₦airaland Forum

They said Africa need money to ‘Develop’. So they lend money to our governments to ‘develop’ our countries.

That’s how we got in debt.

Now, ask yourself, “who lent money to Europe to develop?”, “Where did they found the money to finance their development?”, “Did Africa lend money to Europe or give her Aid to lift her from Dark age?”

The same question for China. “Who lent money to China to develop?”, “Where did they found the money to finance their development without debt?”

In the middle of the 20th century when Europe was considered developed, they owed no debt to other continents or races.

At the beginning of the 21st century when China was considered a developed country, they owed no debt to other continents or races. In the contrary, they were net creditors.

Does this mean that a country or region could develop without debt? How is it possible? What is the secret?

Stealing. Yes, stealing or taking by a way or another what is not yours in the first place.

Europe stole other nations resources. China stole american and European technology for its industrialization.

According to General Keith B. Alexander, the director of the american spy organization “National Security Agency” (NSA), the Chinese theft of
proprietary data from United States companies in sectors including defense, technology, aerospace, oil and gas, represents the “greatest transfer of wealth in history.”

Capitalism is about stealing. You cannot develop a capitalistic society without carefully learning how to steal, and effectively go and steal, without moral embarrassment.

You want a capitalist society? Baby, Go learn the hard balls rules. Stop reading the propaganda literature and get rid of the naive perspective.

Smiling, being kind, honest are not in the playbook and would not give bonus points or joker.

‘Development’ through debt for a country is a trap. It just mean selling your country to foreigners.

Now, if you’d tell me, you don’t want a capitalistic society, then we can have the moral debate.

Every choice calls for a separate playbook.

May God harden the heart of Africans

How can we steal from these people then?

Very nice and incisive writeup.Kudos

A corruption laden society like Nig will never develop because we lack the patriotsm spirit. This coupled with mutual animosity btw various tribes and religious groups and sets, parasitic mentality of some parts and laziness induced by 'oyel' money is an active volcano. If it's not throwing ashes up to disrupt the flight of progress, it's erupting molten flowing fire and living destructions on its trail. Nig is doomed, sad to say but true.

ybalogs:
How can we steal from these people then?

Product and tech imitation and stealing trade secrect of their multinational companies.

ybalogs:
How can we steal from these people then?

lol they know how to Get us .. They know we are greedy

what u're saying is like telling a rich man's son to go n steal in order to maintain his status as a rich kid because the father is not giving him enough money

Luizkid:
what u're saying is like telling a rich man's son to go n steal in order to maintain his status as a rich kid because the father is not giving him enough money

something like that

Capitalism is all about greed and expansionism, anybody hanging on territorial protectionism will be crushed by the forces of capitalism

basilo102:
Capitalism is all about greed and expansionism, anybody hanging on territorial protectionism will be crushed by the forces of capitalism

yes you are right . Opening Africans countries to capitalism would be comparable to mindless Chickens calling upon a band of Hyenas for a competition in a free market where no one will intervene between both parties.

Trash write up. If theft and stealing was all it took to make economy great. Then colomial empires would be prone to collapse. Britain would have let go all of it colonies. Colonial imperialism isn't profitable reason being having large army to control people is difficult and expensive. Then the reward doesn't benefit masses.

Next point during 1400's-1800s Europe escaped back water status because of enlightenment thinking and greater liberalising of market economy. They were still mainly mercantile economy where colonies gave most of resources to center.

China did take technology but they were dirt poor communists race patty before the liberalising of economy. The Chinese didn't steal everything like you make it seem. It was the trade policies that gave them extra help as well.

Yes banking and dept did help Europe grow in that period your talking about. The banking sector used land as collateral and even had stock markets and various types of financial services.

Taking on crippling debt from loan shark IMF is not answer following models that Asian tigers did would be better step. They had plenty of foreign people give loans and invest in their markets. The big thing is keep debt denominated in your own currency.

Capitalism isn't about theft it's about free exchange of goods and services. If you look at index of capitalist nations you'll see they are usually richest nations. Then the people with in them have higher standards of living. How do you explain sigapore hong, Kong and rest of people on list?


Ps. If anyone thinks theft is answer please go steal trade secrets or steal resources from weaker neighbors in West Africa.

ShoProperties:
yes you are right . Opening Africans countries to capitalism would be comparable to mindless Chickens calling upon a band of Hyenas for a competition in a free market where no one will intervene between both parties.

True, under such circumstance some chickens may prove that they were mistaken for chickens while they were lions afterall

basilo102:
True, under such circumstance some chickens may prove that they were mistaken for chickens while they were lions afterall

lol

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