ABSTRACT
The current situation in Africa is a bleak one. As Colin Leys and I concluded in a recent survey of Sub-Saharan Africa’s position within global capitalism,
the result is relegation to the margins of the global economy, with no visible prospect of continental development along capitalist lines…. Global capital, in its constant search for new investment opportunities, finds them less and less in Africa. Which does not mean that nothing is happening, let alone that no alternative is possible. It simply means that Africa’s development, and the dynamics of global capitalism, are no longer convergent, if they ever were.
