How the vampire state killed Africa's free markets
August 07, 2007George Ayittey is my new hero. Here this respected Ghanaian economist not only manages to explain:
- what went wrong with Africa
- why free markets are the ONLY solution to Africa’s problems
- why socialism (or as he says Vampire States) was the worst possible solution after colonialism
- how pre colonial Africa was always free market and never authoritarian (I did not know that)
- how you need to focus on the traditional and informal sectors to solve Africa’s problems
All of this while leaving you at the same time angry, sad, inspired and hopeful. Be prepared for a roller coaster of a a speech:
Comments:
Wow. This guy is good. Thanks for posting.
Posted by: Lars Hvidberg at August 24, 2007 06:47 AM


