Sunday, July 29, 2012

Pity the financiers in the heart of darkness

Click here to access article by Nick Dearden from Pambazuka (South Africa). 

The author responds to a typical Western view that was recently expressed in The Guardian that African problems are largely due to their corrupt leaders who waste investor's money. One can see some similarities with Dearden's view of African governments by comparing them with current and recent Western governments whose leaders colluded with bankers and financiers to influence their governments into taking on too much debt, investing in shady derivatives, and bailing out banks. It's just that the corruption of African governments was far worse.