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He focuses a lot on South Africa and Zimbabwe and provides insightful critique of the rulers of these two countries and how they led their countries to poverty.
This is a very informative book; and an easy read. Some of my favourite sect
In this book Moeletsi highlights how the political elites in Africa sell off the continent's assets to the rest of the world. In return for this service these political elites receive crumbs from foreigners who make their fortunes by processing Africa's resources.He focuses a lot on South Africa and Zimbabwe and provides insightful critique of the rulers of these two countries and how they led their countries to poverty.
This is a very informative book; and an easy read. Some of my favourite sections are:
1. The section where Moeletsi explains how BEE was invented by the South African oligarchs.
2. The section where he touches on the two negotiation forums that led to SA's new democratic order (Codesa + Codesa II).
3. When he explained what happened to Zimbabwe

Mbeki argues that the issue lies with political elites who are concerned with enriching themselves at the expense of the poor.
He argues that capitalism in Africa - his main focus being on South Africa - is based on mercantile capitalism - and it needs to change.
He opens up with a discussion on slavery and colonialism and the 'Scramble for Africa' (Africa's history of been a breeding ground for the extrac
Most of the 1 billion people who live in poverty are in sub-Saharan Africa. Why is this so?Mbeki argues that the issue lies with political elites who are concerned with enriching themselves at the expense of the poor.
He argues that capitalism in Africa - his main focus being on South Africa - is based on mercantile capitalism - and it needs to change.
He opens up with a discussion on slavery and colonialism and the 'Scramble for Africa' (Africa's history of been a breeding ground for the extraction and exploitation of raw material at cheap prices). He argues that this system is still continuing today. In fact he goes as far as suggesting that Africa is deindustrialising - there is a resurgence of a scramble for natural resources and not enough production going on. For example he used South Africa as an example of a country that exports too many raw materials but not enough manufactured goods. This is contrast to developing countries such as China.
He touches on a number of subjects that seek to uncover why Africa's economic challenges but the main argument that is in this book is that the political elite are responsible for the plight of Africa today.
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Namely, that the institutions inherited by the newly formed democracies are the cause of the abhorrent behaviour of many African 'leaders' and their governments.
There can be no doubt that the years of colonialism ha
Mbeki provides statistics to support a commentary on the state of affairs in Africa. However, the 'Africa' he describes comprises of South Africa and Zimbabwe. The former is a repeating exception to the arguments he presents while the latter provides no evidence to support his claims.Namely, that the institutions inherited by the newly formed democracies are the cause of the abhorrent behaviour of many African 'leaders' and their governments.
There can be no doubt that the years of colonialism have left cavernous scars yet Mbeki's prose masks an oversimplification as to the cause of Africa's problems. The work is unoriginal and entirely devoid of any meaningful recommendations.
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If you are looking to get a cohesive understanding of Moeletsi Mbeki's criticisms of the South African and Zimbabwean leaders, this book will cover what you are looking for. His observations on BEE are particularly interesting.
However, if you ar
While claiming to be a book on the problems bedeviling Africa, this book actually focuses on the trials of South Africa and Zimbabwe. There are occasional references to other parts of Africa, but the bulk of the book is dedicated to these two countries.If you are looking to get a cohesive understanding of Moeletsi Mbeki's criticisms of the South African and Zimbabwean leaders, this book will cover what you are looking for. His observations on BEE are particularly interesting.
However, if you are looking for a cohesive account on African leadership and are already familiar with these southern African stories, you may find the book frustrating.
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The book made me ask some questions:
- What are the true reasons why South Africa (and Africa) are impoverished?
- Are African managers in companies overpaid, and is it true that they have no-one to account to?
- Why are the massive investments into education and healthcare not bearing enough fruit?
- How to influence the people of our country to move away from "rent seeking" and towards entrepreneurship?
- How to enlighten people that a middle class lifest
The book made me ask some questions:
- What are the true reasons why South Africa (and Africa) are impoverished?
- Are African managers in companies overpaid, and is it true that they have no-one to account to?
- Why are the massive investments into education and healthcare not bearing enough fruit?
- How to influence the people of our country to move away from "rent seeking" and towards entrepreneurship?
- How to enlighten people that a middle class lifestyle comes along with a requirement to be productive?
- To what degree has South Africa broken away from the colonial/extractive economic model?
- Is land ownership truly a prerequisite to political and economic enfranchisement for the poor?
Many of these questions have been asked for hundreds of years in nations and people groups all over the world.
Mbeki's ideas on how to solve the issues are:
- governments and leaders need to change from being rent seekers into entrepreneurs through peaceful change of power from the current single party/dictatorships typical in Africa (Mbeki seems to think this is inevitable, but I'm not convinced it is)
- people need to be encouraged to save, invest, take risks
- land should be given to the poor
- independent structures should be introduced to encourage, research, fund and protect industries and entrepreneurs, financed by developed nations
The book is easy enough to read, although it was not as "hard hitting" as I was expecting. Overall probably quite a balanced overview of some of the major issues.
Pointers to further reading, resources are a little scarce. I was hoping to be more inspired by the end! Worth the read.
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Source: https://www.goodreads.com/en/book/show/7027600
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