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Enrique Cardova says Nkrumah, Nyerere, Kaunda failures all,
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[QUOTE]Originally posted by lamin: [QB] Zarahan, I doubt you have ever been to Ghana or read books on economic development or discussed these matters with actual Ghanians. In serious African intellectual circles Ayitteh are seen as buffoons for the capitalist West. Your comments to my post are so off-mark that it seems as if you didn't follow what I wrote. But here are some points for you to ponder: 1) Development comes with capital spending: Private international banks in Africa will not make capital available for such. The solution is for the state through its Central Bank to create capital. Banks in the West do it all the time. Have you ever heard of "creating money out of thin air". 2) In Africa, the business classes are very reduced in number--and most are into import business--so to harness enough capital for real developmet the STATE has to do it--often in partnership with enterprising business groups. This is what happened in South Korea and Taiwan. 3) In Russia and China ate the times of their revolutions the business classes were very reduced in numbers. Don't forget that Russia was essentially a feudal state and China was very rural and peasant at the time. The STATE again had to create and harness capital to move both nations into the industrial era. 4) Nkrumah was what you would call a socialist and a Pan Africanist. As a socialist his goal was the industrialisation of Ghana. As a Pan Africanist he saw that regional cooperation in terms of capital and investments would be much better than the neocolonial arrangements than the colonial nations w ere pushing in Africa. Case in point: Ivory Coast. The French actually ran the place and had their people in the IC Treasury. Houphouet was just the "boy who sat in front window". 4) Your points about development are just totally wrong. If what you say is correct, explain how Germany industrialised from the 1850s onward. Or China or Korea? These 2 were rural hardly industrialised countries after WWII. The same for Russia. Japan defeated Russia in the 1905 war. Japan invaded China and took over a huge chunk of land and resources in Manchuria. The Japanese invaded Korea and colonised it just before WWII. The reason is that all 3 countries: Russia, China and Korea were underdeveloped agricultural/peasant nations at the time. So explain how these countries became industrialised. [/QB][/QUOTE]
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