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Old 03-09-2013, 11:35 PM
 
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Interesting video. George Ayittey back in 1989.

It's about 40min long so check it out when you have some extra time.




George Ayittey: The Failure of African Socialism - YouTube
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Old 03-10-2013, 12:25 AM
 
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I just want to point out that when he talks about socialism he's referring to the African leaders who went with a more pure socialist system similar to the Soviet Union and not the mixed economies of western Europe.
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Old 03-10-2013, 10:01 AM
 
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I also wanted to add this. What people need to understand is that many indigenous people in Africa and other places did practice collectivism but their collectivism was voluntary. When collectivism is voluntary it's more flexible than government mandated collectivism which is very rigid,authoritarian and violates basic economic laws.
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Old 03-12-2013, 09:42 PM
 
Location: State of Transition
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Right. So colonialism and neo-colonialism have nothing to do with it. Gotcha.

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Old 03-12-2013, 11:42 PM
 
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Quote:
Originally Posted by Ruth4Truth View Post
Right. So colonialism and neo-colonialism have nothing to do with it. Gotcha.

For Africa's post colonial problems? To some extent yes.


But you can't ignore the paths to development that many of Africa's new post colonial leaders took. Too many in rejecting democracy and capitalism for being "western" instead looked to eastern Europe as their model. All they got out of that were one party dictatorships and inefficent state controlled economies. Both of these things were bad for Africa politically and economiclly. Both contributed to much of the post colonial instability we've seen. One party dictatorship were generally just oppressive and the socialist economies made the government the place to be so every tribe wanted their folks in power to control how the wealth was distributed contributing to tribalism.
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Old 03-12-2013, 11:49 PM
 
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Right.
Look at capitalism in the former Soviet Union now - it brought wonders for them and fixed all problems of socialism, innit?
Hint; it's not about "capitalism" or "socialism," but about people who live in that country and rule it.
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Old 03-13-2013, 12:15 AM
 
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Quote:
Originally Posted by erasure View Post
Right.
Look at capitalism in the former Soviet Union now - it brought wonders for them and fixed all problems of socialism, innit?
Hint; it's not about "capitalism" or "socialism," but about people who live in that country and rule it.
Much of that has to do with how you transition from state control to privatization and from dictatorship to democracy. Estonia and Poland did both of these transitions well unlike the other former eastern bloc countries.


Estonia's success: Liberal regulation, strong work ethic - CNN.com


Poland's Economy Is Thriving As Europe's Most Capitalist Country
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Old 03-13-2013, 12:32 AM
 
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Not surprisingly Botswana is often mentioned by George Ayittey as a country that other African countries can learn from.

Quote:
Though founded on the wealth of its diamonds, Botswana’s transformation into a middle-income nation is also the result of a free market economy and strong stable government. The country is an example of how wealth from mining can be made to benefit a whole nation.

Economy & Industry

About Botswana's first president:
Quote:
Unlike other countries in Africa, his administration adopted market-friendly policies to foster economic development. Khama promised low and stable taxes to mining companies, liberalized trade, and increased personal freedoms. He maintained low marginal income tax rates to deter tax evasion and corruption...

Seretse Khama - Wikipedia, the free encyclopedia
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Old 03-13-2013, 10:07 AM
 
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Quote:
Originally Posted by Motion View Post
Much of that has to do with how you transition from state control to privatization and from dictatorship to democracy. Estonia and Poland did both of these transitions well unlike the other former eastern bloc countries.


Estonia's success: Liberal regulation, strong work ethic - CNN.com


Poland's Economy Is Thriving As Europe's Most Capitalist Country
Both Estonia and Poland are basically purchased by other European countries - their economies that's it, so you are looking in the wrong direction.
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Old 03-13-2013, 10:44 AM
 
Location: In the heights
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Quote:
Originally Posted by erasure View Post
Both Estonia and Poland are basically purchased by other European countries - their economies that's it, so you are looking in the wrong direction.
I don't know about that. They do get a lot of foreign direct investment, but both of them have large corporations based and headquartered within those countries that have been prospering. I don't really see capitalism being the primary driver so much as having a stable and rational government starting on a base of fairly decent infrastructure and an educated population. The eastern bloc/former soviet union constituent countries that seem to have done the best are those who have gone through completely with political and economic reform and joined the EU.
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