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Foreign AffairsRe: Europe Is Still Keeping Africa In Retrograde by MandingoII(op): 6:09pm On Oct 15, 2010
@ Mandingo

Why the interest in Africa from an Akata. You guys normally stay within your borders. Like Bart Simpson would say. " what gives men!"
I check how all Black people are living.

This is not a NIGERIAN thang. This is an AFRICAN thang.
PoliticsRe: Why Is America So Blessed? by MandingoII(m): 6:07pm On Oct 15, 2010
A person eating a supersize Mac and Soda in US. If you find the equivalent in other countries is most likely going hungry or eating 0-1-1

The worst person in America still gets to eat Big Mac and soda, The worst person in Nigeria drinks Garri once a day
McDonalds is LOSERS FOOD Bruh.


Its for poor people and it spreads your A$$ and Kill you on the inside.

Stop eating grinded up cow butt/testes/head man
PoliticsRe: Why Is America So Blessed? by MandingoII(m): 6:03pm On Oct 15, 2010
Definitely more in this case means better.

The average living conditions and purchasing power of an American worker is more and better than 90% of anywhere else in the world doing the same profession.

I only know of/familiar with 2 countries: Nigeria and America.

Compare any profession and see who earns more and live better (The only profession that would be an exception is Politicians)
The problem I find with YOU AND SO MANY OF YOUR AFRICAN BRETHEREN is that you THINK AND FEEL like you are in the Elite 1% but YOUR INCOME is in the Bottom LOWER rung.

Just Because you are now living in a DEVELOPED country you now THINK AND FEEL like you are apart of the UPPER CRUST when everything around you says otherwise.  You bought LOCK STOCK AND BARRELL into the HEGEMONIC White View that the Media Sold you.  Yet, the Truth is, You will probably DIE ALONE with NO ONE  around you, And your Nigerian community willl put two dimes together to bury another poor Broke African.

HENCE - YOU ARE NOT IN THE UPPER CLASS - YOU DREAM OF BEING IN IT , like so many Americans who will NEVER get their.  This is the Classic POOR WHITE CONCEPT.

 Accept your life as a Wage SLAVE and make the best of it, and STOP believing EVERTHING the MEDIA tells you.
PoliticsRe: Why Is America So Blessed? by MandingoII(m): 4:56pm On Oct 15, 2010
look at the african americans, despite years of struggle they are still fighting a system which will never recognise them as equals.
Whereas that is true, We DO NOT want to go anywhere else.,

We are MORE AMERICAN than the 50 millions whites that immigrated here from the 1830's-1920's.

IT was a UGLY struggle for my people.

yet, WE FOUGHT for ours!!!!

then they dropped DRUGGS in the community AND created archaic laws to create a Jail industry on Black men to have a permanent underclass. When Africans have their children they too will become African Americans and dream that they too will become the rich 1% tht America BLAST around the world - when in reality they are nothing more than working class stiffs , RUNNING on a TREADMILL
PoliticsRe: Why Is America So Blessed? by MandingoII(m): 7:36pm On Oct 14, 2010
There are 4 distinct groups of blacks in america. African children will find themselves in these groups in the future. Keep in Mind, America will ALWAYS conspire against you,


(1) the mainstream middle-class and majority with a full ownership stake in American society,
(2) a large, abandoned minority with less hope of escaping poverty and dysfunction than at any time since Reconstruction's crushing end,
(3) a small transcendent elite with such enormous wealth, power, and influence (think Oprah, the Obamas, Will and Jada Pinkett Smith), and

(4) two newly emergent groups-individuals of mixed-race heritage and communities of recent black immigrants from the Caribbean and Africa, which force us to question what being "black" in America is supposed to mean?
PoliticsRe: Why Is America So Blessed? by MandingoII(m): 6:18pm On Oct 14, 2010
i think the answer depends on which side of the fence you happen to find yourself on if you live in america - by "fence" i mean racial divide. if you are white educated and affluent - you are very likely to think america is a blessed country, however if you are black and conscious ie understand the history of black struggle against oppression in america then you may probably think otherwise.

