A country’s wealth comes not from taxes but from production. - Walter Rodney

Over the last few decades of colonialism, colonial possessions served capitalism as a safety valve in times of crisis. The first major occasion when this was displayed was during the great economic depression of 1929–34. During that period, forced labor was increased in Africa and the prices paid to Africans for their crops were reduced. Workers were paid less and imported goods cost a great deal more. That was a time when workers in the metropolitan countries also suffered terribly; but the colonialists did the best they could to transfer the burdens of the depression away from Europe and on to the colonies.

So long as there is political power, so long as a people can be mobilized to use weapons, and so long as a society has the opportunity to define its own ideology and culture, then the people of that society have some control over their own destinies, in spite of constraints such as those imposed as the African continent slipped into orbit as a satellite of capitalist Europe. After all, although historical development is inseparable from material conditions and the state of technology, it is also partially controlled by a people’s consciousness at various stages.

European planters and miners enslaved Africans for economic reasons, so that their labor power could be exploited. Indeed, it would have been impossible to open up the and to use it as a constant generator of wealth, had it not been for African labor. There were no other alternatives: the American (Indian) population was virtually wiped out and Europe’s population was too small for settlement overseas at that time. Then, having become utterly dependent on African labor, Europeans at home and abroad found it necessary to rationalize that exploitation in racist terms as well. Oppression follows logically from exploitation, so as to guarantee the latter. Oppression of African people on purely racial grounds accompanied, strengthened, and became indistinguishable from oppression for economic reasons.