Africa and the Global System of Capital Accumulation

Released on by Emmanuel O Oritsejafor
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  • Africa and the Global System of Capital Accumulation Book Detail

  • Author : Emmanuel O Oritsejafor
  • Release Date : 2021-04-17
  • Publisher : Routledge
  • Genre : Political Science
  • Pages : 252
  • ISBN 13 : 1000384586
  • File Size : 44,44 MB
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Africa and the Global System of Capital Accumulation by Emmanuel O Oritsejafor PDF Summary

Book Description: Africa and the Global System of Capital Accumulation offers a groundbreaking analysis of the strategic role Africa plays in the global capitalist economy. The exploitation of Africa’s rich resources, as well as its labor, make it possible for major world powers to sustain their authority over their own middle-class populations while rewarding African collaborators in leadership positions for subjecting their populations into poverty and desperation. Middle-class obsessions such as computers, mobile phones, cars and the petroleum that fuels them, diamonds, chocolate – all of these products require African resources that are typically obtained by child or slave labor that helps to generate billionaires out of foreign investors while impoverishing most Africans. Oritsejafor and Cooper demonstrate that "primitive accumulation," believed by both Adam Smith and Karl Marx to be a process that precedes capitalism, is actually an integral part of capitalism. They also validate the thesis that capitalism incorporates racism as an organizing tool for the exploitation of labor in Africa and on a global scale. Case studies are presented on Nigeria, Cote d’Ivoire, Ghana, Liberia, Congo, Tanzania, Somalia, Angola, Namibia, Sao Tome and Principe, and South Sudan. There are also chapters analyzing the interests of Russia and China in Africa. This book will be of interest to students and scholars of African politics, development, and economics.

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The "Washington consensus" which ushered in neo-liberal policies in Africa is over. It was buried at the G20 meeting in London in early April, 2009. The world c

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Accumulation in an African Periphery

File Size : 4,4 MB
Total View : 5890 Views
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The "Washington consensus" which ushered in neo-liberal policies in Africa is over. It was buried at the G20 meeting in London in early April, 2009. The world c