Resources are and MUST be distributed in the global economic system. It is not per se their distribution or use or sale that is the problem, it is Afrikans having leaders who proceed in a neocolonial way TOWARDS that exchange system that is the problem, because it leads to a perpetual unfair competitive advantage for those trading with Afrika relative to Afrika itself. I have argued for decades to no present avail, that the biggest impediment to Afrikan retention of resources could be solved by Afrikans having their own internal continental currency and rejecting the need for foreign exchange as the medium. This is simply about doing what others do to make progress in the international economic system. The reason the US, Europe, and now China become dominant is that they control the currency of international exchange. They are the world’s bankers. Afrikans must standardize their currency and they must do it collectively. We have economic leadership that was largely trained and schooled by the former and present colonial powers, and they as a result, believe that development means engagement on the terms of others rather than their own and they also believe in individualism in economy where the interests of a single class, group, or person outweighs collective progress but is still called progress.
I think pursuing any economic strategy that does not begin with Afrikan economics being focused on meeting Afrikan needs and not European or Chinese ones is moronic (the idea not the people). It reminds me of what we had in Babylon when Jesse Jackson said the critical task for Afrikans here was to make themselves economically relevant to Euro-America again. Spoken like a true slave who is always trying to find a way to serve.
By the way this is why they keep running the slave films for all of you (cause I don’t watch them). To push subconsciously the notion that Afrikan history is about serving Eurocentrism and that that is the purpose of Afrikaneity as a human manifestation, to serve others outside of themselves.
I reject international aid, that which is not really aid, because it exacerbates the domestic currency problems and makes Afrikans collectively more dependent on political and ethnic patronage, allowing for greater levels of domestic and international exploitation.
Our problem is not really a lack, but an inability to use our resources effectively for collective progress. Afrikans here in Babylon, who are stereotyped as poor are the largest consumer force in the US relative to population and last year spent almost a trillion dollars. It is not poverty that bedevils Afrikan people, nor is there a need for reliance on aid or handouts. Afrika’s global poverty is a crisis of confidence in its own cultures, a point raised by Dr. John Clarke, and as a result Afrikan leaders in particular, are quintessentially “other-regarding” rather than self-regarding. If you actually look at many of the development plans of Afrikan states they are predicated on external capital. That model must be completely rejected. Land reform and redistribution must come. Agriculture must be reintegrated into the economic picture and not merely as an export market. There are clear steps to development but they cannot happen if we start from the “what can we do for someone else” position. That is the mental slavery.
If you are educated in the West, you are taught the lie that there are only two economic models, Euro-capitalism and Euro-socialism, Afrikans come here, get that nonsense, and then go back and wreck their economies with one or the other or both, when few of them study the models of Afrikan economic development that existed prior to colonization. In the 1500s many Afrikan states were among the wealthiest in the world and documented to have been. This is why our task is MEMORY. We must get past the slavemasters’ narratives of economics, where the purpose of Afrikan economy is to do something they want us to do. So much of what we think we know is merely us recycling what we have been told. Afrikans have been miseducated about how the international global economy works and most so-called revolutionaries, having no training in the field, replicate the same models.
International economics by the way as it relates to Afrika was my first field and my first writings were on how Afrikans then-current models of foreign currency, debt loans, “aid” and export focus was not going to work long term for collective development. I have been proven right. Even the success stories, so called, are so dependent that if the West or China cut off dollar currency flows to those states, they would likely politically dissolve.