FYI-

The author e-mail:

Soprach Tong <[email protected]>

On Fri, Dec 7, 2012 at 10:46 AM, PuppyXpress <[email protected]> wrote:

> Please send your COMMENTS TO The Phnom Penh Post.
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> *Tong Soprach is a social-affairs columnist for the Post’s Khmer edition.*
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> http://www.phnompenhpost.com/index.php/2012120660126/National-news/a-nation-hobbled-by-debt.html
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> On Thu, Dec 6, 2012 at 10:36 PM, Kim ya LIM <[email protected]> wrote:
>
>>
>>  ជំរាបសួរ
>>
>> ខ្ញុំសង្កេតឃើញ​អ្នកសរសេរយល់ច្រឡំ ទៅតាមការឃោសនារបស់ពួកគណៈប្រជាជនកាន់អំណាច
>> ដោយថា របបលោកលន់ ណុលខ្ចីលុយអាមេរិកាំងចំនួន ៣៧០
>> លានដុល្លាទិញអាវុទ្ធមកសំលាប់ខ្មែរ។ តាមការពិត គឺ
>>  របបលោកលន់ ណុលខ្ចីលុយអាមេរិកាំងដើម្បីទិញ
>> ម្ហូបអាហារចែកដល់ប្រជាពលរដ្ឋនៅពេលនោះ ដោយទ័ពយៀកកុង ខ្ទប់បិទ ទន្លេមេកុង
>> ដែលកប៉ាល់ឡើងមិនរួចពីស្រុកយួនខាងត្បូង។ ចំណែក អាវុទ្ធដែលច្បាំងនៅពេលនោះ
>> ដោយយួនខាងជើងឈ្លានពានប្រទេសខ្មែរ ដែលខ្មោចអតីតស្តេចសីហនុទៅចូលដៃ 
>> គឺអាមេរិកាំងផ្តល់ឲ្យទាំងអស់។
>> ឯចំណែកច្បាំង ពីឆ្នាំ ១៩៧៩ មក គឺរបបបក្សប្រជាជនទៅខ្ចីលុយរស្សី ទិញអាវុទ្ធ
>> មកសំលាប់ខ្មែរមែន។
>>
>> លិម គិម យ៉ា
>>
>>
>> Behind every debt is a lender who never forgets. During the Lon Nol
>> regime from 1970 to 1975, Cambodia borrowed US$370 million from the US;
>> this money was used to buy weapons and bombs that killed Cambodians.
>>
>>
>>
>> > Message du 06/12/12 18:05
>> > De : "PuppyXpress"
>> > A : "camdisc"
>> > Copie à :
>> > Objet : Is it fair for people to borrow vast amounts of money, then
>> expect their children to pay off all their debts?
>> >
>> >
>> >
>>
>> >
>>
>> *A nation hobbled by debt
>> <http://www.phnompenhpost.com/index.php/2012120660126/National-news/a-nation-hobbled-by-debt.html>
>> *
>>
>> Thursday, 06 December 2012
>>
>> Tong Soprach
>>
>>
>> >
>>
>> Workers during construction of the Kamchay dam, in Kampot province. The
>> dam, capable of supplying 193 megawatts of electricity, was built by the
>> Chinese company Sinohydro. Photograph: The Phnom Penh Post
>>
>> A new-born Australian baby is eligible for benefits of AUS$5,437 (around
>> US$6,000). But there is nearly $1,000 of national debt for every Cambodian
>> baby. How does that influence these infants’ respective futures?
>> >
>> > Recently, there have been been varying estimates of the scale of
>> Cambodia’s debt.
>> >
>> > Cambodian People’s Party parliamentarian Cheam Yeap claimed the
>> national debt amounted to about US$7 billion, but Prime Minister Hun Sen
>> said the figure was just over $2 billion.
>> >
>> > After that, Yeap didn’t comment further on the matter.
>> >
>> > Meanwhile, the Sam Rainsy Party says Cambodia’s debts total about $10
>> billion. According to Reuters, Cambodia’s debt to China alone is at least
>> $4.7 billion.
>> >
>> > The question is, which figure is accurate? And when will the Royal
>> Government give us a valid estimate of how much it owes?
>> >
>> > Last week, the National Assembly allowed the government to borrow $900
>> million from abroad in 2013. Meanwhile, Hun Sen has asked China for an
>> additional $500 million to build roads.
>> >
>> > Some local economists have urged the government to borrow as much as
>> possible. But who will pay it all back?
>> >
>> > Many of Cambodia’s natural resources are already gone, and it is
>> unclear whether oil reserves on the sea floor are even ours.
>> >
>> > As for the culture of selling, so much has already been sold in the
>> name of  “development”, including our cultural heritage, state buildings,
>> Cambodian embassy buildings abroad and even our women’s hair.
>> >
>> > What will be next? Selling our underwear?
>> >
>> > If all these companies plant rubber and coconut trees for export, they
>> don’t develop local production. Even our pens are imported; it’s shameful.
>> >
>> > Many countries constantly think about their income, but Cambodia seems
>> to be always thinking about how to receive donations and borrow more money.
>> >
>> > Is it fair for people to borrow vast amounts of money, then expect
>> their children to pay off all their debts?
