Countercurrents.org - 08 January, 2014
One hundred
years ago, the European colonists conquered and plundered Africa because
they had far superior technology. To this very day, European nations
continue to plunder Africa because they posses advance weapon. This time
the weapon of choice in the re-conquest of Africa is financial warfare;
it is no longer military force. The end result is the same: Western
corporations profit, whilst Africa remains underdeveloped and
over-exploited.
Financial imperialism is the system
through which a dictatorship of Western capital exercises authoritarian
control over African economies in order to perpetuate the exploitation
of Africa, for the benefit of the West’s capitalist class.
Africa is a paradox that underscores the
ongoing power of financial imperialism. She is spectacularly rich, yet
the natural capital that is extracted from above and below her
children’s feet continues to enrich, not Africans, but the people who
facilitate Africa's impoverishment: Western capitalists.
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