Gold is required in large quantities only in a society which produces a very large economic surplus and can afford to transform part of that surplus … - Walter Rodney

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Gold is required in large quantities only in a society which produces a very large economic surplus and can afford to transform part of that surplus into gold for prestige purposes (as in India) or into coinage and money to promote capitalism (as in Western Europe).

English
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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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Portugal was the lowliest of the colonizing powers in Africa, and its was nothing in Europe without its colonies: so much so that it came to insist that Angola, Mozambique, and Guinea were integral parts of Portugal, just like any province of the European country named Portugal.

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Revolution is the most dramatic appearance of a conscious people or class on the stage of history; but, to greater or lesser extent, the ruling class in any society is always engaged in the developmental process as conscious instruments of change or conservatism.

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