America is a nation which was established by slave owners, merchants and pirates, the main objective of these so called founding fathers was to break away from british control so that they could control their own political and economic destiny and to ensure that they, the elite or founding fathers would continue to maximise their wealth at the expense of the majority. This is where race came into the equation - the founding fathers (white elite) in their determination to consolidate their positions of power in american society knew that the only way to stay at the top and stay rich was by dividing the people - this why they introduced the racial pyramid of power, those at the top are usually (but not always) white and those at the bottom are usually black or any other non white minority. In creating a racial pyramid of power the white elite's position in american society would never be threatened because ordinary whites would look at blacks and feel that they were superior because they had not been condemned to a lower social hierarchy in society, this in turn would weaken or even prevent any chance of both races ever uniting to overthrow a tyranical white elite power structure.

Again to go back to the question - if you are white in america -the sky is the limit, as long as you show a willingness to work. You don't necessarily have to be educated as your boss at work is likely to encourage you to further your education or recommend you for promotion, if you are black, it is a different story, despite showing a desire or even an ability to learn and work hard you will face discouragment and obstacles at every turn, why? because the american system was not established for the benefit of blacks, remember their so called constitution did not regard anyone of african ancestry as an american citizen but as property or chattel . This is why african americans have spent the better part of 200 years fighting for equality in a country that does not recognise them as full fledged citizens.

America is therefore the land of opportunity as long as you are white, every one else can just get to the back of the queue and if there are any scraps left over a non white (black) person may just get a look in.

Let me just qualify the above by saying that there is one exception and this is in the field of entertainment and sports where blacks dominate but only because blacks bring in so much money that they are regarded as cash cows by their white owners who realise that applying racial discrimination in such fields will lead to massive financial losses for themselves and their shareholders, hence the exception.
+1
PoliticsRe: Why Is America So Blessed? by MandingoII(m): 3:30am On Oct 14, 2010
yeah, I Hate the White people here,

But, I'm NOT moving to Africa, either.

So, We CHANGE what we can.
PoliticsRe: Why Is America So Blessed? by MandingoII(m): 3:17pm On Oct 13, 2010
[s]You're right on point (as you often are). The unspeakable mental indolence of majority of us black people explains why we are the least developed and least prosperous race in all of mankind. Isn't that why, for instance, you have a bunch of nitwits all fighting themselves to control Nigeria's oil resource. Any kind of 'wealth' attributed to us Africans must be cheaply acquired - if not through 'natural' resources, then by scam or fraud.

While it may be difficult to accurately explain the reasons for America's excellence, I think its manifest greatness is constantly reinforced and renewed by sheer entrepreneurship and capitalism. The prospect of huge rewards and unhindered self-actualization is what propels their uncountable industrialists and geniuses (e.g Gates and Zuckerberg) to toil day & night and APPLY THEIR BRAINS to create VALUE for the rest of mankind, in exchange for untold wealth. It is the productive activities of these people that collectively enhance America's economy and make social welfare and Medicaid possible for the less fortunate and/or lazy people (a disproportiontate majority of whom are African Americans and Latin Americans). So, it is ridiculous for anyone to rile against America/capitalism because he is pained that one individual is worth $billions. Those $billions are just (and in fact often unjust) rewards for their MENTAL hardwork. . .in fact if not for anti-trust regulations and other such systemic restrictions, the wealth of folks like Gates and others would easily count in the hundreds of billions. . .and they would deserve every penny of it. After their hard/smart work, some lazy black creep would sit in his worn couch and demand that he gets a share of the spoils! This 'Area Boy' and 'Omo Onile' mentality underscores the black man's inherent laziness, love for free lunch, and unwillingness to create value by applying his brain. Yet when they see successful societies such as the USA, all they do is whine and [/s][s] concoct stoopid theories about how such success directly correlates to the exploitation of blacks. For how long would they keep lamenting like the biblical Job?[/s]
STOLEN EVERYTHING
PoliticsRe: Naija is blessed by MandingoII(m): 3:14pm On Oct 13, 2010
why is there nobody in here backing you assertions huh
PoliticsRe: Why Is America So Blessed? by MandingoII(m): 5:11am On Oct 13, 2010
here Davidylan, educate yourself, because I'm begining to believe you ONLY learn from what you HEAR!


American colonialism,


The creation of democracy in America was done along racial lines as European settlers began to pour into this country. The Native Americans were considered ignorant and savage even though the White settlers had little formal education. The settlers did have a racial belief that they considered themselves superior on the basis of “race.”

