tag:blogger.com,1999:blog-2761684730989137546.post8622123457590445510..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Bill Mitchell — If Africa is rich – why is it so poor?mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2761684730989137546.post-41024675525485367272017-06-19T15:40:07.508-04:002017-06-19T15:40:07.508-04:00"Africans completely lack enforced private pr..."Africans completely lack enforced private property rights in their possessions and their bodies"<br /><br />Time to visit Botswana Bob. NeilWhttps://www.blogger.com/profile/11565959939525324309noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-971574851609293262017-06-19T14:46:13.741-04:002017-06-19T14:46:13.741-04:00Those guys use a different definition of freedom
...Those guys use a different definition of freedom<br /><br />https://anticap.files.wordpress.com/2017/06/mike4june.jpg<br /><br />They do love freedom... for them only. Not for us. No siree. For us it is Pinochet.Magpiehttps://www.blogger.com/profile/07528637318288802178noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-57474253824692147522017-06-19T14:26:43.039-04:002017-06-19T14:26:43.039-04:00"7. Capitalists praise freedom and individual..."7. Capitalists praise freedom and individualism, but they destroy freedom and individualism for everyone but themselves. The vast majority of us who work for a living are daily asked to uncritically follow orders, to act as if we are machines, and limit our creativity to what profits our bosses."<br /><br />https://www.counterpunch.org/2014/08/13/top-10-reasons-to-hate-capitalism/Kaiveyhttps://www.blogger.com/profile/04195639305785321786noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-8302776669406057262017-06-19T13:25:56.868-04:002017-06-19T13:25:56.868-04:00Africans completely lack enforced private property...<i>Africans completely lack enforced private property rights in their possessions and their bodies. They are not physically safe and there is no neutral and efficient court system to quickly and fairly rectify violent assaults and fraud. Thus, their problems have nothing to do with "capitalism" or a free market.</i><br /><br />Somewhat of a generalization about all of Africa and the progress some areas have made. It also rest on the naïve assumption that Western liberal institutions can be exported like Western technology, for example, and that the "natural laws" of economics apply everywhere equally.<br /><br />However, colonialism, racism, tribalism, traditionalism, and a host of other sociological factors supervene.<br /><br />Development is a process and the Global South behind the curve relative to the Global North, and the process has begun earlier is some places and also proceeded faster in some places rather than others, owing to differences in conditions.<br /><br />Globalization is going to continue to go forward, albeit in fits and starts and neoliberal globalization is not necessarily the path it will continue to take. I have said that then process could take 500 years, which is what it took the Global North to develop, and it could involve a similar amount of conflict and disruption.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-36069027301841989632017-06-19T10:44:46.932-04:002017-06-19T10:44:46.932-04:00Development aid – providing funds to develop publi...<i>Development aid – providing funds to develop public infrastructure, education, health services and governance support.</i><br /><br />The root of the problem is poor governance, which suits the aims of the 'extractors' just fine. The order of this list is putting the cart before the horse.<br /><br />Nary a word about Chinese investment in Africa, and a comparison between its approach and those of the western-based institutions.Peter Panhttps://www.blogger.com/profile/09473311771939167712noreply@blogger.com