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Capitalism: Africa's Misery


As an African, one is born into a world where their conception of the state of affairs and their view on the global society is quite unnatural. The ordinary African is born into a society where poverty and want is the order of the day. It is a fact that the ordinary African experiences inadequate food, shelter and clothing. It goes without saying that Africans find themselves in a world that offers them nothing but ignorance and disease. But perhaps most saddening is the fact that the ordinary African is born into a world that places him at the very bottom of human society, that despises and mocks him for his misfortunes, physical appearance and his sorry state of affairs.



The human mind is designed to find answers where there are questions, and no doubt the people of African descent everywhere have numerous questions in the back of their minds as to whichever ‘curse’ that befell them, its origin and the possibility of a way out. Foremost, Africans need to be acquainted with their history. It might come as a surprise to many, but the history of Africa is not marred with the hunger, poverty and disease of today. It has no trace of racial discrimination. Ancient Africa was neither corrupt nor inefficient. The old African society was neither filled with want nor misery. Historian Basil Davidson, deducing evidence from authentic records of the time, describes the East Coast of Africa as found out by Portuguese explorer Vasco da Gama;


They anchored in havens that were thick with ocean shipping. They went ashore to cities as fine as all but a few they could have known in Europe. They watched a flourishing maritime trade in gold and iron and ivory and tortoiseshell, beads and copper and cotton cloth, slaves and porcelain; and saw that they had stumbled on a world of commerce even larger, and perhaps wealthier, than anything that Europe knew.’


-BASIL DAVIDSON: OLD AFRICA REDISCOVERED, Victor Gollancz Ltd, 1959, pg 165



African society, evidently, was a society of abundance. The African civilizations, from Egypt, Nubia and Abyssynia in the North East to Mali, Songhay, Ghana, Kanem-Bornu, Oyo and Benin in the west were full of wealth and high living standards. Traditionally, therefore, Africa has been a land of riches and comfort, and the poverty and destitution of today is but a strange and unnatural phenomenon. But what happened? How did Africa find itself fallen from grace to grass? How did majority of the African population find itself relegated from a position of riches and abundance to become the laughing stock of the entire world?



To answer this question, one has to be acquainted with the economic history of Africa in relation to the political economy of the entire world. Somewhere, in the midst of Africa’s relative peace and tranquility, contacts were established with the outside world. The east coast of Africa was already enjoying a flourishing trade with visitors from the Middle East and the Far East, and its economy was booming. The Trans-Sahara trade, between the people of West Africa and North Africa, was promoting the living standards of the respective participants. The emergence of the Trans-Atlantic slave trade, however, marked a new chapter in the history of Africa. Millions of human beings, captured by slave dealers, were sold into captivity in order to work in the mines and plantations of the Americas.



It is critical to note the strategic significance of the slave trade in the global economic and political development, and its connection with the problems that Africa faces today. Merchants were emerging in Europe, dealing in trading activities throughout the world. The economy of Europe, it is safe to say, was becoming increasingly in the control of these merchants, and slowly the feudal system of governance was losing its grip. For the merchants, the slave trade provided them with huge profits, as the slaves were sold to the American slave owners while products such as cotton, sugar, tobacco and various minerals were shipped to Europe. The economy of Europe, therefore, was booming to the extreme, all at the expense of Africa. The significance of this trade is that it provided the base and sowed the seeds for the growth of capitalism as the new economic system. Wrote Marx;


‘The discovery of gold and silver in America, the expatriation, enslavement and entombment in mines of the indigenous population of that continent, the beginnings  of the conquest and plunder of India, the conversion of Africa into a preserve for the commercial hunting of blackskins, are all things which characterize the dawn of the era of capitalist production. These idyllic proceedings are the chief moments of primitive accumulation.’


-KARL MARX; CAPITAL, VOL 1, chapter 31



‘Primitive accumulation’ here means the first large scale collection of wealth needed to speed up the development towards capitalism. Thus, slavery led to the development of capitalism, and through the exploitation of slaves the system of exploitation of labour by capital began.


The losses suffered to the people of Africa were, needless to mention, immense. Whole villages were wiped out. Africa literally lost about half of its entire population throughout the slave trade period. By depopulating Africa of its most productive members of the society, the slave trade stalled the economic development of the continent. Up to now, the potentialities of the African people continue to be restricted because of this vice.



