Monday, July 15, 2019

Thomas Picketty – Capital In The Twenty-First Century

The history of capitalism and the distribution of wealth has always been deeply political, and it cannot be reduced to purely economic mechanisms. Wealth only accumulates in the hands of a few. Or as our African economic elders had always believed it, 'this thing [capitalism] will kill us, one by one, until one day any one who seeks a decent living without an inheritance will become like him who carries water in a sieve'.

The Piketty Problem with Western Capitalism Explained

Both Europe and the United States have high levels of capital inequality, with the top 10% owning 60% of all capital in Europe and 70% of all capital in the United States. Europe and the US are on the precipice of a Third Civil War.

Inequality Significantly Stifles Economic Growth

Income inequality has a statistically significant impact on economic growth, according to research by the Organisation for Economic Co-operation and Development (OECD). In Ghana and...

Africans Opening Fuller Wallets To Consumption

Let's remember that the current global economic model of consuming the earth's resources well beyond a sustainable rate, and destroying the ecosystems that sustain human life in the process, is itself not a Success Story. Africa must beware.

U.S. Shuts Its Door On Nigeria’s Oil Exports

The search for alternative energy by the Barack Obama administration in the United States of America (USA) has begun to take a toll on...

Between Africa And A Piketty Taxation

More taxation to raise government revenue for the social state in Africa would do nothing to solve the developmental crises that African states have faced in the two centuries since the violently aggressive European markets have usurped their economies.

Mali’s Song Bird Of Wassoulou Launches Car Manufacturing Company

BAMAKO -- Malian star artist, Oumou Sangare, a legendary voice in traditional West African music with hits like “Saa Magni”, “Kayini Wura” and “Ko...

A Sharing Economy In The 21st Century

Reliant upon constant high-speed connections, a new paradigm is slowly emerging where businesses spring up based on clients' “sharing” ideas, resources, knowledge, goods, or services. These services reflect the increasing ability of more people to individually participate in the economy and society via sharing and technology.

The End Of Monetary Dominance And The Last Dollar

In 1992 in the waning days of the Cold War, an American Neocon, Francis Fukuyama, published an essay “The End of History and the Last Man”. The West thought it had finally gained control of the world. The iron laws of Karma work. Less than 23 years later, we can adapt their own words against them and write “The End of Monetary Dominance and the Last Dollar.”

Africa To Rethink Management Of Natural Resources

As the world's economies jostle for increased access to Africa's natural resources, there have been renewed concerns over how the continent can ensure maximum...