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More far-reaching than just trade is the actual ownership of the means of production in one country by the citizens of another. When citizens of Euro… - Walter Rodney
" "More far-reaching than just trade is the actual ownership of the means of production in one country by the citizens of another. When citizens of Europe own the land and the mines of Africa, this is the most direct way of sucking the African continent. Under colonialism the ownership was complete and backed by military domination. Today, in many African countries the foreign ownership is still present, although the armies and flags of foreign powers have been removed. So long as foreigners own land, mines, factories, banks, insurance companies, means of transportation, newspapers, power stations, then for so long will the wealth of Africa flow outwards into the hands of those elements. In other words, in the absence of direct political control, foreign investment insures that the natural resources and the labor of Africa produce economic value which is lost to the continent.
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About Walter Rodney
Walter Rodney (23 March 1942 – 13 June 1980) was a prominent Guyanese historian, political activist and preeminent scholar, who was assassinated in Guyana in 1980.
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Alternative Names:
Walter Anthony Rodney
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Additional quotes by Walter Rodney
In speaking of the European slave trade, mention must be made of the U.S.A., not only because its dominant population was European but also because Europe transferred its capitalist institutions more completely to North America than to any other part of the globe, and established a powerful form of capitalism—after eliminating the indigenous inhabitants and exploiting the labor of millions of Africans.
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When sent in his agents to rob and steal in Zimbabwe, they and other Europeans marveled at the surviving ruins of the Zimbabwe culture, and automatically assumed that it had been built by white people. Even today there is still a tendency to consider the achievements with a sense of wonder rather than with the calm acceptance that it was a perfectly logical outgrowth of human social development within Africa, as part of the universal process by which man’s labor opened up new horizons. The sense of reality can only be restored by making it clear that the architecture rested on a foundation of advanced agriculture and mining, which had come into existence over centuries of evolution.
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