Because Haiti was the only liberated black republic during the era of atrocious colonial …show more content…
murdered colonists, damaged ammunitions, property, horses, businesses, and slain and freed enslaved persons) (Phillips, pp. 5-15). Haiti suffered huge economic burdens, it had to pay more than (30 million francs- equivalent to $41 billion today); “the impact of the Debt burden immediately impacted ordinary Haitians. President Boyer imposed a series of tax policies to generate revenue to pay the indemnity. All failed. They included a wholesale restructuring of the rural tax base… the nationalization of the debt…” (Phillips, pp. 10-12). This debt consumed around 80% of the national budget, forcing the burgeoning country to shut down public schools and forgo plans of rebuilding the city. Haiti was paying this debt to France until 1947 (Fick, pp. …show more content…
20-24). “Hence, while success may be possible for a while under extractive institutions continuing success is possible only under “inclusive institutions”, [these] institutions [are operated by] “many” people [i.e. civilians] are included in the process of governing hence the exploitation process is either attenuated or absent” (Boldrin, pp. 1-3). Haiti was deprived of sustainable institutions from the start; it was damaged, frail, without a Social Contract, and its government (which consisted of the minority, middle class -the elites) quickly seized control of the remnants of these institutions and exploited the masses which contributed to the onset of Haiti’s poor Social Contract, political instability, and economic