Thursday, 20 May 2021

Slave Trade, A Lucrative Business-1



Ramesh Kumar from Greater Noida

In mid-May 2021, the King of Netherlands Willem-Alexander threw his weight behind an exhibition in Amsterdam. Opening of exhibitions by the Royalty  or powers that be anywhere in the world does not raise eyebrows. But the Dutch King's action was an atonement for the crime the Dutch wholeheartedly committed in 17th century. The crime: slavery. That too neck deep. 

Significantly, the Netherlands is split into those who prefer the Dutch should apologise for its wrongdoings 400 years ago and those who say, "Nee" ("No" in Dutch). King has done it already. Not the political parties: ruling or otherwise.Like the British, the French and the Portuguese even Dutch nursed global ambitions. Taking a cue from the British which created the British East India Company advocating global trade in 1600, the Dutch followed suit two years later with its own edition of Dutch East India Company. Of course, its focus was on Indonesia in the east and Latin America, the Caribbean to its west. 

Human trafficking or slave trade was a lucrative business in ancient time. History is full of details. Talking about the Netherland's own interest in this business, it is catalogued that Dutch traders shipped over 600,000 Africans to north and South America and between 660,000 and 1.1 million people around the Indian ocean. 

The exhibition at the Rijksmuseum in Amsterdam, currently open, showcases 140 objects, ranging from two Rembrandt Harmenszoon van Rijn portraits of married and lavishly wealthy owners of enslaved people to a display of ankle chains, examines 10 lives caught up in the Dutch slave trade between the early 17th century and 1863, when the practice was finally made illegal in Suriname and the Antilles.

Just not Rembrandt (1606-69) alone. Hendrik van der Burch (1627-64), a Rembrandt's contemporary, through his The Card Players (see painting alongside) captures the presence of a young black slave kid serving the players, thus registering the prevalence of Dutch employing slaves brought from Africa for work in the 17th century.

It is worthwhile to listen to what Timothy Brook wrote about this painter and this painting in his 2009 classic Vermeet's Hat, Indira's Net and the Dawn of Globalisation

"... Van der Burch shows that  Africans had been coming in small numbers to Europe since the 15th century, but their numbers were increasing noticeably in the Low Countries in the 17th century. Africans arrived as sailors, laborers and servants in the port cities of Antwerp and Amsterdam but most of all as slaves. ... Van der Burch was not the exception among Dutch painters in including a black servant in his painting. Many Dutch artists painted Africans, usually within domestic settings, indicating that these slaves were not kept apart from the white families that owned them. In fact, those who owned black child servants (and they are usually boys) wanted to show off what they possessed. It was not unlike having an artist put a favourite Chinese vase into the painting you commissioned. It signalled your wealth, your good bourgeois taste and ... your superiority". 

Dutch deployed ships to transport slaves. Thanks to Dutch historian Mark Ponte, the deployment of Beeckestijn has to come to light linking with slave trade. He writes: "The only known contemporaneous drawing of a Dutch West India Company slave ship from the early 1700s in which more than 1,000 people died has been identified and is being exhibited as part of a wider attempt by the city of Amsterdam to reckon with its past. The Beeckestijn transported about 4,600 slaves from the African west coast to the Dutch colonies of Suriname and St Eustatius over seven voyages to South America and the Caribbean between 1722 and 1736. At least 1,000 slaves died on board."

It took 30 more years than the British for the Netherlands to abolish colonial slavery in 1863. The Dutch golden age that put Amsterdam at the heart of global economic system owes to wealth from colonies from Asia, Latin America and the Caribbean. Slave trade contribution to this wealth generation was mammoth. 
A lot  more can be told the Dutch slave trade. But let's move on to explore other practitioners and victims as well.  
Here's an interesting passage from the Cambridge History of Iran Volume 4 (1975). "During the course of the 3rd-9th century, the military basis of the Abbasid caliphate was completely transformed. Instead of relying n their Khurasanian guards, or on the remnants of an even earlier system, that of the militia of Arab warriors, the Caliphs came to depend almost wholly on "slave troops". These included such varied races as Arabs, Berbers, black Sudanese, Balkan Slavs, Greeks, Armenians and Iranians, but Turks from Central Asia were the most prominent of all. Much of the economic prosperity of the Samanid state was  built on the slave trade across its territories, for the demand for Turkish slaves was insatiable"...

Let's dive deep in the next dispatch. Stay tuned.
More to come...

Tuesday, 18 May 2021

What will Rambo do when petrol hits Rs.100/litre?



Ramesh Kumar From Greater Noida

"When did you last fill up the tank?" asked  my #BetterHalf as I motored into the BP Ecotech 12 retail fuel outlet bang opposite my home, a few hours before Reserve Bank of India governor Shaktikanta Das released his monthly bulletin on May 17, 2021. 