There were fierce conflicts between the tribes because of tribal differences. There were Apache, Comanche, Navajo, Pueblo, Waco, Kiowa, and many others. However, these distinctions were made to disappear with the racialized idea that they were simply all “Indians.”

The term “Indian” did not exist prior to the coming of Columbus. Upon his voyage to the new world, he mistakenly believed he had landed in India. Unfortunately, this mistake was beneficial for racialized settlers who desired to lump all of these various people into one category.

This invented racial fusion permitted labels like “hostiles” and “savages” to become justifications for genocide. Fearful of colonial incursions into the Western Hemisphere by European powers, the United States initiated a policy that would become known as the Monroe Doctrine in 1823. Though the U.S. would practice its own brand of colonial domination under the Doctrine of Manifest Destiny, the Monroe Doctrine declared that the Americas were off limits to European expansion.

This doctrine was aided by the fact that the Americas were separated from Europe by the Atlantic Ocean and could remain relatively isolated from the events there. It did not prevent the U.S. from taking Florida from the Spanish in 1821, Native American lands under the Indian Removal Act of 1830, Mexican lands in 1836, the conquest and genocide of the Hawaiian people and the taking of their land in 1890, and finally the taking of Cuba in 1898 from the Spanish. These conquests enabled the U.S. to become a colonial power and in the case of conquest before the end of slavery to extend slave interests into new territory.

After slavery was abolished, segregated societies flourished in the occupied areas. President Theodore Roosevelt added to the Monroe Doctrine by establishing the doctrine that became known as the Roosevelt Corollary. This doctrine allowed for the intervention and invasion of countries in the region by so-called “civilized nations” against nations that had a majority non-White population.

When the U.S. constructed the Panama Canal in 1914, this doctrine was used to maintain control of the canal and invade the country if the people there ever tried to exercise control over their own land. Colonialism is the practice of economic, racial, cultural, and religious domination, which involves the subjugation of one group of people to another. Settlers are an important component to this system.

In modern times, colonialism differs from imperialism in that it implies a racialized context and settler designs. Racism based on skin color is a relatively new phenomenon, having developed from the African slave trade. Like colonialism, imperialism also involves political and economic control over a dependent territory.
Unlike imperialism, colonialism involves the transfer of settlers with the aim of replacing the native population or turning that population into subject people.

The principles of colonialism are generally universal. These principles may vary in form from place to place but include the following general approaches.
Colonialism sought to gain and maintain power by reconstructing ethnic identities and culture through economic means, providing jobs for some and not for others, which institutionalized a higher and lower order of ethnic-based division.

For example, Tutsi populations were placed on top of the power pyramid over the Hutu population in Rwanda, which many years later resulted in the Rwandan Genocide. This ethnic-based class structure was aligned with those that more closely resembled Europeans—physically or culturally.
In order to maintain control of conquered areas, foreign settler populations reshaped borders over existing traditional borders thus creating disputes that will last even after the conquering colonial armies are defeated by anti-colonial national liberation movements.

American colonialism applied some of these methods using various forms. Those desiring to replace Native Americans with White settlers, often encouraged settlers to “go west,” in that they could provide a force that would eventually replace the native population.
New Mexico, for example, was once populated with large numbers of Pueblo Indians.

It was not until Whites outnumbered Pueblos that statehood would become a reality. Once the native populations are removed or neutralized, the colonial power begins the influx of settlers, which can defend and hold on to the conquered territory.
The promise of free land to settlers in areas once controlled by Mexico pushed Native Americans out of existence, as they were forced onto reservations or killed. The California Gold Rush helped to cement an occupying Anglo population upon Indian lands.

Settler domination becomes a key component to forcibly taking land, and supplying a racist doctrine of superiority provides the justification.
As early as the 1700s, doctrines of pseudo-scientists provided the foundations of White supremacy around the world.
PoliticsRe: Why Is America So Blessed? by MandingoII(m): 5:00am On Oct 13, 2010
and why shld they care about you? Bill Gates, Warren Buffet, Mark Zuckerberg . . . are all "conniving bastards"? Where were you when they were applying their brains to create wealth? Why shld they share their wealth with a lazy dreg like you? Sorry . . . it is this undeserved entitlement mentality that has blacks at the bottom of every development indices the world over. Living in America hasnt helped change this one bit.
[size=16pt]You are a FAKE a Quack a Brou Ha Ha.[/size]

On the American Landscape you are NOTHING AND WILL RETURN TO NOTHINGNESS.

