posted
Make me. You must be suffering from a disease called dummytitis. There is no such thing as proving a negative.
-------------------- The Complete Picture of the Past tells Us what Not to Repeat Posts: 7516 | From: Somewhere on Earth | Registered: Jan 2008
| IP: Logged |
quote:But what is the use of all those competent graduates if they have no productive jobs in a declining, chaotic economy? This is precisely the problem afflicting several African countries today- churning out graduates with few prospects of productive employment
LOL I like this attempt at trying to cover up failure of todays capitalist model (private sector-led development) in Africa. African economies today are not socialist like Nkrumah's Ghana (which you blame for creating chaos), they are for the most part neoliberal (capitalist) the very private sector-led anti-government model the very antithesis of Nkrumahs socialism. So why is there *still* a job problem and it is creating poverty? Based on your logic, if the opposite of the chaos creating econ model is implemented it should have the opposite effect. A so-called valid solution or strategy for Africa's economic development.
quote: Nkrumah's Panafrican integration notions were unrealistic at the time he put them forward.
Are you saying they are realistic today? When would they be "realistic"? When there is private sector led development?
quote:Compare with Nkrumah where farmers not only got poorer, but their output eventually dropped as they were forced to shift to subsistence activity.
Today there is no more Nkrumah socialism, bye bye. No more "unnecessary and wasteful" government expenditures, belt-tightening under IMF SAPs takes care of that. Yet African farmers are still suffering from the "realist" economic model, health care a disgrace, graduates cant get jobs. But Nkrumah is long dead! So why? The problem shouldve been solved with the implementation of the more "realistic" private sector-led model. Why? Posts: 4254 | From: dasein | Registered: Jun 2009
| IP: Logged |
You bring up these neoliberal hucksters--all brainwashed by the likes of Milton Friedman and his Chicago stable of hack economists--like Deepak Lal. Lal is a big joker. And Mazrui--another superficial thinker.
But let's take a very extreme case and just how your thinking is just erroneous: that of Cuba. No brief for Castro here---but it is fact that when Castro came to power the whole Cuban/Spanish settler middle class either fled to Miami or were dispossessed. The foreign companies were also seized and nationalised.
But today, metric for metric the average Cuban is much better off economically than the average Haitian, Dominican, Peruvian, Colombian, Mexican, etc. in terms of education, life-expectancy, athletic prowess, technological development[ Cuba is tops in its pharmaceutical industrial research. Cuba also routinely exports its medical expertise, etc.
Castro recently spoke of the failures of his model. Fine. So when will the neoliberals speak of the failures of market capitalism?
The problem with Castro's model is that it was too extreme: too much state power and nor enough economic flexibility. Well, what else do you expect when you have the cruel masters of imperialism breathing down your back--waiting to invade or starve you out.
Posts: 5492 | Registered: Nov 2004
| IP: Logged |
UBBFriend: Email this page to someone!
![[Roll Eyes]](rolleyes.gif)
Printer-friendly view of this topic