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One of the common means by which one nation exploits another and one that is relevant to Africa’s external relations is exploitation through trade. W… - Walter Rodney
" "One of the common means by which one nation exploits another and one that is relevant to Africa’s external relations is exploitation through trade. When the terms of trade are set by one country in a manner entirely advantageous to itself, then the trade is usually detrimental to the trading partner. To be specific, one can take the export of agricultural produce from Africa and the import of manufactured goods into Africa from Europe, North America, and Japan. The big nations establish the price of the agricultural products and subject these prices to frequent reductions. At the same time the price of manufactured goods is also set by them, along with the s necessary for trade in the ships of those nations. The minerals of Africa also fall into the same category as agricultural produce as far as pricing is concerned. The whole import-export relationship between Africa and its trading partners is one of unequal exchange and of exploitation.
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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.
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Alternative Names:
Walter Anthony Rodney
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Additional quotes by Walter Rodney
Members of the privileged groups inside Africa always defend themselves by saying that they pay the taxes which keep the government going. At face value this statement sounds reasonable, but on close examination it is really the most absurd argument and shows total ignorance of how the economy functions. Taxes do not produce national wealth and development. Wealth has to be produced out of nature—from tilling the land or mining metals or felling trees or turning raw materials into finished products for human consumption. These things are done by the vast majority of the population who are peasants and workers. There would be no incomes to tax if the laboring population did not work. The incomes given to civil servants, professionals, merchants, come from the store of wealth produced by the community. Quite apart from the injustices in the distribution of wealth, one has to dismiss the argument that “the taxpayers’” money is what develops a country. In pursuing the goal of development, one must start with the producers and move on from there to see whether the products of their labor are being rationally utilized to bring greater independence and well-being to the nation.
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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Africa’s contribution to European capitalism was far greater than mere monetary returns. The colonial system permitted the rapid development of technology and skills within the metropolitan sectors of imperialism. It also allowed for the elaboration of the modern organizational techniques of the capitalist firm and of imperialism as a whole. Indeed, colonialism gave capitalism an added lease of life and prolonged its existence in Western Europe, which had been the cradle of capitalism.
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