Reconciliation with the past is central to a reparations deal



The rough and tumble of South Africa's current election season has renewed questions about the fading high hopes of the rainbow nation. But few deny that 20 years after apartheid, tumultuous South Africa exemplifies the immense power of truth-finding when a society comes to rebuild amid the ruins of history. It is this notion of a face-off with the past that appears to inform 15 Caribbean nations' new demand for reparatory justice for genocide, slavery, slave trading and racial apartheid.

It is an ambitious attempt by any standards, seeking to range over the broad contours of long-ago horrors. Three-hundred years of misery for at least 11 million Africans forced across the Atlantic to the New World from the 16th century. But those harrowing centuries and the ones that followed enabled Europeans to flourish. The Caribbean Reparations Committee says European governments have a case to answer because they owned and traded enslaved Africans, they instructed genocidal actions upon indigenous communities and created the legal, financial and fiscal policies necessary for enslavement.

Furthermore, they defined and enforced enslavement and native genocide as being in their national interests, they refused to pay compensation after slavery ended and imposed a further 100 years of apartheid upon the emancipated.

Last but not least, says the Commission, European governments “have refused to acknowledge such crimes or to compensate victims and their descendants.”

This lengthy, if somewhat loose laundry list and two further factors, make it more diffuse than the agenda before almost any Truth and Reconciliation Commission in history, notably the ones in Chile, El Salvador, Argentina, Uganda and most memorably, South Africa.

First, reparatory justice is sought on behalf of the “Caribbean region’s indigenous and African descendant communities”, which is to say people across an enormous area and far removed in time from the actual crime. Second, the alleged crimes against humanity were perpetrated by a wide swathe of European nations, making it harder to fix degrees of responsibility. It is telling that only Sweden has so far expressed any “respect for the process” on reparations emerging from the Caribbean. In February, the British Foreign Office expressed scepticism about the value of reparations saying it did not see these “as the answer”. Instead, it suggested, “We should concentrate on identifying ways forward”.

Might the Caribbean claim be the very way to move forward? For a start, the process envisaged by the Caribbean nations does not appear to begin and end with the dollar value of the injustice of slavery. Though they do want European governments to pay off their debt, large sums of money do not seem to be the substance of the case.

Instead, they want to discuss their anguished history with former slave trade nations. This is a need Desmond Tutu, who led South Africa’s Truth and Reconciliation Commission, would recognise. “There is something therapeutic about telling your story,” he said after the Commission received more than 21,000 victim statements. “It’s that you are being acknowledged ... it contributed to the freedom we are now enjoying.”

A Truth and Reconciliation Commission on slavery would arguably do just that. The Caribbean people could, for instance, lay bare their deep sense of grievance at the dehumanisation and victimisation of their ancestors. They could explain the psychological trauma of being descended from people who were classified as goods and chattels.

They could legitimately seize upon their ancestors’ forced separation from their homeland as the reason for the region-wide cultural and social alienation that remains troublingly apparent in the Caribbean even today.

They could justifiably lay other real and current problems at the Europeans’ door, not least widespread illiteracy, chronic disease and technological and scientific backwardness. As the Caribbean Reparations Committee says: “For 400 years the trade and production policies of Europe could be summed up in the British slogan: ‘not a nail is to be made in the colonies’.”

This venting has produced a relatively modest and well-judged Caribbean wishlist, which includes diplomatic help to persuade countries such as Ghana and Ethiopia to offer citizenship to the children of people from the Caribbean who want to “return” to Africa; development advice; help with cultural exchanges between the Caribbean and west Africa to help Caribbean people rebuild their sense of history and identity; European backing for literacy drives and medical assistance. Most importantly, and contentiously, though, they want a full public apology as a necessary part of the process of closure.

Whether or not the Caribbean claim ever moves forward, the process enshrines a bold and innovative way to heal the wounds of history. It was well said that truth commissions can only reduce the number of lies that can be circulated unchallenged in public discourse. When a society is founded on a lie, the truth assumes particular importance and a Truth Commission for slavery would undoubtedly affect both the Caribbean and European view of the past. As well as the history books.

South Africa’s Commission connected truth with reconciliation and truth and exoneration. Its hearings – revealing bombings, assassinations, tortures, kidnappings and mutilations – did not tell South Africans anything new, but as philosopher Thomas Nagel once said, they transformed knowledge into acknowledgement. It is this fragile nirvana that the Caribbean region seeks.

Rashmee Roshan Lall, the former editor of The Sunday Times of India, is now a freelance writer based in Haiti

On Twitter: @rashmeerl

if you go

The flights

Etihad, Emirates and Singapore Airlines fly direct from the UAE to Singapore from Dh2,265 return including taxes. The flight takes about 7 hours.

The hotel

Rooms at the M Social Singapore cost from SG $179 (Dh488) per night including taxes.

The tour

Makan Makan Walking group tours costs from SG $90 (Dh245) per person for about three hours. Tailor-made tours can be arranged. For details go to www.woknstroll.com.sg

Pearls on a Branch: Oral Tales
​​​​​​​Najlaa Khoury, Archipelago Books

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”