Tuesday, July 29, 2008

Burma's insurance underwritters

Hello and welcome to another Burma discussion forum.

This time we are going to discuss the complicity of foreign corporate actors in the regime, and in particular insurance companies which provide credit and protection from prosecution for the government.

Such corporations, such as the infamous Lloyds of London, have given the Burmese government, continuous high credit rankings so that they can buy weapons and artillery which are later used on the country's citizens and particulary ethnic minorities.

This is a a more exhaustive, but still unfortunately limited, list of insurance underwriters of the Burmese regime from the US Campaign for Burma.
http://www.burmacampaign.org.uk/insuranceaction.php

You will find that these corporations are worldwide and not located in one city or one country but rather constitute in the words of Alexander Solzhetnitsyn "an archipelago of secretness" from Singapore to London, in Dubai and in New Delhi.

These corporations have local subsidiaries which process transactions of miltary material using credit rankings and collateral of the regime.

Corporations have historically played a seminal role to maintain a tyrannical and despotical regime from apartheid South Africa to Sudan, and in caudillo ruled- South America during the cold war.

Corporations are the bankrollers of money, which cannot be acquired through international governmental and/or non-governmental organizations.

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