Profit Archives - ROAPE
1338
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Profit Tag

After spending several months with gamblers in Kenya, Mario Schmidt finds that many see their activity as a legitimate and transparent attempt to make ends meet in an economy that does not offer them any other stable employment or income. In a blogpost co-published with The Elephant, gambling Schmidt argues can be seen as an act against an economy in which wealth is not based upon merit but upon social relations and where profit and losses are distributed in a non-transparent way through corruption, inheritance and theft....

Remi Adekoya reviews a new book on the exploitation and underdevelopment of Africa. Extracting Profits by Lee Wengraf is a treasure-trove of facts and figures about Africa for anyone interested in the political economy of Africa’s past, present and future. However, Adekoya argues that for any systemic change to occur on the continent there must be a shift in the mind-set of those in charge, otherwise all that will be achieved is the replacement of one set of looters by another, only this time holding up different slogans....

In a robust defence of his arguments, John Smith continues to challenge David Harvey’s understanding of global capitalism and imperialism. Many important changes have shaken the world in the last thirty years, but imperialist Europe and North America continue to drain wealth from Latin America and Africa, as well as from parts of Asia. Yet China’s growing challenge to imperialist domination and the spread of global capitalist depression means that we no longer live in a post-World War II world, we live in a pre-World War III world. Harvey’s compass on these developments remains profoundly faulty. ...

In a blogpost jointly published with Tax Justice Network, Nataliya Mykhalchenko asks whether the emerging effort to curb both illicit financial flows and tax avoidance is a global fight and not just another global flight driven by certain powerful entities and interest groups trying to avoid paying tax. Given that the issue has universal significance and undermines the development of many countries in the Global South, more research (and campaigning) is needed in order to understand the nature of these initiatives and the forces behind them....