Pambazuka - Speaking truth to power: Africa and development - 0 views
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He has headed the South Centre which is responsible for devising policies for the South by the South.
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In essence, in political-economic terms, kleptocratic capitalism is a system of economic production and exchange based on fictitious wealth without going through production of real wealth and political governance controlled by “looters and daytime robbers”.
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there are occasional reports from UN agencies that cannot hide the truth. In a recent paper-- “Governing development in Africa - the role of the state in economic transformation”, 22 March 2011-- the UN ECA argues that despite high growth rates in Africa there has been no improvement in employment and welfare of ordinary people.
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Pambazuka - Washington in Africa 2012 - 0 views
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instead of making the world safer, America’s violation of international human rights abets our enemies and alienates our friends’
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Sorry, but we recall Washington’s deregulatory support for Wall Street’s market-driven binge, which in 2008-09 contributed to the worst global economic crash in 80 years, resulting in around a million South African job losses. We know that only the wealthy recovered so far, and that in the US, the top 1 percent received 93 percent of all new income since 2009, because the system wasn’t fixed. And who can forget White House hypocrisy when it comes to vast and often illegal US agro-corporate subsidies which continue to thwart African production? And is there any capital city whose political system is more corrupted by corporate (especially banking) campaign contributions than Washington, resulting in such extreme malgovernance that Obama cannot even make an effort to convict a single banker for world-historic economic misdeeds?
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incorporating the wasting of Africa’s ‘natural capital’ (a silly phrase but one used increasingly by powerbrokers eyeing the ‘Green Economy’). Measuring this loss is something that 10 African leaders agreed to start doing so in May, in the Gabarone Declaration initiated by Botswana president Ian Khama and the NGO Conservation International. The adjustment entails counting the outflow of natural capital (especially non-renewable mineral/petroleum resources) not only as a short-term credit to GDP (via ‘output of goods’ measuring the resources extracted and sold), but also as a long-term debit to the natural capital stocks, as non-renewable resources no longer become available to future generations. Number-crunch the resource depletion, and net wealth declines in Africa as well as the Middle East.
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Pambazuka - The war on Africa: U.S. imperialism and the world economic crisis - 0 views
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In the U.S. itself with the advent of Cold War ideology and political repression under McCarthyism, perspectives and political organizing around Africa became a highly contentious arena of struggle. The Council on African Affairs (CAA) and the Civil Rights Congress (CRC) during the early 1950s came under fierce attack by the U.S. government and were driven out of existence.
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Later during the 1960s when the various national liberation movements and independent African states embarked upon the armed struggle as a necessity to fight the U.S. and NATO backed colonial and settler-colonial states in Africa, Pan-Africanist and socialist strategist Kwame Nkrumah identified U.S. imperialism as the major force in the movement for genuine territorial sovereignty on the continent. The U.S., although paying lip service to supporting the anti-colonial movements, sought to stifle and manipulate the national liberation movements for the benefit of Wall Street and the Pentagon.
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The postponement of these internal crises has apparently run its course. Imperialist war no long delays the impact of the inherent failures of capitalism related to its incapacity to provide housing, jobs, medical services, education and municipal services to the majority of its people. Nonetheless, in its destructive character, imperialism continues on the path of endless war and pursuit of ever-rising rates of profit.
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Pambazuka - Contextualizing Obama's visit to Africa - 0 views
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Both former Presidents Bill Clinton and George W. Bush visited Africa during their second terms in office. When Clinton and Bush made their journeys to Africa, the US foreign policy establishment had been guided by a three-pronged mantra. These were: (a) the notion that Africa was facing a “threat” from international terrorists, (b) that the United States had strategic interests in Africa (especially with the flow of petroleum resources), and (c) the emerging competition with China. The crisis of capitalism since 2008 and the hype about petroleum and gas self-sufficiency as a result of shale oil and new gas finds in the United States have added another layer to all. More importantly, the US plans for confronting China in Africa have been tempered by the reality that the US policy makers have to beseech China to continue to purchase US Treasury Bills. [3]
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Obama would appear hypocritical in making these panned statements about supporting democracy in Africa. While that has not stopped past presidents, this time the cat is out of the bag. The multiple scandals surrounding the banks and the extent of the corruption of Wall Street exposed by Matt Taibbi and others have dwarfed any discussion of corruption in Africa. America’s inability to rein in the mafia-style activities of the bankers is open and in full view of the world audience.
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The main drivers of US foreign policy: Wall Street Bankers, petroleum and the military planners (along with the private military/intelligence contractors) have now been overtaken by a sharp shift in the engine of the global economy coming out of Asia. As more news of the corruption of the rigged financial architecture is revealed, all of the states of the G77 are looking for an alternative financial system that can protect them from the predators of Wall Street.[5]
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Democracy Today: The case of the Democratic Republic of Congo | Pambazuka News - 0 views
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Democracy, or more accurately democratic materialism, has become the dominant ideology. It is increasingly obligatory to be a democrat. It has almost become the single political thought. Democratic materialism asserts that there are only bodies marked by languages, and nothing else. There is only one market, one politics, one economy.
