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. 

chapter 2|21 pages

Cocoa in Côte d’Ivoire and Ghana

Chocolate and neoliberal capitalism

chapter 4|20 pages

The Congo paradox

Accumulation crisis and resilience in the Democratic Republic of the Congo

chapter 6|14 pages

Russia’s return to Africa

Much ado but about what?

chapter 7|17 pages

Diamonds in Africa and the continuing Cold War

A case study of building a capitalist ruling class in Namibia

chapter 8|25 pages

Profiting from the conflict in Mogadishu

Capital accumulation in the failed state of Somalia

chapter 9|18 pages

Benefitting a few

Oil rents in South Sudan

chapter 11|24 pages

Capitalism and Africa’s (infra)structural dependency

A story of spatial fixes and accumulation by dispossession

chapter 12|14 pages

Wealth accumulation and the Nigerian billionaire club

The case of Aliko Dangote

chapter 13|31 pages

Tanzania can feed Africa

Potentials and challenges

chapter 14|15 pages


Odious debts of the African capitalist state