capitalism Archives - ROAPE
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capitalism Tag

After the manifest failure of microcredit to address poverty in Africa and everywhere else, the international development community has hit upon a new microcredit-related idea that, it claims, will do the job this time around: ‘fin-tech’, i.e. financial technology. In this blogpost Milford Bateman argues fin-tech has the potential to gravely undermine the position of the poor and to increase inequality while, not coincidentally, vastly enriching a narrow elite. ...

In a major critique of dependency theory, Esteban Mora continues the debate on the nature of imperialism on roape.net (and specifically the blogpost by Walter Daum). He argues that while inequalities and unevenness in the world market exists, with both strong nation-states and weaker ones, this is not a division based on countries or regions, nor geography or ethnicity, but on relations of production. We must unearth the mechanisms of mutual profiting across all regions to see a class divided world market, as part of an international system of states where every single state is an agent of financial capital....

Samir Amin, a ROAPE contributor and comrade, died last week, we post tributes from some of his comrades, students and friends. Ray Bush, Peter Lawrence, Issa Shivji, Ndongo Sylla, John Saul and Natasha Shivji celebrate the work and life of a rebel in the Marxist citadel. As Ndongo Sylla points out, Amin's life quest was to mark out what alternative paths can lead the ‘wretched of the earth’ towards an authentic human civilisation that capitalism can only refuse them. ...

Continuing the debate on roape.net on capitalism in Africa, Tom Goodfellow looks at the weak foundations of industrial capitalism, the key role of land, infrastructure and real estate in the ‘operations’ of capital in Africa. He argues that continued exploration of how capital intersects with contemporary urban forms can help to bring Africa to its rightful position at the forefront of global debates on capitalist transformation....

The Editorial Working Group of Review of African Political Economy (ROAPE) is pleased to announce the 2017 winner of the Ruth First prize. The prize is awarded for the best article published by an African author in the journal in a publication year. This year, the prize was awarded to Papa Faye for his article The Politics of Recognition, and the Manufacturing of Citizenship and Identity in Senegal's Decentralised Charcoal Market. The ROAPE Prize Committee commented on Faye's article: ‘the fieldwork contribution was impressive, as was the broader engagement with literature on identity politics and recognition. The paper’s discussion of how national policies (however they were conceived) were shaped within the local political economy was sensitively done, and very interesting.’ The article shows how state politics of (re)allocation of rights and resources to social groups within a society (recognition) are constructive of distinct abilities to shape the fate of the political...

In a reply to Esteban Mora’s contribution to the imperialism debate on roape.net, Walter Daum writes that the claim that the drain of value from South to North has been inverted, reversed, or merely leveled off flies in the face of reality. Daum argues that the Northern imperialists exploit the labour and resources of the South and this is all the more true today....

In important new research on Egypt, Marion Dixon explains that the corporate food system in the country has involved Egyptians across classes buying into the neoliberal project. The space of dietary convergence provided a social consensus that legitimized the neoliberal project, at least temporarily. Yet, its fundamental failure was that the growth of corporate food did little to reduce food costs as a percentage of income for the vast majority of Egyptians....

Early in the year Donald Trump described various South American, Caribbean and (apparently all) African countries as ‘shitholes’ during a meeting on immigration with senators in the White House. ROAPE’s Reginald Cline-Cole argues that the comment reminds us of the continued need to provide radical analyses of trends, issues and social processes in Africa, with a particular interest in class dynamics and social movements and the meaning of capitalism and imperialism. He hopes that the journal and the website will be read as a demonstration of the sustained vitality of Marxist analysis....

Abiodun Olamosu reviews the classic 1975 book, Economic Development of Nigeria: The Socialist Alternative by Ola Oni and Bade Onimode which will soon be republished. Oni and Onimode wrote about the underdevelopment of Nigeria and how the people were made poor. They also provided a programme for the country’s development which included the disengagement from international capitalism, the introduction of democratic planning, public ownership and control of the means of production, distribution and exchange. Olamosu provides a critical introduction to the book. ...