Confessions of An Economic Hitman
MEMBERS & VISITORS:
Confessions of an Economic Hitman
In “Confessions of an Economic Hitman,” John Perkins primarily focuses on his experiences and the economic colonization of various countries around the world, particularly in Latin America, Asia, and the Middle East. While he does not make direct references to Africa or specific African nations in his book, his accounts shed light on the tactics used by economic hitmen to exploit resources and control governments in developing countries. The neocolonialist approaches taken in Asia, South America, and the Middle East may have some similarities, but there are also notable differences in how these regions have been dealt with by external forces. Here are some key distinctions:
Historical Context: Africa, unlike Asia, South America, and the Middle East, experienced a prolonged history of colonial rule by European powers during the 19th and 20th centuries. This history of direct colonization has had lasting impacts on African nations, including the exploitation of resources, economic dependency, and the disruption of local institutions. The historical context of colonization has shaped the challenges and dynamics that neocolonialists encounter in modern Africa.
Natural Resource Exploitation: The exploitation of natural resources has been a common feature in neocolonialist practices. In Africa, the extraction of valuable resources like oil, diamonds, minerals, and timber has historically been a target for external exploitation. The continent’s rich natural resources have often made it a prime target for neocolonialist maneuvers aimed at controlling and profiting from these resources.
Economic Manipulation: Neocolonialist tactics often involve economic manipulation to maintain control over resources and markets. In Asia and some parts of South America, the establishment of export-oriented industries and the creation of economic dependencies through loans and trade agreements have been common strategies. In the case of Africa, economic manipulation has taken various forms, including debt traps, unfair trade practices, and unequal economic partnerships that favor external powers.
Here are some examples of neocolonialist practices that have been and continue to be used to exploit Africa, including debt traps, unfair trade practices, and unequal economic partnerships:
Debt Traps: African countries have often fallen into debt traps, where they accumulate significant external debt that becomes difficult to repay. Neocolonialist actors, such as international financial institutions and powerful nations, have provided loans with conditions that benefit the lenders more than the borrowers. These conditions may include imposing structural adjustment programs that prioritize debt repayment over social spending, leading to austerity measures, privatization of state assets, and reduced public services. As a result, African countries remain trapped in cycles of debt, hampering their development and perpetuating dependence on external powers.
Unfair Trade Practices: African nations have faced unfair trade practices that limit their ability to benefit from their own resources and markets. Some examples include:
a. Commodities Dependency: African economies often rely heavily on the export of raw commodities. Neocolonialist practices have reinforced this dependency by keeping African nations in a low-value-added production cycle, where they extract and export raw materials while importing finished goods at higher prices. This perpetuates an imbalanced trade relationship that favors external powers.
b. Tariffs and Trade Barriers: Developed countries maintain high tariffs and trade barriers that restrict African exports, hindering their ability to compete in global markets. Additionally, the agricultural subsidies provided by developed nations undercut African farmers, making it difficult for them to compete and develop their agricultural sectors.
c. Intellectual Property Rights: Stringent intellectual property rights regimes can limit African countries’ access to affordable medicines, agricultural technologies, and educational resources. These restrictions can hinder innovation, development, and access to vital resources for healthcare and education.
Unequal Economic Partnerships: Neocolonialist actors have entered into economic partnerships with African countries that often prioritize the interests of external powers over local development. These partnerships may involve:
a. Exploitation of Natural Resources: External powers often enter into resource extraction agreements that heavily favor their own companies, leading to resource depletion, environmental degradation, and limited local benefits. The terms of these agreements may involve unfair revenue sharing, lack of technology transfer, and limited job creation within Africa.
b. Infrastructure Projects: Large-scale infrastructure projects, such as roads, railways, and ports, funded and executed by external powers, can create dependency and perpetuate unequal economic relationships. These projects may prioritize the interests of foreign investors and provide limited benefits to local communities or economies.
c. Investment and Ownership: Foreign direct investment in Africa can lead to the establishment of industries or businesses that primarily benefit external investors, rather than fostering local development. Unequal ownership structures and profit repatriation can limit the retention of wealth and value within African economies.
