Shulph Ink
Africa and the Global System of Capital Accumulation
Africa and the Global System of Capital Accumulation
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Africa and the Global System of Capital Accumulation explores how Africa is exploited for its resources and labor, leading to the enrichment of foreign investors and the impoverishment of African populations. It demonstrates that primitive accumulation is an integral part of capitalism and incorporates racism as an organizing tool for the exploitation of labor. Case studies are presented on various African countries, and chapters analyze the interests of Russia and China in Africa.
\n Format: Hardback
\n Length: 276 pages
\n Publication date: 11 May 2021
\n Publisher: Taylor & Francis Ltd
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Africa and the Global System of Capital Accumulation is a groundbreaking exploration of the strategic significance of Africa within the global capitalist economy. The exploitation of Africa's abundant resources, coupled with the labor of its people, enables major world powers to maintain their authority.
This exploitation allows them to sustain their authority over their middle-class populations while rewarding African collaborators in leadership positions for subjecting their populations to poverty and desperation. Middle-class obsessions such as computers, mobile phones, cars, and the petroleum that fuels them, diamonds, chocolate, and other luxury goods, require African resources that are often obtained through child or slave labor. This labor generates billions for foreign investors while leaving most Africans in poverty. Oritsejafor and Cooper argue that primitive accumulation, which Adam Smith and Karl Marx believed to be a precursor to capitalism, is actually an integral part of capitalism. They further validate the thesis that capitalism incorporates racism as an organizing tool for the exploitation of labor in Africa and on a global scale.
Case studies are presented on Nigeria, Cote d'Ivoire, Ghana, Liberia, Congo, Tanzania, Somalia, Angola, Namibia, Sao Tome and Principe, and South Sudan. Additionally, chapters are dedicated to analyzing the interests of Russia and China in Africa. This book holds immense interest for students and scholars of African politics, development, and economics.
\n Weight: 582g\n
Dimension: 160 x 242 x 25 (mm)\n
ISBN-13: 9780367430900\n \n
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