Looting Africa: The Economics of Exploitation

Looting Africa: The Economics of Exploitation

6,500.00

Without overstressing the ‘mistakes’ of many elites, this book contextualises Africa’s wealth outflow within a stagnant but volatile world economy.

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Description

Despite the rhetoric, the people of Sub-Saharan Africa are become poorer. From Tony Blair’s Africa Commission and the Make Poverty History campaign to 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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Author

Patrick Bond

ISBN

978-1842778111

Publisher

Zed Books

Pages

192 (Paperback)

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