Decolonized states had to guarantee foreign capital rights to earn independence

Evidence

Rappard’s solution would have significant consequences for the development of the mandates and for later neoliberal responses to decolonisation. He successfully proposed that the League make clear it would not approve any cessation or transfer of the mandate (including in the event of eventual independence) without advance assurance that the new government would ‘accept responsibility for the fulfilment of the financial obligations regularly assumed by the former Mandatory Power’, and respect ‘all rights regularly acquired’ under its administration. The people of the mandates would not be considered ready to ‘stand by themselves’ until they guaranteed the rights of private capital and respected contracts made without their consent. — Jessica Whyte, The Morals of the Market, 92

Categorization

• XREF: Directly parallels the doctrine of state succession in debt — that newly independent states inherit the colonial power’s debts and contracts — a core austerity/decolonization nexus claim relevant to the reader’s market-ethics debate. — connects to: Decolonization was conditioned on new states honoring contracts made without their consent. — Jessica Whyte, The Morals of the Market: Human Rights…, 92; Exported capital requires strong state power over new domains
• SEED: Angle: how ‘no one may seek to default’ logic was born in mandate-era conditionality rather than in post-2008 bailout politics — the genealogy of the odious-debt doctrine debate.

Broader Connections

• Decolonization was conditioned on new states honoring contracts made without their consent. #expands (0.90) — Jessica Whyte, The Morals of the Market, 92
• Exported capital requires strong state power over new domains #corroborates (0.80)