Description - Looting Africa by Patrick Bond
Despite the rhetoric, the people of Sub-Saharan Africa are become poorer. From Tony Blair's Africa Commission and the Make Poverty History campaign to the Hong Kong WTO meeting, Africa's gains have been mainly limited to public relations. The central problems remain exploitative debt and financial relationships with the North, phantom aid, unfair trade, distorted investment and the continent's brain/skills drain. Moreover, capitalism in most African countries has witnessed the emergence of excessively powerful ruling elites with incomes derived from financial-parasitical accumulation. Without overstressing the 'mistakes' of such elites, this book contextualises Africa's wealth outflow within a stagnant but volatile world economy.
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(216mm x 135mm x mm)
Zed Books Ltd
Publisher: Zed Books Ltd
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Author Biography - Patrick Bond
Patrick Bond is professor at the University of KwaZulu-Natal School of Development Studies in Durban, South Africa. He is also visiting professor at York University, Toronto. His many published books include Against Global Apartheid (Zed Books, 2003).