>> >
>> > Behind every debt is a lender who never forgets. During the Lon Nol
>> regime from 1970 to 1975, Cambodia borrowed US$370 million from the US;
>> this money was used to buy weapons and bombs that killed Cambodians.
>> >
>> > Parliament and the Royal Government insist that the US must cancel this
>> debt, but America still expects it to be repaid.
>> >
>> > So, if the Kingdom is borrowing more and more money, is this debt
>> really for development? Or just to build some infrastructure while fuelling
>> corruption and allowing the ruling party to remain in power?
>> >
>> > USAID <http://cambodia.usaid.gov/> reported in 2009 that Cambodia was
>> losing more than US$500 million every year to corruption.
>> >
>> > This is the issue: foreigners pity Cambodians today, and the next
>> generation too.
>> >
>> > It is so unfair that for every innocent baby born, there are thousands
>> of dollars of debt to repay, and that this borrowed money is not always
>> used for the nation’s development.
>> >
>> > This is a painful reality for the poor Cambodian people who not only
>> receive meagre benefits but also have to help pay back huge debts.
>> >
>> > Does the government recognise these debts? This is not the karma of
>> Cambodians who didn’t do well in a previous life and must suffer to repay
>> debts from previous regimes.
>> >
>> > This is also different from the Angkor era, when temples and natural
>> resources were preserved for the future.
>> >
>> > Since 2007, after the arrest of the Khmer Rouge leaders, there have
>> been lots of donations and loans from China to Cambodia. China has replaced
>> Japan as our biggest donor.
>> >
>> > The question is whether Beijing is being so generous to Cambodia
>> because China is now the world’s second-biggest economy.
>> >
>> > Or is it because China is trying to confront the South China Sea issue
>> while Cambodia is the chair of ASEAN?
>> >
>> > Or perhaps because China is trying to atone for the fact that the Khmer
>> Rouge, supported by China, killed at least 1.7 million innocent Cambodians?
>> >
>> > The Extraordinary Courts in the Chambers of 
>> > Cambodia<http://www.eccc.gov.kh/en>(ECCC) have been able to prosecute only 
>> > two categories of alleged
>> perpetrators for crimes allegedly committed between April, 1975 and
>> January, 1979: senior leaders of Democratic Kampuchea and those believed to
>> have been most responsible for grave violations of national and
>> international law.
>> >
>> > After receiving so much unconditional money from Beijing, the Kingdom
>> is always trying to please China.
>> >
>> > As for the Khmer Rouge trials, the ECCC has concluded only Case 001 –
>> and Duch was the lowest-ranking of the leaders arrested.
>> >
>> > After the ECCC is finished, will Beijing’s donations continue? Is this
>> an effort by China to offset its mistakes, as Japan did?
>> >
>> > After the 1993 United Nations Transitional Authority in Cambodia's
>> <http://www.un.org/en/peacekeeping/missions/past/untac.htm>election,
>> Japan became the biggest donor to Cambodia, which it occupied during World
>> War 2.
>> >
>> > But Cambodia made no claims against Japan for the suffering it endured
>> during that occupation.
>> >
>> > Blinded by money, we have forgotten all the death and destruction.
>> >
>> > In the end, the broken infrastructure is for Cambodia, the dead people
>> are Cambodians, the Khmer Rouge trials are of Cambodians and the huge debts
>> are Cambodia’s too.
>> ------------------------------
>>
>> *Tong Soprach is a social-affairs columnist for the Post’s Khmer edition.
>> *
>>
>>
>>
>>
>> http://www.phnompenhpost.com/index.php/2012120660126/National-news/a-nation-hobbled-by-debt.html
>>
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> --
> "There's only one corner of the universe you can be certain of improving,
> and that's your own self."
> ~ Aldous Huxley
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-- 
"There's only one corner of the universe you can be certain of improving,
and that's your own self."
~ Aldous Huxley

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