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How Africa Is Being Looted
Trends & Prophecy
Press TV’s documentary program ‘How to Steal from an African’ depicts how Britain, by not paying what it owes to African countries and instead by bribing the governments, is keeping these potentially rich countries in absolute poverty.
Patrick Bond: Africa is suffering neocolonialism, and that means the basic trend of exporting raw materials, and cash crops, minerals, petroleum, has gotten worse. And that’s really left Africa poorer per person in much of the continent, than even at independence. The idea that there’s steady growth in Africa is very misleading, and it really represents the abuse of economic concepts by politicians, by economists, who factor out society and the environment. And it’s mainly a myth, because, really, the extraction of non-renewable resources – those resources will never be available for future generations. And there’s very little reinvestment, and very little broadening of the economy into an industrial project or even a services economy.
