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

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

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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.

Also Known As

Alternative Names: Walter Anthony Rodney

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Additional quotes by Walter Rodney

It is particularly instructive to turn to the example of Egypt under Mohammed Ali, who ruled from 1805 to 1849. [...] The ideals of Mohammed Ali could be related in the idiom of modern social science as being the creation of a viable, self-propelling economy to provide the basis for national independence. Such ideals were diametrically opposed to the needs of European capitalism. British and French industrialists wanted to see Egypt not as a textile manufacturer but as a producer of raw cotton for export, and an importer of European manufactures. European financiers wanted Egypt to be a source of investment, and in the second half of the eighteenth century they turned the sultan of Egypt into an international beggar, who mortgaged the whole of Egypt to international monopoly financiers. Finally, European statesmen wanted Egyptian soil to serve as a base for exploiting India and Arabia. Therefore, the was dug out of Egyptian soil by Egyptians, but it was owned by Britain and France, who then extended political domination over Egypt and Sudan.

To fully understand the colonial period, it is necessary to think in terms of the economic partition of Africa. Unlike the political partition of the nineteenth century, the economic partition had no fixed or visible boundaries. It consisted of the proportions in which capitalist powers divided up among themselves the monetary and non-monetary gains from colonial Africa. For instance, Portugal had two large political colonies in Southern Africa, but economically Mozambique and Angola were divided among several capitalist powers, which were invited by the Portuguese government, because Portuguese capitalists were too weak to handle those vast territories.

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