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Democracy has become a package of 'techniques' — constitutions, electoral mechanisms, management systems — to be exported or imposed, top-down, on Third World countries.
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The world becomes divided in a Manichean manner: good democracy versus bad democracy (the recent experience of the Palestinians); good Muslim versus bad Muslim (Mamdani 2004); good states versus rogue states; democrats versus terrorists. And are these the fuelling dynamics of globalisation?
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Pambazuka - Washington tells Pretoria how to 'play the game' in Africa - 0 views
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Barack Obama’s weekend trip to South Africa may have the desired effect of slowing the geopolitical realignment of Pretoria to the Brazil-India-Russia-China-SA (BRICS) axis. That shift to BRICS has not, however, meant deviation from the hosts’ political philosophy, best understood as ‘Talk Left, Walk Right’ since it mixes anti-imperialist rhetoric with pro-corporate policies.
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White House deputy national security adviser Ben Rhodes, ‘What we hear from our businesses is that they want to get in the game in Africa. There are other countries getting in the game in Africa – China, Brazil, Turkey. And if the US is not leading in Africa, we're going to fall behind in a very important region of the world.’ Over a century earlier, another Rhodes – Cecil John – explained that very game: ‘We must find new lands from which we can easily obtain raw materials and at the same time exploit the cheap slave labour that is available from the natives of the colonies. The colonies would also provide a dumping ground for the surplus goods produced in our factories.’ Although there is no longer formal slave labour within formal colonies, this sentiment readily links the neoliberal agenda of both the BRICS and the US.
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This must have raised cynical eyebrows, because he added, ‘China's primary interest is being able to obtain access for natural resources in Africa to feed the manufacturers in export-driven policies of the Chinese economy.’
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As Global Wealth Spreads, the IMF Recedes - 0 views
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Ghana had joined a long list of developing countries in Africa and beyond enjoying record periods of growth, with the robust economy leaving it no longer in need of more IMF cash.
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The IMF, founded in 1944 to foster the reconstruction of the global economy in the wake of World War II, is entering its largest period of upheaval since the fall of the Berlin Wall. Over the next year, the Washington institution will slash its 2,900-person workforce by 13 percent through a combination of buyouts and some layoffs, reflecting a loan portfolio shrinking so fast that the IMF is seeking to sell off $6 billion in gold reserves to create a new long-term source of income.
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The weakest nations in Africa remain the most subject to IMF policies because the fund represents one of their few financial lifelines. But even in better-off countries like Ghana -- a West African nation of 23 million -- the IMF still wields clout. Lenders including the World Bank and foreign-aid agencies in Europe and the United States continue to look to the fund to certify a nation as being fiscally responsible before offering grants or loans.
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allAfrica.com: Africa: Smallholder Agriculture Transforms Lives of Poor - 0 views
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Foremost amongst the factors that undermine smallholder agriculture is the gross undercapitalization of the sector. Investment in key areas such as research, infrastructure development, mechanization, irrigation, value chain development and human capital development lags behind that in other developing regions and has actually declined over the past decade.
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In countries such as India and Thailand, public investments in agriculture have substantially reduced rural poverty by stimulating agricultural growth and reducing food prices. Investments in other key facets of the rural economy such as road infrastructure and education have also been shown to have large positive outcomes. These findings suggest that the "how" of agricultural spending can be as important as the "how much".
Pambazuka - Sudan and oil politics: A nation split by oil - 0 views
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Before we could settle to savour the change expected from the split, things took a different turn. The war drums sounded, and bullets began to fly. Streams of refugees flooded through our village and soon enough, we were on the move. I still recall seeing starving kids, rotting corpses by the roadside, and I can hear the screams of young ladies who were captured and forcibly married by rampaging troops.
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As aptly captured by a Sudanese academic in a recent Oilwatch Africa meeting, "Sudanese oil has been developed against the background of war, international sanctions, and political isolation. It has been developed at a time of imposing demand by emerging economies like India and China and a time of unprecedented soaring prices of both food and oil and the controversial use of agricultural crops as a source of bio-energy."
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The reality is that with the available infrastructure, the South cannot export its oil except through the North. In addition, as the date of possible separation drew nearer, new oil blocks that transverse northern and southern areas were being allocated.
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Pambazuka - BRICS and the tendency to sub-imperialism - 0 views
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Dating at least a half-century to when the idea of sub-imperialism was introduced, in Brazil, the concrete settings are vital because contingencies arise that may divert from the twin logics of capital and expanding territorial power relations.
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For rhetorical purposes the sub-imperial powers’ foreign, trade and even finance ministries may be less than flattering about global governance, and in the case of the BRICS in 2013-14, may even launch new multilateral initiatives with the stated aim of challenging power. But standing by the IMF even in times of crisis – e.g. the institution’s recapitalization in 2009 and 2012 occurred with notable BRICS support ($75 billion in coordinated aid in the latter case) – reflects the overall role that sub-imperial regimes play: to lubricate, legitimize and extend neoliberal political economy deeper into their regional hinterlands.
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In this context, what may emerge from the networking of the sub-imperialist elites, as witnessed in the BRICS bloc in its initial formation period, 2008-14, is an agenda that more systematically confirms super-exploitative practices within their hinterlands.
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