These practices collectively contribute to the exploitation and underdevelopment of African nations, perpetuating a cycle of dependence on external powers. Addressing these challenges requires fair trade policies, debt restructuring mechanisms, equitable economic partnerships, and the promotion of local industries and innovation to foster sustainable development and economic independence.
Geopolitical Interests: The geopolitical interests of neocolonialists can vary across regions. In the Middle East, for example, the presence of vast oil reserves has been a significant driver of external interventions and influence. The strategic importance of oil in global geopolitics has led to military interventions, political manipulation, and proxy conflicts in the region. While Africa also possesses valuable resources, its geopolitical significance may differ based on factors such as regional stability, proximity to important trade routes, and emerging markets.
Cultural and Social Factors: Africa’s diverse cultural landscape, fragmented political structures, and complex social dynamics present unique challenges and opportunities for neocolonialists. Cultural factors, such as ethnic divisions, religious diversity, and historical grievances, can shape the strategies employed by external actors seeking to exploit or manipulate local dynamics. Understanding these cultural and social nuances is crucial for neocolonialists to effectively exert influence.
It is important to note that the neocolonialist strategies employed in these regions are not monolithic, and there can be significant variations based on specific historical, political, and economic circumstances. However, understanding the distinct challenges and dynamics of each region is essential for developing context-specific approaches to address neocolonialism and promote self-determination and sustainable development.
Schools like Tharaka Invention Academy can play a vital role in empowering African nations, including Kenya, and helping to counter the grip of neocolonialism and manipulative practices. This role will ultimately fall to the hands of today’s African youth. The current generation of leaders in Africa are too self-serving and loathe to give up comfortable lives as big fish in 54 small ponds. Here’s how such schools can contribute to Africa’s progress:
Education and Skill Development: Tharaka Invention Academy and similar institutions can provide quality education and training in science, engineering, and innovation to African students. By equipping them with practical skills, critical thinking abilities, and creativity, these schools can foster a new generation of inventors, problem solvers, and entrepreneurs who are less susceptible to manipulation and more capable of shaping their own destinies.
Promoting Local Solutions: By focusing on solving everyday problems faced by African communities, schools like Tharaka Invention Academy can encourage students to develop innovative solutions tailored to their specific needs. This approach reduces reliance on external forces and encourages self-reliance, contributing to Africa’s overall development.
Encouraging Entrepreneurship: Entrepreneurship and business development are key drivers of economic growth. Invention schools can foster an entrepreneurial mindset among African students, encouraging them to turn their ideas into viable businesses. By nurturing a culture of innovation and entrepreneurship, these schools can help create self-sustaining economies that are less vulnerable to external manipulation.
Collaborative Networks: Invention schools can facilitate connections between African inventors, scientists, and entrepreneurs within the African diaspora and throughout the global innovation ecosystem. These networks can provide mentorship, funding opportunities, and knowledge exchange, enabling African inventors to access resources and support networks that help protect their interests and innovations.
Empowering Local Communities: Invention schools like Tharaka Invention Academy can have a transformative impact on local communities. By providing access to quality education and equipping young people with the skills they need to succeed, these schools contribute to human capital development and uplift the overall socio-economic conditions of the region. This, in turn, strengthens communities and reduces vulnerability to neocolonialist influences.
While schools alone cannot entirely eradicate the manipulations and maneuvers of neocolonialists, they are a crucial step towards empowering African nations and its people. By nurturing innovation, creativity, and self-reliance, these schools like Tharaka Invention Academy can contribute to Africa’s progress and foster a new narrative of empowerment, economic independence, and sustainable development.
We have published other informative posts on Invention School’s website which may interest you. To view our entire catalog of over 800 posts go to inventionschool.tech/category/blog/ or use our handy search tool to find topics of interest to you.
Mechanical/Solar Engineer, Prof. Oku Singer
(24)