You are merely a grain of sand on a beach and if Blown- you will not be missed.
PoliticsRe: Why Is America So Blessed? by MandingoII(m): 4:52am On Oct 13, 2010
LOL.

We were discussing this in one of my business class.
You have a GOOD TEACHER.  He's willing to "tell the truth and bear witness."

Essentially our lifestyle should be one of UNTOLD WEALTH.  Everything is here for us in Abundance.  Yet, there are a group of wealthy people holding onto all the wealth.

How can you spend a billion dollars in your lifetime?

American Elites are some Greedy, conniving, scandalous Bastards.  They do not care about NOBODY OR NOTHING except getting more MONEY!

yet almost everybody in America BELIEVES that they will someday/somehow become Rich huh huh

They die poor/broke and dreaming.

Then have people like Davidylan that will DO ANYTHING including licking their butts - just to be in their company.

A wretched sellout, indeed!
PoliticsRe: Why Is America So Blessed? by MandingoII(m): 4:45am On Oct 13, 2010
and somehow your black theology has helped you all to where exactly? you're all still busy behind the macdonalds desks anyway. smh
you got the wrong one playa.  McDonald is a poor mans food.

I'm to upscale to be eating grinded up cows
PoliticsRe: Why Is America So Blessed? by MandingoII(m): 4:42am On Oct 13, 2010
[size=14pt]America is in a Depression!!![/size]

don't believe the hype.  People here are Mentally Screwed up because they cannot find jobs.  OR Angry that they have to work at Jobs they Hate!
and the dollar does not STRETCH as far as it used to.


According to Rosenberg, "You know you are in a depression when:

"Congress (extends) jobless benefits seven times (in the past two years) when almost half (of those) unemployed have been looking for at least a half year;"
the adult male unemployment rate (25 - 54 years) "hit a post-WW II (high and still tops) the 1982 peak," the worst then since the Great Depression;
"youth unemployment is stuck near 25%," and for inner-city black youths it's 80% or higher; "these developments will have profound long-term consequences - social, economic and political;"
the depression's fiscal costs keep mounting, the federal deficit soaring with no end to it in sight;
for over a year into a supposed recovery, the Fed still contemplates new ways to stimulate growth, its tool, of course, printing money (funny money, or as one analyst calls it, "toilet paper"wink and quantitative easing, compounding the deficit, or the equivalent of throwing fuel on a fire instead of monetary and fiscal sanity plus sound economy policies to extinguish it;
after two years of record trillion dollar plus deficits to kick-start the economy, interest rates are shockingly low, flashing weakness, not strength; to wit, on August 24, the 5-year note was 1.36%, 7-year at $1.95%, 10-year at 2.50%, and 30 year at 3.57%; as well as 30-year fixed mortgage rates at record lows below 4.5% (4.42% on August 24), despite "no fewer than eight (government) programs to put a floor under the housing market;" we're in big trouble "when (Washington) can expend so many resources (on) one sector" in vain;
the FDIC keeps shuttering more banks; again, the carnage keeps spreading, yet most economists cling tenaciously an economic recovery theme, at most hit by a soft patch; Rosenberg's response - "Some recovery (when) the private credit market is basically defunct, what replaced it was rampant government intervention (buying time) by trying to (put) a floor under the economy;" once it stops, and it will, they'll be no hiding the dire truth, and no end of pain for growing millions.
The Worst Is Yet to Come
Financial expert and investor safety advocate Martin Weiss began warning about a major economic decline long before it began and keeps at it, citing evidence most analysts downplay or ignore, including:

America's worst ever housing depression showing no signs of abating; since January 2006, housing starts alone have plunged from 2.3 million annually to a recent 477,000 low that may not yet reflect a bottom because demand is so weak for this bellwether industry;
record long-term unemployment, its worst since first officially tabulated over 60 years ago; and
"the most chronic credit squeeze ever recorded, suffer(ing) its deepest plunge since WW II."
As a result, he sees deepening economic trouble ahead, no matter what steps the administration, Congress or the Fed undertake. He expects little more stimulus, just another futile central bank attempt to print money (lots of it) to buy time. "These paper dollars will not create real prosperity," just an illusory, "temporary, false prosperity," but none at all for most people, hung out to dry on their own.

