Colonialism induced the African ironworker to abandon the process of extracting iron from the soil and to concentrate instead on working scraps of me… - Walter Rodney

One of the main purposes of the colonial taxation system was to provide requisite funds for administering the colony as a field of exploitation. European colonizers insured that Africans paid for the upkeep of the governors and police who oppressed them and served as watchdogs for private capitalists. Indeed, taxes and customs duties were levied in the nineteenth century with the aim of allowing the colonial powers to recover the costs of the armed forces which they dispatched to conquer Africa. In effect, therefore, the colonial governments never put a penny into the colonies. All expenses were met by exploiting the labor and natural resources of the continent; and for all practical purposes the expense of maintaining the colonial government machinery was a form of alienation of the products of African labor.

In recent times, economists have been recognizing in colonial and post-colonial Africa a pattern that has been termed "growth without development." That phrase has now appeared as the title of books on Liberia and Ivory Coast. It means that goods and services of a certain type are on the increase. There may be more rubber and coffee exported, there may be more cars imported with the proceeds, and there may be more gasoline stations built to service the cars. But the profit goes abroad, and the economy becomes more and more a dependency of the metropoles. In no African colony was there economic integration, or any provision for making the economy self-sustained and geared to its own local goals. Therefore, there was growth of the so-called enclave import-export sector, but the only things which developed were dependency and underdevelopment. A further revelation of growth without development under colonialism was the overdependence on one or two exports. The term "monoculture" is used to describe those colonial economies which were centered around a single crop. Liberia (in the agricultural sector) was a monoculture dependent on rubber, Gold Coast on cocoa, Dahomey and southeast Nigeria on palm produce, Sudan on cotton, Tanganyika on sisal, and Uganda on cotton. In Senegal and Gambia, groundnuts accounted for 85 to 90 per cent of money earnings. In effect, two African colonies were told to grow nothing but peanuts!

He who makes the powder wins the war.