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" "It was a product of the irrationality of the capitalist mode of production. The search for profits caused production to run ahead of people’s capacity to purchase, and ultimately both production and employment had to be drastically reduced. Africans had nothing to do with the inherent shortcomings of capitalism; but, when Europeans were in a mess, they had no scruples about intensifying the exploitation of Africa. The economic depression was not a situation from which Britain could benefit at the expense of Sweden or where Belgium could gain at the expense of the U.S.A. They were all drowning, and that was why the benefits of the colonies saved not only the colonizing powers but all capitalist nations.
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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It was in Southern Africa that there emerged the most carefully planned structures of interlocking directorates, holding companies, and giant corporations which were multinational both in their capital subscriptions and through the fact that their economic activities were dispersed in many lands. Individual entrepreneurs like Oppenheimer made huge fortunes from the Southern African soil, but Southern Africa was never really in the era of individual and family businesses, characteristic of Europe and America up to the early part of this century. The big mining companies were impersonal professional things. They were organized in terms of personnel, production, marketing, advertising, and they could undertake long-term commitments. At all times, inner productive forces gave capitalism its drive towards expansion and domination. It was the system which expanded. But in addition, one can see in Africa and in Southern Africa in particular the rise of a capitalist superstructure manned by individuals capable of consciously planning the exploitation of resources right into the next century, and aiming at racist domination of the black people of Africa until the end of time.
Development in human society is a many-sided process. At the level of the individual, it implies increased skill and capacity, greater freedom, creativity, self-discipline, responsibility, and material well-being. Some of these are virtually moral categories and are difficult to evaluate—depending as they do on the age in which one lives, one’s class origins, and one’s personal code of what is wrong. However, what is indisputable is that the achievement of any of those aspects of personal development is very much tied in with the state of the society as a whole. From earliest times, man found it convenient and necessary to come together in groups to hunt and for the sake of survival. The relations which develop within any given social group are crucial to an understanding of the society as a whole. Freedom, responsibility, skill, have real meaning only in terms of the relations of men in society.
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Failure to improve agricultural tools and methods on behalf of African peasants was not a matter of a bad decision by colonial policy-makers. It was an inescapable feature of colonialism as a whole, based on the understanding that the international division of labor aimed at skills in the metropoles and low-level manpower in the dependencies. It was also a result of the considerable use of force (including taxation) in African labor relations. People can be forced to perform simple manual labor, but very little else.