Posts Tagged ‘capital flight’

Africa’s Missing Money

"The danger to world peace springs not from the action of those who seek to end neo-colonialism but from the inaction of those who allow it to continue." Kwame Nkrumah, Neo-Colonialism, p. 259

Next time you read about some corrupt African leader looting his country, lining the pockets of his cronies, stashing millions in Swiss bank accounts, buying villas in Paris and penthouse apartments in New York, setting up his playboy son to run some excessively lucrative state enterprise or another while the people of said country live in abject poverty, hold your reaction. Before you sigh and bemoan Africa’s cultures of corruption, callous despots, and managerial ineptitude, stop and ask yourself what’s missing from the picture.  Continue reading . . .

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