Lloyd's reparations response sparks anger in India, Global South

The apparently pitiful response, just the other day, by the giant of Britain’s Lloyd’s banking and insurance group on reparations on slavery should put Indians and much of the Global South in a near, if not full fury. And there seems to be no recognition by such slave and colonial legacy possessing British corporations of so much Indian indenture, slavery by another name that their organizations were connected to.

- PETER DASH

So the “small change” of Lloyd’s announced of 70 million dollars, essentially to deal with its legacy on the transatlantic slave trade seems to just “spit” against the “storm” descending on the West about properly and substantively dealing with this issue. That is considering the billions, Lloyd’s made, if not the trillions the overall West extracted from so much exploitation in the Global South. After all, in a recent UN report, presented by Patrick Robinson, he stated that the amount globally for reparations should be in the many, many trillions of dollars.

So what do key British media even say about this dominant insurance leviathan? “Lloyd’s of London has been accused of ‘reparations washing’ over its response to an academic review that lays bare its ‘significant role’ in making the transatlantic slave trade possible.” (UK, Guardian)

Well, some might say 70 million dollars is at least a start to British finance owning up to its guilt. But again, it seems hardly enough and the same of the overall, UK based financial community that seems to owe India a lot, including on washing billions of Indian fraudsters’ money.

Given Lloyd’s being a bastion “monument” to the British establishment, past and present what is one to conclude about certain “Old Boys” elites with such ideas and/or decisions connected to such reparation penury, while often overly supporting some very nasty geopolitics and financial chicanery. Any coincidence?