opg-34-king-leopold-_403867s-267x300r more — perished in Belgian King Leopold’s Congo during the late 1800s and early 1900s.[i] In addition to the horrific human toll, another shocking thing about Leopold’s plundering of his huge African colony is that he managed to convince so many in Europe and the United States that his apparatus of exploitation and wealth collection was humanitarian and philanthropic, that his intention was to benefit the “natives”, help end the slave trade and bring “civilization”, and to further scientific endeavour.

Back then, there weren’t legions of communications and public relations specialists for hire to transform bad into good, to spin sin into virtue, and tailors who convinced naked emperors they were clad in robes of gold existed only in fairy tales. So the campaign of deception about Leopold’s actual intent in Africa probably started with the good king himself. He may genuinely have believed himself a noble fellow, and his right to conquer and pillage a chunk of Africa about 77 times the size of his own nation something that God granted his royal self.

Thankfully, times have changed.

Or have they? Continue reading King Leopold’s Ghost and the 21st century scramble for Africa’s farms and foods

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Previously: Billionaires at play in the fields of the poor (part 5) Chinnakannan Sivasankaran

There is a great deal of buzz about Africa’s economic awakening, with some countries experiencing substantial growth in gross domestic product that is being driven by waves of foreign capital, as investors from Asia, Europe, North America, the Middle East and also Latin America descend on the continent. Many of the investors are after natural resources, mineral and oil riches and also farmland. This raises the question: is the foreign investment benefitting the continent or is it just another scramble for Africa, the last stage of colonialism? In this, the last of six articles on the issue, Joan Baxter profiles another of five billionaire investors in Sierra Leone, French national Vincent Bolloré and his complex investment portfolio in Africa. The article concludes the series by looking at how even if the wave of foreign investment in Sierra Leone benefits the country.

 Billionaire investors and prosperity for whom?

P1011484-300x225Not even 50 kilometres from the disputed land lease taken out by the Siva Group  in Kpaka Chiefdom in Sierra Leone’s Pujehun District, where angry youth leaders and local chiefs are denouncing their Paramount Chief for signing away their precious farmland, there is similar discontent and dis-accord over a land deal in the Malen Chiefdom. There, Socfin Agricultural Company (SL) Ltd, or SAC, has leased 6,575 hectares and converted more than half of that into monoculture oil palm plantation. It is now seeking to lease and plant an additional 5,500 hectares, for a total of 12,000.[i]

SAC is 85 percent owned by Socfinaf,[ii] part of the extremely complex Socfin [Société Financière des Caoutchoucs] Group, with its contact address[iii] in Luxembourg, a ”major” secrecy jurisdiction at the ”dirty” end of the spectrum. [iv] Thirty-nine percent of the shares of Socfin are held by the Bolloré Group,[v] of which the prominent French billionaire Vincent Bolloré is Chair and Chief Executive Officer. Although the Group is listed on the Paris stock exchange, the Bolloré family holds ”majority control of the company through a complex and indirect holding structure”.[vi] The major shareholders of SOCFIN SA are all very much associated with the Bolloré Group, as they are controlled by the Fabri or de Ribes families, who are intertwined in the various interconnected companies.

Continue reading Billionaires at play in the fields of the poor (part 6): prosperity for whom?

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Previously: Billionaires at play in the fields of the poor (part 4): Jean Claude Gandur

In this, the fifth in a series of six articles on foreign investment in Sierra Leone’s natural resources and farmland, Joan Baxter profiles another of five billionaire investors in the country, Indian national Chinnakannan Sivasankaran and his quest to make his Siva Group into the largest player in the production of  palm oil by leasing land and establishing oil palm plantations from Papua New Guinea to Sierra Leone to South America.

 King of Oil Palm

The magnitude of the ambitions of other investors working to get their hands on Sierra Leonean real estate in the form of farmland pales next to those of the Siva Group. Siva is an Indian conglomerate with offices in Singapore, ”a big, dirty Asian tax haven”. [i] The Siva Group is working to become ”the largest global player in the production of sustainable palm oil”. [ii] According to its country representative in Sierra Leone, it is acquiring more than 200,000 hectares of arable land for oil palm plantations in the country,[iii] with agreements that will give Siva control of the land for 50 years with possible extensions up to 99. This is part of the Group’s quest to plant one million hectares of oil palm in Africa and Asia.[iv]

P1012091-300x225Atop the Siva Group is another reputed billionaire, the enigmatic Indian entrepreneur Chinnakannan Sivasankaran. [v] A former employee of the Group says that Sivasankaran does all he can to avoid appearing on the Forbes List. [vi] He is one of the largest landowners in The Seychelles,[vii] and the owner of three private jets. He was the first to join Dragon Blaze, an exclusive ultra-luxurious lifestyle company based in Malaysia, which gives its members, limited to a maximum of 50, the right to use their fleet of private jets and yachts.[viii] Continue reading Billionaires at play in the fields of the poor (part 5): Chinnakannan Sivasankaran

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Previously Billionaires at play in the fields of the poor (part 3) Frank Timis

In this, the fourth in a series of six articles on foreign investment in Sierra Leone, Joan Baxter profiles another of five billionaire investors, Swiss national Jean Claude Gandur and his investment in Sierra Leonean farmland to produce ethanol for export to Europe.

King of Sugar and Bioenergy

While some foreign investors focus on underground riches in Sierra Leone, other moneyed foreign investors are seeking to further their fortunes by acquiring large tracts of arable and well-watered land for industrial agriculture in the country. They’re part of what has been called a global land grab that began after the combined financial and food crises of 2007 and 2008, when investors sought safe and profitable places to park their wealth. The land rush is also being driven by and capitalizes on the increased production of agrofuels or biofuels, as well as fears of future food and water shortages caused by climate change, environmental degradation and population growth.

