The continent’s own elites, the West and now China are still making Africans progressively poorer, thanks to the extraction of raw materials. Reinvestment is negligible and the prices, royalties and taxes paid are inadequate to compensate the wasting away of Africa’s natural wealth. Anti-extraction campaigns by civil society are the only hope for a reversal of these neocolonial relations.The author fights the disinformation regarding African development emanating from CBC (Canadian Broadcasting Corp.) and a representative from the World Bank.
While the researchers of the World Bank may acknowledge some real facts that suggest policies in contradiction to the agency's policies, the agency exists to serve the needs of their masters--the world's capitalist classes.