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Those flaming the podcast host should give him a bit of grace. He's not intentionally being obtuse or dumb - it's his education talking. And I'm a product of the same education why is why the things he said sound so familiar to me.
The (western) education we receive in West Africa deliberately conflates "capitalism" and "market economics". We are taught that the 2 terms mean the same thing and can be used interchangeably. We are also taught that there are only 2 economic models called "Capitalism/Market Economy" and "Communism/Socialism/Centrally Planned Economy".
We are taught that "Capitalism" = "freedom to buy and sell using the market price equilibrium mechanism", and "Communism" = "having everything you work for seized by the tyrannical state and redistributed". These things, which are STILL being taught in an African school near you are so completely false that they are the economic equivalent of teaching kids that diseases are caused by evil spirits instead of microorganisms, and that the earth is 6,000 years old.
It is precisely because of this rubbish education teaching us falsehoods that if you ask most Africans why rich people exist in China (which is a Communist country run by a Communist government and its central Politburo), they will either not be able to give you an explanation, or they will give you that stupid Magatte-Wade explanation ("China is not really Communist but capitalist because people own private property and people buy and sell according to market forces").
For the avoidance of doubt, the so-called "Market System" where people own private property which they buy and sell at prices agreed on through the forces of demand and supply is NOT "capitalism". It is just the market system that has existed for as long as humans have traded with each other, which is about 300,000 years. "Capitalism" =\= "market system". A market system can be used under Capitalism like it is in the US, and it can also be used under Communism like it is in China, or under a mixed system like it is in Vietnam and across most of the planet. There is nothing inherently "Capitalist" about buying, selling and agreeing on prices through the demand and supply mechanism.
"Capitalism" is a system of Economics that is less than 600 years old, where a group of European men took that market mechanism which the whole world has always used, and added slave labour, international finance, and stock ownership to it, turning sugar plantations into the engine of a new global machine that turned everything including human life into commodities for the sole purpose of extracting as much profit as possible and ensuring as little value as possible was created for everyone but the profit taker.
The system started on sugar plantations in Madeira, Portugal in the 1400s, and expanded over the next 600 years to consume Africa, Asia, the Caribbean and the Americas, turning them into instruments of profit maximisation for the same tiny group of European men. It is the force behind colonialism, the genocide of the entire native population on both American continents, the European slave trade, US chattel slavery, and basically every war between then and now.
To obfuscate this, they have cleverly ensured that the education we get deliberately muddles up "capitalism" with "market economics" so that we think that capitalism is somehow inherent to humans or native to us. In fact I was a victim of this intellectual deceit until as recently as 2022, when I used to read and take seriously the works of that great intellectual vagabond called George Ayittey. This dude (funded by the Heritage Foundation, shock gasp) had me in an intellectual headlock with the argument that since Africans historically owned land personally, by family and by clan instead of collectively in large groups, and since the products of that land were bought and sold in open markets with the proceeds going into private pockets instead of mass redistribution, that meant Africa was "capitalist".
It wasn't until I learned the distinction between "capitalism" and "market system" that I understood that game being played on the world by capitalists. China is Communist - because "Communism" does not necessarily entail Mao-style collectivisation of everything. "Communism" is simply a system of economics where the state ensures that the profits from production benefit as much of the society as possible - instead of capitalism which exists to ensure that as few people as possible make as much of the profit as possible at the expense of everyone else involved in the production chain. In other words, markets can and do exist in Communist systems.
That's why people buy and sell in China. That's why even though rich people exist in China, extreme poverty has been completely eradicated. It was never this cartoonish binary choice between "do everything Milton Friedman said and prepare for the warm, capitalist prosperity bukkake to land on your face" and "work 13 hours on the state owned farm and report to the food distribution bureau afterward to be issued one carrot for you and your family to eat for dinner in front of the Dear Leader's portrait in your state-issued cottage."