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 Land- and water-hungry investors have found welcoming arms with the Government of Sierra Leone [pdf], which has resulted in a spate of large land deals in the country. Despite a great lack of transparency in many of the deals, it can be estimated using actual leases and investor fliers that in the past few years, foreign investors — primarily from Europe, the UK, China, India — have taken out leases of 50 years, some with possible extensions up to 99, on more than 1.2 million hectares of land, nearly a quarter of all the arable land in Sierra Leone. [i] Continue reading Billionaires at play in the fields of the poor (part 4): Jean Claude Gandur

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Previously: Billionaires at play in the fields of the poor (part 2) Beny Steinmetz

This, the third in a series of six articles on foreign investment in Sierra Leone profiles another one of  five billionaires,  Frank Timis and his investment in the country’s extractive sector.

King of Iron Ore

Another Ultra High Net Worth Individual — or Ultra HNWI in the curious shorthand of the wealth management industry — working in Sierra Leone’s extractive sector is Frank Timis, originally from Romania and now based in London, UK. In 2011, Timis made his debut on the Forbes List of billionaires.[i] He is said to be the richest Romanian, with a personal fortune in 2012 estimated at over 1.7 billion Euros or about US $ 2.2 billion.[ii] He’s also the owner of two Bombardier Challenger jets.

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Wet ore – or soil containing ore – is loaded into train cars and untold tonnes of it taken directly to port for export to China. Photo credit: Joan Baxter

Timis is a controversial figure, with two convictions for possession of heroin in Australia.[iii] In 2007, the Toronto Stock Exchange declared him an ”unsuitable” person to act as director or major shareholder of any companies listed on the TSX.[iv] In 2009 while he headed the UK-listed Regal Petroleum, the UK authorities fined the company close to US $1 million for issuing misleading statements about its oil reserves.[v] Today he is Chairman of the Timis Corporation, “a portfolio of businesses in the mining, oil and gas, life sciences and agricultural industries”.[vi] It is registered in Bermuda, which appears on the Forbes list of the world’s “top ten tax havens”. Continue reading Billionaires at play in the fields of the poor (part 3): Frank Timis

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There is a great deal of buzz about Africa’s economic awakening, with some countries experiencing double-digit growth in gross domestic product that is being driven by waves of foreign capital, as investors from Asia, Europe, North America, the Middle East and also Latin America descend on the continent. Many of the investors are after natural resources, mineral and oil riches and also farmland. This raises the question: is the foreign investment benefitting the continent or is it just another scramble for Africa, the last stage of colonialism? This, the first in series of six articles, Billionaires at play in the fields of the poor, investigates how foreign investment is playing out in one small African country. It looks at five billionaire investors, their big investments and at what’s in it all for Sierra Leone.

Part 1. Sierra Leone on a silver platter?

Africans and their leaders have every reason to be fed up with the negative way their continent has been portrayed and viewed by the outside world. It is definitely time that they tried to undo the damage by painting pictures that highlight the continent’s many strengths and riches.

PVB-GN_06-002-300x225So it was that in late 2009, Sierra Leone’s President Ernest Bai Koroma took the podium at the Sierra Leone Trade and Investment Forum at the Queen Elizabeth II Conference Centre in London, England. The country was still better known internationally for “blood diamonds” and a brutal civil war they fuelled, than for its impressive peace-building efforts in the ten years since the war ended. President Koroma wanted to change that.

“Our soils are fertile and our land under-cultivated, offering ideal investments in rice, oil palm, cocoa, coffee and sugar,” he declared.  “Our ground is rich in minerals: iron ore – the third largest deposit in the world; bauxite, rutile, gold and yes, diamonds. Our shores boast 400 kilometres of white sandy beaches, just waiting to be developed for tourism . . . Our seas are some of the most well-stocked and under-fished in the world”. Continue reading Billionaires at play in the fields of the poor (part 1): Sierra Leone on a silver platter?

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This post was first published on Thursday, 23 May 2013 09:57 by Truthout

For their secret meeting, they’ve chosen a very small village surrounded by forest in Kpaka Chiefdom in southern Sierra Leone. About one hundred men – chiefs, elders and youth leaders from all over the chiefdom – have gathered in the shade of a very large tree. Conspicuously absent is their Paramount Chief, the supreme traditional authority in the chiefdom, without whose approval they should not even be here. But this is no ordinary meeting; its purpose is to contest the Paramount Chief’s authority to sign away their land. Also absent are women, but in neighbouring villages they express support for the men meeting here and for their cause.

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One after another, the men stand up to complain. They say the Paramount Chief leased their land to a foreign company without consulting them, without the consent of the family heads who are the customary landowners. They have never even laid eyes on the lease agreement, which was signed in January 2011 by the Paramount Chief. It gives an Indian company, Biopalm Energy, control of nearly 20,000 hectares (close to 50,000 acres) of land in Kpaka Chiefdom for 50 years, with a possible extension of 21 years.

Tempers flare in the afternoon heat. Some at the meeting want to write a letter of protest right now to the government authorities in Pujehun, the headquarters town of Pujehun District, which includes Kpaka Chiefdom. Others say that they want the company representatives to come and negotiate directly with them. Meanwhile, they say if anyone enters their “bush” – their land – without their permission, there will be big, big problems. The threats of violence do not bode well for peace in the chiefdom. Continue reading Farmland – the new “Blood Diamonds” in Sierra Leone?

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