He also expects a sovereign debt crisis to hammer Europe and the US, saying America's plight exceeds the dire situation of PIIGS countries (Portugal, Italy, Ireland, Greece and Spain), citing the Bank of International Settlements (the central bank of central bankers) saying US debt will hit 400% of GDP, more than triple Greece's burden at 129% that plunged the country into (undeclared) bankruptcy. Indeed the worst for America is yet to come.

America Is Already Bankrupt
Boston University Economics Professor Laurence Kotlikoff explains it in his August 10 article, titled "US Is Bankrupt and We Don't Even Know It," saying:

"Let's get real. The US is bankrupt. Neither spending more nor taxing less will help the country pay its bills." What's needed, he says, is reengineering the economy by "radically simplify(ing) its tax, healthcare, retirement and financial systems, " Revitalization depends on it with unfunded liabilities topping $110 trillion and growing. Even the IMF is worried, saying "closing (America's) fiscal gap requires a permanent annual fiscal adjustment equal to about 14 percent of US GDP," meaning, of course, from working households, not corporate interests or national security, the most glaring areas needing reform.

The fiscal gap represents "the difference between projected spending (including debt service) and projected revenue in all future years. (It's) the government's credit-card bill and each year's 14 percent GDP is the interest on that bill."

When it's not paid, it increases the balance owed. And each trillion the Fed prints bailing out bankers compounds it. Make them pay, not the public they robbed, starting with shutting them down, breaking them up, seizing their assets, and nationalizing them for the collective good.

Kotlikoff is scary saying "Uncle Sam's Ponzi scheme will stop, (perhaps) in a very nasty manner," citing three possibilities:

massive benefit cuts on retirees;
huge tax increases hitting working Americans hardest, and/or
printing vast amounts of money ad infinitum until debt overload crashes the economy eventually.
Calling America "Worse than Greece," he believes "Most likely we will see a combination of all three responses with dramatic increases in poverty, tax(es), interest rates and consumer prices," the path we're on heading us for the worst of all possible worlds.

Based on the latest Congressional Budget Office (CBO) data, he calculates a $202 trillion fiscal gap - "more than 15 times the official debt" because Congress "label(s) most of its liabilities 'unofficial' to keep them off the books, (out of sight) and far in the future" to concern other officials, not them. Labeling, of course, isn't fixing. It's just concealing unpleasant realities, letting others, not them, face the music in out years.

Current federal revenue totals $14.9% of GDP, the IMF saying that closing it requires "an immediate and permanent doubling of our personal-income, corporate and federal taxes as well as the payroll levy set down in the Federal Insurance Contribution Act."

Such policy would produce a 5% surplus this year, the IMF prescribing ad infinitum fiscal austerity, saying delay will make it tougher ahead. "Is the IMF bonkers?" Not at all, just preferential, wanting workers, not special interests hit hardest, the way it's raped and mauled economies for years, serving capital, not people, now aiming at America, the biggest plum of all ripe for plucking with millions of vulnerable households, easy pickings for the powerful, harming, not relieving their needs by:

cutting wages and benefits;
destroying, not creating jobs; privatizing everything for private gain; and
turning America into Guatemala, a corporatist's dream.
Indeed let's get real. Bad policy begets bad results, and bad solutions makes it worse. For sure, America is "broke and can no longer afford no-pain, all-gain 'solutions.' "

It needs responsible ones, too many to list, but here's a few:

end imperial wars and a bloated defense budget;
reinvent government to make it responsive to public needs and democratic values;
make offenders pay most, starting with Wall Street, defense contractors, Big Oil, Big Pharma, Agribusiness, and other corporate predators profiting at public expense for decades;
make now the time for payback, assuring their victims fair and equitable reimbursements;
reinvigorate industrial America;
end Wall Street's financial chokehold;
return money creation power to Congress as the Constitution mandates;
encourage publicly-owned state banks like North Dakota's, making it prosperous when most states are debt-strapped and faltering;
create full-time, good-paying jobs with benefits; don't destroy them;
bring back those offshored;
protect homeowners from foreclosure;
re-institute progressive taxes, including a Tobin tax (perhaps 1%) on all speculative financial transactions, a millionaire's/Wall Street bank levy generating a huge windfall, enough to smack if not close the budget gap, making those most able pay; for example, the Bank for International Settlements estimated annual 2008 global over-the-counter derivatives trading at $743 trillion; a 1% tax would yield $7.43 trillion, and if taxes curbed speculation, the take would still be enormous;
dismantle corporate predators;
think small and local, not big and global;
reinstitute financial, environmental, and other consumer-friendly regulations;
get money out of politics;
end the two-party monopoly;
institutionalize a free, open, fair media and Internet;
assure equitable social benefits for all, including universal, single-payer health care, government-supported public and higher education, and more; and
reinvigorate an eroding democracy before it's too late to matter.
PoliticsRe: Why Is America So Blessed? by MandingoII(m): 4:35am On Oct 13, 2010
Typical black liberal theology that holds no water. If America kicks all those folks out they will be MUCH stronger! For starters that will remove the large bulk of welfare and medicaid recipients. Crime will also go down.
You must be an ILLEGAL ALIEN IN AMERICA.

