Blackrock Is A ‘Modern Day Dutch East India Company’
On August 14, US-based organizations rallied in front of the BlackRock world headquarters in New York City to demand that the massive investment company cancel the USD 220 million it holds in Zambia’s external debt. Organizations that participated in the action include the Act Now to Stop War and End Racism (ANSWER) Coalition, the Peoples Forum, the Debt Collective, Nodutdol for Korean Community Development, Friends of the Congo, and Friends of Swazi Freedom.
For years, Zambia has been stuck diverting public funds to service its foreign debts.