Tag Archives: unequal exchange

“Africa is rich, but we steal its wealth”

Africa is poor, but we can try to help its people.

It’s a simple statement, repeated through a thousand images, newspaper stories and charity appeals each year, so that it takes on the weight of truth. When we read it, we reinforce assumptions and stories about Africa that we’ve heard throughout our lives. We reconfirm our image of Africa.

Mozambique’s illegitimate hidden debt

The report on the audit on Mozambique’s “hidden” debt (2 billion dollars) made at the request of the Attorney General of Mozambique, began to circulate in late June 2017, several months behind schedule. Only the findings are currently available. They are clear: beyond the limits specified by the US cabinet Kroll: a large part of these loans are illegitimate.

Honest Accounts 2017 – How the world profits from Africa’s wealth

by Mark Curtis , Tim Jones

Profiting from Africa’s wealth

Africa is rich – in potential mineral wealth, skilled workers, booming new businesses and biodiversity. Its people should thrive, its economies prosper. Yet many people living in Africa’s 47 countries remain trapped in poverty, while much of the continent’s wealth is being extracted by those outside it.

Canada | The truth for Trudeau: We’ve been ripping off Africa for decades

by Gerald Caplan

Gerald Caplan is an Africa scholar, a former NDP national director and a regular panelist on CBC’s Power & Politics.

According to the New York Times, Donald Trump’s transition team wanted to know: “Why should we spend funds on Africa when we are suffering here in the U.S.?” Curiously enough, most Americans probably would have agreed with Mr. Trump that this was a real question. But they all share an entirely false premise.

UNCTAD14: A mirage of distorting mirrors

by Yash Tandon

People not versed in the complexities of the diplomatic world of distorted mirror images in Geneva or Accra or Nairobi may wonder in awe at the agreements negotiated in their name by their representatives in multilateral forums like UNCTAD. But, truth be told, UNCTAD is in no position to deliver the mandate that it got in Nairobi.