you are BITTER and your Rants are baseless.


it will be WHITE PEOPLE that will Deport you back to your ancestral land.

Besides, only 2.8 million people are on Welfare and most of those are WHITES.

*********************************
America BLEW UP on cheap Free Labor.  Today corporations are in south Asia using Cheap Labor to put together commodities. they get their CHEAP RAW MATERIALS FROM AFRICA.  Be wary of SELF-HATING AFRICANS, They will undermine you to whites to gain favor.  when in reality Whites today are STARVING TOO
PoliticsRe: Why Is America So Blessed? by MandingoII(m): 4:29am On Oct 13, 2010
Everything about the USA stands out. In politics, economy, sports, music, movies (Hollywood), lifestyle. Everything! Why are they so great? Is it how God destined it (are they the new Isreal), or is it just how things played out? What explains that supremacy of almost everything American?
America sell BullSh*&T Media across the Globe

and foreigners drink it up.

Ask your Nigerian Brotheren for the truth!!!!

And they will tell you that they WORK LIKE HELL to make a living to live in a developed society.
Foreign AffairsRe: Europe Is Still Keeping Africa In Retrograde by MandingoII(op): 4:25am On Oct 13, 2010
on the other hand I think the poster is making alot of sense, I quite agree with his closing statement when he stated that there is need for Africa to strengthen its trade ties with emerging countries in the east like china,russia,india and brazil, the world is now a global village and africa shouldnt be left out.
So there are THINKERS on this site.

Whew, huh I thought it was a bunch of emotional midgets looking for a tribal fight to rally around.
Foreign AffairsEurope Is Still Keeping Africa In Retrograde by MandingoII(op): 3:49pm On Oct 11, 2010
Africa's Future Is Limited by Trade Ties to Europe

The continent's prospects for growth are rosy, according to IMF and World Bank economists who met this week in Washington, D.C. But to create a truly independent economy, Africa must focus on its growing trade with Asia and Latin America and dismantle its colonial alignments.

When the global financial system went into a convulsion that eventually became what economic experts now refer to as the Great Recession, most pundits said that Africa, with its unsophisticated financial systems, would sail through the crisis unscathed. Proponents of this theory argued that Africa was "de-coupled" from the global economy, and the popular thinking was that the stunning collapse of erstwhile financial giants like Lehman Brothers would have ramifications only in the U.S., Europe and Asia, whose monetary systems were conjoined by subsidiary operations of the mammoth multinational banks and mortgage providers.

But this prognosis changed swiftly as the economic woes in the developed world deepened, drying up demand for African export goods, killing tourism and battering African countries' currencies, with most losing value at a frightening rate because of the sudden drop in foreign cash inflows. The slowdown in demand from advanced economies pulled back economic growth for the 53 African states from an average of 5 percent in the decade before the crisis to a paltry 1.8 percent in 2009.

Africa's economies were also affected by the global economic downturn because of the millions of Africans who reside and work in developed economies -- the majority of them in the U.S. -- and send home billions of dollars every month. The World Bank estimates that the Great Recession caused a 6 percent drop in such remittances last year, in which developing countries received $316 billion.

Economic chiefs who gathered in Washington, D.C., this week for the annual International Monetary Fund and World Bank meetings, however, all agreed that the global economy has turned the corner since those ominous months in late 2008 when news about collapsing banks seemed to come at a greater frequency than weather updates. And the African continent, with its population of 1 billion, is once again getting rosy assessments of its economic prospects.