Meanwhile, in the feudal empires of Europe, the profits obtained from the slave trade and the labour of slaves in mines and industries enabled the establishment and development of industries. Gradually, the economies of the advanced countries of Europe, such as Britain and France, became more and more oriented towards industrial production rather than slave trade and slave labour. The enormous wealth amassed by Europe also enabled great leaps to be made in the field of science and technology; innovation and discovery was everywhere. Naturally, the economic production, the systems of transport and communication, the art of warfare and generally the spirit of modernization boomed all across the advanced countries of Europe at a pace unprecedented in history.



With this boom in economic production and industrialization, the industrialists of Europe; the capitalists, found it unnecessary to keep trading in slaves. It would be more economically viable, they correctly reasoned, to ‘buy workers’ in a free labour market. Slavery as an institution thus had to be abolished in order to provide wage labourers to these industrial capitalists whose influence had now spread throughout the world. The entire world was now entering a more advanced phase in political economy. The economic system of the world was now firmly in the hands of big industrialists; capitalists dealing with the manufacture and processing of raw materials for sale and use throughout the world.



As a human body needs food, so does an industry need raw materials. More precisely, fuel is to a car what market is to an industrial capitalist. Markets in Europe were becoming increasingly saturated. The so called ‘free competition’ was turning into a monopoly centered around a few capitalists. This, according to social scientist Leo Huberman, meant a tremendous development of the total resources of the society (productive forces) so that the industries could produce more goods than could be consumed. Consequently, the industrialists had to look for new markets, in order to ensure that their industries remained profitable. Failure to do this would create a near-total collapse of the industrial system.


Jules Ferry, French Prime Minister, mentioned in 1885;


‘What our big industries lack… what they increasingly need are markets. Why? Because … Germany is fencing itself with tariff walls… because across the Atlantic the United States has turned protectionist in the extreme.’


-THE STRUGGLE FOR AFRICA, pg 12. MAI PALMERG (Editor)



Quite clearly, there was only one question among the capitalists; the businessmen of the day, the question of markets. Everything had to be done to secure them, at whatever cost. It is with this desperation that Europe began its merciless and brutal scramble for colonies in Africa and other areas of the world. Colonies, they correctly reasoned, would provide raw materials for their industries back home. More importantly, they would provide the adequate market for their industrial products. Jules Ferry further gave the dominant reasons for the European quest for colonies in Africa;


‘Is it not clear that the great states of modern Europe, the moment their industrial power is founded, are confronted with an immense and difficult problem, which is the basis of industrial life, the very condition of existence – the question of markets? Have you not seen the great industrial nations one by one arrive at a colonial policy? And can we say that this colonial policy is a luxury for modern nations? Not at all, gentlemen, this policy is, for all of us, a necessity, like the market itself… Colonies are for rich countries one of the most lucrative methods of investing capital… I say that France, which is glutted with capital, and which has exported considerable quantities, has an interest in looking at this side of the colonial question. It is the same as that of outlets for our manufacture… European consumption is saturated, it is necessary to raise new masses of consumers in other parts of the globe, else we shall put modern society into bankruptcy and prepare for the dawn of the twentieth century a cataclysmic social liquidation of which we cannot calculate the consequences.’


-AFRICA MUST UNITE, pg 20-21. KWAME NKRUMAH



Thus, having come from slavery into booming industrialization, the European capitalists now had to delve into colonialism as the next frontier of revenue and profits. Capitalism, having been bred by the profits of slavery, was now moving into the next level, that of colonialism. With this, it would be possible to exploit not only the labour and resources of its own country, but also those of the entire world. This was the dawn of imperialism.



The colonial pattern of economics is needless to mention. The main objective of colonialists was to exploit the colonies thoroughly, and every effort was made to orient the economies of Africa to serve those of Europe. Locally acquired raw materials were shipped to Europe to feed her industries. There was no intention of processing or manufacturing them locally. This was to prevent the colonies from being industrialized and competing directly with the industrialized economies of Europe. In many colonies, the economy was made to specialize in specific cash crops, such as coffee and tea in Kenya, cocoa in Ghana and Ivory Coast, tobacco in Zimbabwe and Malawi and so on. Such industries were to be exported raw and processed in the industries of Europe, only to be shipped back to Africa as finished goods fetching a high price. The economies of Africa were thus made to be mere appendages of the economies of Europe, feeding their industries with raw materials, and consuming their finished products. The situation goes on today; our balance of payments deficits are appalling. Through this economic situation, the African worker and farmer feeds the economies of Europe with his labour power, and gets nothing but peanuts, not to mention ridicule and discrimination.


