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Looting Africa - The Economics of Exploitation (Paperback)
Loot Price: R1,159
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Looting Africa - The Economics of Exploitation (Paperback)
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Despite the rhetoric, the people of Sub-Saharan Africa are become
poorer. From Tony Blair's Africa Commission, the G7 finance
ministers' debt relief, the Live 8 concerts, the Make Poverty
History campaign and the G8 Gleneagles promises, to the United
Nations 2005 summit and the Hong Kong WTO meeting, Africa's gains
have been mainly limited to public relations. The central problems
remain exploitative debt and financial relationships with the
North, phantom aid, unfair trade, distorted investment and the
continent's brain/skills drain. Moreover, capitalism in most
African countries has witnessed the emergence of excessively
powerful ruling elites with incomes derived from
financial-parasitical accumulation. Without overstressing the
"mistakes" of such elites, this book contextualises Africa's wealth
outflow within a stagnant but volatile world economy.
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