United States capitalists did not confine themselves to mere trade with Africa, but they also acquired considerable assets within the colonies. It is… - Walter Rodney

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United States capitalists did not confine themselves to mere trade with Africa, but they also acquired considerable assets within the colonies. It is common knowledge that Liberia was an American colony in everything but name. The U.S.A. supposedly aided the Liberian government with loans, but used the opportunity to take over Liberian customs revenue, to plunder thousands of square miles of Liberian land, and generally to dictate to the weak .

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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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The overall range of trade goods which left the European ports of , , and was determined almost exclusively by the pattern of production and consumption within Europe. From the beginning, Europe assumed the power to make decisions within the international trading system. An excellent illustration of that is the fact that the so-called international law which governed the conduct of nations on the high seas was nothing else but European law. Africans did not participate in its making, and in many instances, African people were simply the victims, for the law recognized them only as transportable merchandise. If the African slave was thrown overboard at sea, the only legal problem that arose was whether or not the slave ship could claim compensation from the insurers! Above all, European decision-making power was exercised in selecting what Africa should export—in accordance with European needs.

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The composition of should serve as a warning that colonialism was not simply a matter of ties between a given colony and its mother country, but between colonies on the one hand and metropoles on the other. The German capital in Unilever joined the British in exploiting Africa and the Dutch in exploiting the East Indies. The rewards spread through the capitalist system in such a way that even those capitalist nations who were not colonial powers were also beneficiaries of the spoils. Unilever factories established in Switzerland, New Zealand, Canada, and the U.S.A. were participants in the expropriation of Africa’s surplus and in using that surplus for their own development.

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