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Old 09-14-2015, 10:58 PM
 
6,559 posts, read 9,072,595 times
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Quote:
Originally Posted by jtur88 View Post

Because regulation is the only way you can stop free market capitalism from taking all the wealth for themselves and investing it in rich countries.
The regulation I'm referring to is counter-productive for African development. Most people agree that Africa needs more intra-African trade to improve development on the continent. But African governments are making intra-African trade more complicated with their bad policies.

Red tape and trade barriers costing Africa billions | International Centre for Trade and Sustainable Development
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Old 09-15-2015, 09:52 AM
 
12,292 posts, read 18,409,613 times
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Quote:
Originally Posted by Motion View Post
Why can't more African gov'ts see that their excessive red tape isn't helping to improve development on the continent?
It's not only Africa, but in many developing countries. You should see what we have to do to do business in China or Brazil. Much of the purpose of this is to curb corruption, which is always a problem in these countries. As they say - good intentions don't always make good policies.
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Old 09-15-2015, 10:22 AM
 
Location: Nescopeck, Penna. (birthplace)
12,351 posts, read 7,508,813 times
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Quote:
Originally Posted by jtur88 View Post
Because regulation is the only way you can stop free market capitalism from taking all the wealth for themselves and investing it in rich countries.
(emphasis added)

You got it 180 degrees backward.

Open markets (which you prefer to bash as "capitalism") are what prevent those seeking to rule by power alone from exploiting those who know they can do better through their own efforts. The would-be tyrants try to control the most monopolistic industries for the longest amount of time -- simply because they have the strongest concentrations of capital; are more concentrated and easier to seize.

Want proof? Consider the price of telephone service. The more corrupt the regime in power (as in much of Africa) the higher the charges are likely to be. That doesn't include even more repressive historic regimes such as the former Soviet Union.

Thank you for elaborating your prejudice and demonstrating your "morality" in a way that makes it easier for all of us to understand.
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Old 09-15-2015, 09:02 PM
 
Location: Macao
15,945 posts, read 36,164,246 times
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Isn't it just corruption? Everyone trying to siphon whatever foreign money comes in, into their own pockets? Reading about Africans doing business in China, getting their chinese product into their respective african countries, seems like a nightmare of constant brbery.
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