It is a common myth within capitalist thought that the individual through drive and hard work can become a capitalist. In the U.S.A., it is usual to … - Walter Rodney

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It is a common myth within capitalist thought that the individual through drive and hard work can become a capitalist. In the U.S.A., it is usual to refer to an individual like John D. Rockefeller, Sr., as someone who rose "from rags to riches." To complete the moral of the Rockefeller success story, it would be necessary to fill in the details on all the millions of people who had to be exploited in order for one man to become a multimillionaire. The acquisition of wealth is not due to hard work alone, or the Africans working as slaves in America and the West Indies would have been the wealthiest group in the world. The individualism of the capitalist must be seen against the hard and unrewarded work of the masses.

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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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In those parts of the continent where land was still in African hands, colonial governments forced Africans to produce cash crops no matter how low the prices were. The favorite technique was taxation. Money taxes were introduced on numerous items—cattle, land, houses, and the people themselves. Money to pay taxes was got by growing cash crops or working on European farms or in their mines. [...] Finally, when all else failed, colonial powers resorted widely to the physical coercion of labor—backed up of course by legal sanctions, since anything which the colonial government chose to do was “legal.”

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).

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