"The rate of growth [in sub-Saharan Africa] is back to something like 5 percent. This time, growth is coming back in Africa at the same rates as other parts of the world," IMF Managing Director Dominique Strauss-Kahn declared at the opening plenary on Friday.

A Brighter Future for Africa?


The glowing reports will rightly hearten many in the world's poorest continent, whose huge economic potential remains bottled up by a fateful combination of historical injustices and corrupt leadership. But the bullish projections are also an eerie reminder of the mistakes that African policymakers, acting on similar assessments, made in late 2008 and early 2009.

Convinced that the crisis had little chance of spilling over to their borders, African finance ministers continued implementing the policies they had before the crisis, only to realize rather late in the day that they also needed to cushion their economies by rolling out stimulus packages similar to the ones that were announced in advanced and emerging economies.

It does not take a genius to realize that Africa's colonial past has strapped the continent's economic fortunes to its former colonial masters, who have erected such enormous trade barriers within the continent that only about 10 percent (by IMF estimates) of total exports produced in Africa are traded within the continent. More than half of all other exports -- which are primarily unprocessed agricultural goods, oil and minerals -- find their way to European countries, which to this day continue to benefit from economic exploitation of the continent.

China and the United States make up the other key destination markets for African goods.




The continent's prospects for growth are rosy, according to IMF and World Bank economists who met this week in Washington, D.C. But to create a truly independent economy, Africa must focus on its growing trade with Asia and Latin America and dismantle its colonial alignments.

It would not matter if African countries had been able to choose their trade partners and decided to ship half of their products to Europe. But Africa did not have any say in designing the lopsided trade alignments that colonialists entrenched in the mid- to late 1800s by ruthlessly subdividing what was once a united continent into colonies whose primary purpose was to produce raw materials for resource-hungry European factories.

By imposing national borders without regard to the harmonious coexistence and trade ties that had prevailed for centuries, the colonialists split up not only a continent but also, in many cases, families. They then introduced punitive cross-border trade tariffs that to this day make it staggeringly more expensive to transport goods from, say, Kenya in the east to Nigeria in the west than it is to send them to London.

It therefore seems disingenuous at best to assert that Africa's economy will continue to boom even as recovery in advanced economies and particularly Europe remains in doubt. By the IMF's and the World Bank's own assessments, economic recovery is still weak in Europe and is not likely to translate into the kind of demand for goods and services that Africa needs in order to return to and sustain pre-crisis growth rates.

Trade Beyond Europe


High unemployment and jitters about the possibility of a double-dip recession have knocked consumer confidence in Europe and the U.S., diminishing growth-fueling demand that was the key driver of these economies before the downturn. The unusually high debts of some European countries, such as Greece and the Republic of Ireland, have also overshadowed the recovery, fueling market fears that these governments are holding too much debt on their books, which could trigger a default.

Africa is increasingly turning to China, Brazil, India, and other Asian and Latin American countries for new trade partnerships that not only seek to exploit the continent's natural resources but also promise -- as in the case of China, which is building thousands of miles of roads on the continent -- to be mutually beneficial.

It is not easy to undo overnight what has been well-established for more than a century, but the movement toward the East, and ongoing promotion of intra-Africa trade, are steps in the right direction for African economies that seek to gain true economic independence.

For the time being, however, and as the Great Recession has demonstrated, Africa's economic fortunes will continue to rise and fall with those of Europe and the U.S. As a result, the continent should take all of those rosy economic projections with a pinch of salt.

Njaramba Gikunju is a journalist based in Nairobi, Kenya.
PoliticsRe: Warning: Patience Jonathan Will Bleep Nigeria Dry! by MandingoII(m): 12:03am On Oct 05, 2010
Well, if he don't some other crook will., lipsrsealed
PoliticsRe: The Inexperience Goodluck: by MandingoII(m): 7:41pm On Oct 03, 2010
NEW BLOOD
Nigeria need all the YOUTHFUL newness it can get.

Because everything in power in nigeria is OLD and decayed and got their hands in the pockets of the Oil Magnets.
PoliticsRe: Nigerian Youths Corrupt,Uninformed, Unenlightened, Semi-literate,Clueless- Video by MandingoII(m): 6:51pm On Sep 25, 2010
He who CONTROLS THE MEDIA and HAVE THE DEEPEST pockets , Win

its like that in Amerikka.

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