Capitalism has proved incapable of transcending fundamental weaknesses such as underutilization of productive capacity, the persistence of a permanen… - Walter Rodney
" "Capitalism has proved incapable of transcending fundamental weaknesses such as underutilization of productive capacity, the persistence of a permanent sector of unemployed, and periodic related to the concept of “market”—which is concerned with people’s ability to pay rather than their need for commodities. Capitalism has created its own irrationalities such as a vicious white racism, the tremendous waste associated with advertising, and the irrationality of incredible poverty in the midst of wealth and wastage even inside the biggest capitalist economies, such as that of the United States of America. Above all, capitalism has intensified its own political contradictions in trying to subjugate nations and continents outside of Europe, so that workers and peasants in every part of the globe have become self-conscious and are determined to take their destiny into their own hands.
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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
The efficient accounting and business methods which are supposed to characterize capitalist firms did not drop from the sky. They are the result of historical evolution, and in that evolution the exploitation of Africa played a key role—from the era of the chartered companies right through the colonial period.
is manifesting itself in Africa as a chronic symptom of the underdevelopment of political life within the imperialist context. Military coups have followed one after the other, usually meaning nothing to the mass of the people, and sometimes representing a reactionary reversal of the efforts at national liberation. This trend was well exemplified in Latin American history, so that its appearance in neo-colonial South Vietnam or in neo-colonial Africa is not at all surprising. If economic power is centered outside national African boundaries, then political and military power in any real sense is also centered outside until, and unless, the masses of peasants and workers are mobilized to offer an alternative to the system of sham political independence.
In some quarters it has often been thought wise to substitute the term "developing" for "underdeveloped". One of the reasons for so doing is to avoid any unpleasantness which may be attached to the second term, which might be interpreted as meaning underdeveloped mentally, physically, morally, or in any other respect. Actually, if “underdevelopment” were related to anything other than comparing economies, then the most underdeveloped country in the world would be the U.S.A., which practices external oppression on a massive scale, while internally there is a blend of exploitation, brutality, and psychiatric disorder.
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