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      Africa and the Global System of Capital Accumulation
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      Africa and the Global System of Capital Accumulation

      DOI link for Africa and the Global System of Capital Accumulation

      Africa and the Global System of Capital Accumulation book

      Africa and the Global System of Capital Accumulation

      DOI link for Africa and the Global System of Capital Accumulation

      Africa and the Global System of Capital Accumulation book

      Edited ByEmmanuel O. Oritsejafor, Allan D. Cooper
      Edition 1st Edition
      First Published 2021
      eBook Published 18 April 2021
      Pub. Location London
      Imprint Routledge
      DOI https://doi.org/10.4324/9781003017486
      Pages 294
      eBook ISBN 9781003017486
      Subjects Area Studies, Economics, Finance, Business & Industry, Global Development, Politics & International Relations
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      Oritsejafor, E.O., & Cooper, A.D. (Eds.). (2021). Africa and the Global System of Capital Accumulation (1st ed.). Routledge. https://doi.org/10.4324/9781003017486

      ABSTRACT

      Africa and the Global System of Capital Accumulation offers a groundbreaking analysis of the strategic role Africa plays in the global capitalist economy.  

      The exploitation of Africa’s rich resources, as well as its labor, make it possible for major world powers to sustain their authority over their own middle-class populations while rewarding African collaborators in leadership positions for subjecting their populations into poverty and desperation. Middle-class obsessions such as computers, mobile phones, cars and the petroleum that fuels them, diamonds, chocolate – all of these products require African resources that are typically obtained by child or slave labor that helps to generate billionaires out of foreign investors while impoverishing most Africans. Oritsejafor and Cooper demonstrate that "primitive accumulation," believed by both Adam Smith and Karl Marx to be a process that precedes capitalism, is actually an integral part of capitalism.  They also validate the thesis that capitalism incorporates racism as an organizing tool for the exploitation of labor in Africa and on a global scale. Case studies are presented on Nigeria, Cote d’Ivoire, Ghana, Liberia, Congo, Tanzania, Somalia, Angola, Namibia, Sao Tome and Principe, and South Sudan. There are also chapters analyzing the interests of Russia and China in Africa. 

      This book will be of interest to students and scholars of African politics, development, and economics. 

      TABLE OF CONTENTS

      chapter 1|32 pages

      The role of primitive accumulation and racism in capitalist systems

      ByAllan D. Cooper, Emmanuel O. Oritsejafor

      chapter 2|21 pages

      Cocoa in Côte d’Ivoire and Ghana

      Chocolate and neoliberal capitalism
      ByT. Y. Okosun

      chapter 3|16 pages

      Capital accumulation in Liberia’s rubber and iron ore sectors

      ByGeorge Klay Kieh

      chapter 4|20 pages

      The Congo paradox

      Accumulation crisis and resilience in the Democratic Republic of the Congo
      ByMusifiky Mwanasali

      chapter 5|11 pages

      From unfree labor to neo-colonial extraction in Sao Tome and Principe

      ByAndrew Ikeh Emmanuel Ewoh

      chapter 6|14 pages

      Russia’s return to Africa

      Much ado but about what?
      ByRadoslav A. Yordanov

      chapter 7|17 pages

      Diamonds in Africa and the continuing Cold War

      A case study of building a capitalist ruling class in Namibia
      ByAllan D. Cooper

      chapter 8|25 pages

      Profiting from the conflict in Mogadishu

      Capital accumulation in the failed state of Somalia
      ByMohamed Haji Ingiriis

      chapter 9|18 pages

      Benefitting a few

      Oil rents in South Sudan
      ByBrian Adeba

      chapter 10|15 pages

      Angola’s transition from war to economic powerhouse

      ByVictor Ojakorotu

      chapter 11|24 pages

      Capitalism and Africa’s (infra)structural dependency

      A story of spatial fixes and accumulation by dispossession
      ByTim Zajontz, Ian Taylor

      chapter 12|14 pages

      Wealth accumulation and the Nigerian billionaire club

      The case of Aliko Dangote
      ByEmmanuel O. Oritsejafor

      chapter 13|31 pages

      Tanzania can feed Africa

      Potentials and challenges
      ByKitojo Kagome Wetengere

      chapter 14|15 pages

      Conclusion

      Odious debts of the African capitalist state
      ByAllan D. Cooper, Emmanuel O. Oritsejafor
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