A fortnight ago, I responded based on my PatyTM  statement. On May 3, it was for Rs.1100. The amount remained the same this time (17 May) also, though I was unsure of volume because of price adjustment at regular intervals. 

My  driving is restricted to just a kilometre for  the purpose of escorting Rambo out for his morning ablutions around 0900 hours. It is a daily routine. Unchanged for several months ever since the residents of my housing complex began "targeting" pet owners on alleged despoiling charges. For information, there are two dozen pets in this 1500 plus flat complex. 

 Notwithstanding the fact that all pets are led outside the gates for you know what daily.  More than once by many. 

Rambo and BH we go out where he gets fresh air and does his essential chore and BH completes her daily quota of 10000 steps -  particularly the pending portion.

Another reason for my driving is to take Rambo to his vet, again 500 metres both ways. Once in 10 days. Not to be missed is the desire to keep the Renault engine in working condition. 

Maximum 1.5 km a day multiplied by 14 days. That's around 21 km per fortnight. Or approximately Rs.50 per day on fuel alone. 

As is wont developed over the years, I checked the RBI website to the Monthly report. Nothing better than hearing from the horse's mouth, instead of the cut-and-paste "By a Correspondent" item - be it on page one or business pages.

Governor sounded optimistic that the April 2021 performance was better compared to the previous year same time. Bound to be because we are "lockdowned" and there was no economic activity. There were challenges even for the movement of essentials by trucks. 

"Oh My God, we are spending Rs.50/daily for Rambo's bowel movement," quipped BH. I guffawed. Actually, none of this minded that expense. That gave an excuse to step out of the self-imposed isolation from our living quarters for less than an hour. Fresh air among tree lined and 100% empty service lane. 

"I saw two birds this morning in the park. Rare. Never seen them before", added she. Look, here's an indirect benefit, courtesy Rambo's outing! Upset she was nevertheless because before she could flip her handset into camera mode, the nameless avian flew away. There is always the next time!

I usually carry two phone. One in camera/video mode always and another one for listening purpose. Who knows when the camera/video may be needed!

... 

"Do you think Rs.100/litre for petrol is a reality?" she asked. It is already in some parts of India. Not yet in NCR. 

That triggered me to scan for the fuel commentary in the RBI Monthly Bulletin. 

It is no secret that India is self sufficient in oil and its import dependency is huge. "The recent rise in crude prices following the OPEC+ decision to cut production, has lent impetus to India's oil import basket diversification. India has successfully diverted away from OPEC countries towards non-OPEC producers of crude in recent years," said the Bulletin. 

Import Basket diversification! Wow... Does it mean the worry over Rs.100/litre is hyped up? Keeping fingers crossed.

Anyhow, began looking at the chart.  Between 2017-18 and 2021-21 (upto Feb), the import of crude oil from non OPEC has risen from 25.6% to 36.7%. Good. Put it differently, India is importing 63 per cent from OPEC today as against 74.4 in 2017-18. 

Who are contributing to India's desire to reduce dependence on Saudi? Take a look at this graph.


Uncle Joe Biden of the United States. Sheikh Tamim bin Hamad al-Thani, Emir of Qatar. Andrés Manuel López Obrador of Mexico. 

Significantly, there is some misalignment between India and Saudi on the crude oil front. With Saudi refused the world's third largest importer's demand not to cut oil production, India has gone in for buying Norwegian product: 4 million barrels is on its way to Indian refiners. IOC is expecting 2 million barrels from North Sea in May and June. Brazilian Tupi oil of one million barrel sold by Shell is on its way to Indian shores, according to a latest Observer Research Foundation bulletin.

Climate activism is a noteworthy trend to chase. Major global oil explorers are downsizing their oil explorations for the conventional non-renewal energy onshore and onshore. An equally strong lobby is at work advocating that pension funds that have sunken huge dollops of money into stocks should be concerned more about Milton Friedman's shareholder interest primacy. 

Rambo is unconcerned about these developments,  as of now. It cares two hoots for for Saudi or Biden's return to the Paris Accord membership, and leading upfront the movement to promote electric transition to reduce greenhouse gas emission levels. 

BH or self is not Rambo. Therefore we are concerned. The transition to electric mode which will reduce the crude import may be decades away as far as India concerned. Again, the chances of GST Council watering down the two-thirds tax burden in oil pricing imposed and collected by central and state governments is doubtful as no state would like to lose out easy milch cow viz., tax on fuel. 

So the Rs.100/litre petrol cannot be ruled out. If it transpires, I have a few options: one less fuel consumption. Because the society guys are unlikely to relent. Saudi may. Not my society guys.