Investment underdevelopment are the flipsides of Capitalism

Kae Matundu-Tjiparuro “Today in fact if not in name, a new colonialism exists. The World Bank, the IMF...and the aid agencies of the other developed countries, together with the private lending institutions, set the terms on which Africa’s economies function , or malfunction,” wrote A. Bathily in a paper he delivered at the African Association of Political Science (AAPS) Pan-African Conference on Thirty Years of Independence Results and Prospects titled: The Contradictions of the Anti-Colonial Movements and the Roots of the Contemporary Crisis in Africa. The Pan-African Conference was held right here in Windhoek, Namibia in May 1991, when the…