capitalism Archives - ROAPE
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capitalism Tag

In a contribution to our debate on capitalism in Africa, Ben Radley writes that the involvement of TNC-led mining in the Congo has undermined the productivity and development of locally-led artisanal mining. Researching artisanal gold mining in South Kivu, Radley argues that real progress in the sector has been led and managed by a local Congolese capitalist class through a process of technological assimilation, capital formation and mechanisation. These processes are being eroded by international capital, backed-up by the state and police. ...

Adam Rodgers Johns explores the commercialisation of football in Africa. He argues that at the professional level the continent’s most popular sport provides us with fertile grounds for the analysis of capitalism in Africa. By Adam Rodgers Johns The trend towards the commercialisation of football is not limited to the most powerful and competitive leagues in Western Europe but affects all regions of the world, including Africa. In recent years, the commercialisation of elite level professional football has affected the world’s most popular sport at unprecedented levels - from ownership, sponsorship, ticket sales to TV licensing. There are numerous ways in which Africa is linked to the global business of football. For example, the huge popularity of European, specifically English football, has significant commercial implications in terms of broadcasting revenue, merchandise and gambling. There are a number of examples from the African continent where there has...

Exposing the illusion of the green economy, Simone Claar argues that while the idea of greening capitalism might provide a clear conscience to regions in the North for addressing the ecological crisis, it perpetuates the exploitative relationship between the North and South. Through the green economy framework capitalism, development, and imperialism are ‘green-washed’ as capital invests in new environmental fields like renewable energy or clean cooking. Such a strategy will only ‘greenwash’ capitalism in Africa, leaving its exploitative and destructive nature unchanged. ...

Ahead of the third ROAPE workshop in the series on radical political economy, to be held in Johannesburg in November, Peter Lawrence looks at the debate on the legacy of Julius Nyerere and socialism at the second meeting in Dar es Salaam. The Dar workshop, as was the case with the first one in Accra, was distinguished by the serious analysis by both scholars and activists and those who are both, of the prospects for a radical shift in political economic strategy. The gathering in Tanzania faced head on the issue of imperialism in its contemporary form and what radical forces of the socialist left are up against. The conversation will continue in South Africa. By Peter Lawrence In my interview with Issa Shivji at the Dar workshop he referred to the proceedings as a ‘conversation’ and urged that the conversation be continued. Although I started this...

Conference on Capitalism, Imperialism and Revolutions Volume 1 of Karl Marx’s Capital was published in 1867. In that volume, Marx’s major preoccupation was the analysis of the capitalist process of production where he elaborated his version of the labor theory value, surplus value and exploitation which would ultimately lead to a falling rate of profit and the collapse of industrial capitalism. Volumes II and III were published posthumously by Frederick Engels. Imperialism, the Highest Stage of Capitalism was written by Lenin in 1916 and published in 1917. It was in Zurich that Lenin wrote this important theoretical work. He argued that the merging of banks and industrial cartels gave rise to finance capital. According to him, in the last stage of capitalism, the pursuit of greater profits led to the export of capital. Capital export also led to the division of the world between international monopoly firms and amongst European...

Jörg Wiegratz asks why there is such silence in much of African Studies on capitalism. He wonders why capitalism does not feature more prominently in titles of major Western conferences on Africa, and articles of main African Studies journals. In this blogpost he asks why does this analytical lacuna exist? Wiegratz calls for a discussion and explanation of this state of affairs. On the central question of capitalism, the African Studies community, he argues, in Western Europe, and across the Global North, is largely inactive and silent? When it comes to an explicit, focused and sustained collective exploration, about the many, multifaceted features of contemporary capitalism on the continent, and about the characteristics of African society as a capitalist society, there is a gaping silence. ...

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....