With the end colonialism and the granting of independence, the system has hardly changed. The Europeans and Americans successfully created an elite of African leaders and businessmen with whom they maintain their stranglehold of the continent. As Africans, we have traitors within our midst, who, jointly with foreign capitalists – people who have continually exploited Africa from slavery to colonialism and now neocolonialism – exploit the labour and resources of Africa for their private gain. The African ruling elite, instead of leading the struggle against imperialism, foreign domination and exploitation in all its forms, consciously collaborates with the exploiters in order to maintain the system of exploitation which has kept us underdeveloped and destitute.



Africa has had to endure centuries of oppression and exploitation, from the period of the Trans-Atlantic slave trade through colonialism. The modern form of exploitation is neocolonialism, whereby our continent is outwardly free and politically independent, but our economy is firmly in the control of the same foreign capitalists who have exploited us for centuries. This, of course, through collaboration with their local agents. Kwame Nkrumah describes neocolonialism as the worst form of imperialism, as it involves exploitation without remorse, and oppression without responsibility. Further, he describes it as the last form of imperialism, the point at which imperialism has developed to its most advanced stage.



A look into the economy of Africa, and generally the world, would tell it all; our economies are run and dominated by huge multinational corporations, giant trusts and monopoly combines, based in the developed countries of the North. The economies that exist in countries, though seemingly wield administrative power and influence, are nothing but mere puppets of these corporates, and are firmly in their control. The real determinants of government policy are the bourgeoisie proper, the owners and managers of these firms. According to Vladimir Lenin;


‘Imperialism is capitalism at that stage of development in which the domination of monopoly and finance capital has taken shape, in which the export of capital has gained pronounced importance, in the division of the world by international trusts has begun, and in which the partition of all the territory of the earth by the greatest capitalist countries has been completed.’


 -LENIN; IMPERIALISM, THE HIGHEST STAGE OF CAPITALISM



Thus, at this point in the 21st century, we find ourselves with an economy that is oriented towards providing raw materials for European, American and Asian industries, while consuming their manufactured goods. Our economy is dominated by Coca Cola, BAT, Old Mutual, Barclays, Tullow Oil, De Beers, Union Miniere, Shell, KFC, WU-YI and other multinational corporations ploughing huge profits from our continent.


These in addition to the ‘development aid’ that we keep receiving from IMF, World Bank and donor countries, which tie us to forever working to clear them in vain. This in addition to economic policies set by the IMF and World Bank, such as the Structural Adjustment programmes, also known as the Washington consensus, outrightly geared towards impoverishing the people of Africa and the South. As a wave of neoliberalism in economic policy was kicking in, the IMF prescribed the SAPs to African Sthe conditions included the introduction of VAT for essential commodities, increase in food prices, privatization of public corporations, devaluation of local currencies, cutting of wages and decrementing domestic credit. Further, the governments were required to liberalize the market and enhance the rights of foreign investors, to facilitate Foreign Direct Investment.



 The result was massive retrenchment of workers, decrease in the quality of life due to increase in the price of commodities and increase in poverty. Africa suffered massive food shortages, and millions starved to death. The difference between the rich and the poor skyrocketed. Most of these policies are in effect up to today, ensuring that Africans are robbed of everything they worked for, leaving them in abject poverty. Africans continue to starve to death. African leaders continue to work with foreign capitalists to facilitate this exploitation.


Clearly, the questions besettling majority of Africans should by now be finding their solutions. Africa is poor and underdeveloped; fact. By why? We have undergone centuries of exploitation and plundering of our resources, both human and natural, for centuries. Slavery, we have seen, robbed us of our manpower and destroyed our economic potential. Colonialism robbed us of our raw materials and reaped the fruits of our labour. Neocolonialism continues to rob our resources, suck our labour power and dictate our economic policy. But more importantly, it is clearly that slavery facilitated the development of capitalism as a mode of production. It is this capitalism, thence, that forced the establishment of colonialism when the markets of Europe were saturated. It is this very capitalism, as a mode of production, that bears neocolonialism, which continue to plunder our continent on a daily basis.



 Thus, the source of our poverty, the source of our underdevelopment, the cause of our destitution, our hunger and disease on a massive scale, lies in capitalism.


Hence, the solution to our poverty, the solution to our underdevelopment, the solution to our poverty, our hunger and disease on a massive scale, lies in the overthrow of capitalism.

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