In reality, what this podcast host thought he was defending was the market system, which he has been taught to conflate with the word "capitalism". That's why he thinks there is "your capitalism in your country" and "US capitalism" - he doesn't know that under capitalism, there is no "your country", there is just a system that turns your ancestral homeland into a number on a spreadsheet that indicates whether enough manganese or columbite or timber or cashew has been extracted to hit Mr White Man's Q3 EBITDA forecast. He doesn't know that under capitalism, there is no "Nigeria" just like there was no "Africa" during capitalism's slave trade - there is just a resource-bearing area to be mentioned to investors on the quarterly earnings call.
This by the way, is the superpower of Europeans - the ability to wield words like armour piercing bullets. So that you will defend your own enslavement, all the while thinking you were defending something else entirely. In the poscaster's mind, he thought Seun Kuti was criticising the ability to buy and sell and calculate prices by finding the equilibrium point of the supply and demand curve, like they taught us in SS1 Economics, and he thought he was entitled to make that point. Meanwhile both men were talking about completely different things that have nothing to do with each other.
The fact that so many African adults are walking around today with this giant misconception inside their heads is proof of how disastrously successful this miseducation has been. And it's why I maintain that Burkina Faso, by changing its educational curriculum, is the only country in Africa that is on its way to freedom. Even the other 2 AES member states aren't on the road to freedom yet until they also completely overhaul what is taught to their children as "knowledge".
Because we've all been intellectually poisoned from childhood and made artificially stupid.
This just shows how useless our health system is in Nigeria.
A patient is laying on hospital bed yet we are still waiting for the patient to verbally talk before medical team could find out what entered into their body system.
Update: We didn’t take drugs, just alcohol; magic moment & best, and we played Truth or Dare. When I regained consciousness, I found my friends lying lifeless. — UNN house party survivor.
Apparently, they were about 10 who gathered to celebrate a friend who had just signed out, organized by one David, at Hilltop. David only got two bottles of alcohol which they all shared.
The party started around 11:30 p.m., after taking the drinks, they started T/D.
After that, the survivor said he helped someone to vomit in the toilet, upon returning he too slowly lost consciousness, and his legs became stiff.
Around 9 a.m., he regained consciousness, and saw everyone lying on the floor, including the host, David. So he called two people for help, one came and began recording instead.
According to the survivor, they don’t know what went wrong. Because the generator was outside, windows shut and fans on, as they were in the palor. And, the alcohol wasn’t so much as 10 of them managed it, and they didn’t smoke or do drugs.
Although in the hospital, his legs are still stiff, he said.
However, Vice-Chancellor, Prof. Simon Otuanya visited the survivors at the hospital, as the university confirmed the death of four students, while Enugu Police command says it has opened investigation into the sudden and unnatural incident.
Full Interview on Vanguard: https://t.co/3qSAblpYt9
Follow @TrendingEx for dailies..
The chaos in El Salvador before Bukele was never an accident, and the chaos in Haiti today is not an accident either.
The media told you that the gangs were just poor boys who went bad on their own, but that story falls apart the moment you ask one simple question.
Where does a poor sixteen year old boy living in a slum with no job and no money get an AK-47 and an AR-15 and a Glock and thousands of rounds of ammunition, and where does he get a brand new Toyota Hilux and motorcycles and speedboats and drones and encrypted phones and bulletproof vests and night vision goggles, and who pays his monthly salary and pays for his safe house and pays his lawyer when he is arrested and pays the police and the judge and the prison guard to look the other way, and who pays his family when he dies?
A poor boy cannot afford even one bullet, so someone else is paying for all of it.
That someone is the multimillionaires and the billionaires and the wealthy entities who profit from chaos, because chaos is a business and a broken country is the most profitable business in the world.
When a country is in chaos its land becomes cheap so they can buy it, its gold and its drugs and its resources can be stolen without anyone asking questions, its government becomes weak so they can control it, and its people become so scared that they obey anyone who promises them a little safety.
In El Salvador the gangs were not fighting the system, the gangs were the system, paid to keep the poor terrorized so the poor would never rise up and demand a better country.
In Haiti it is the same story, the gangs are not independent, they are funded and armed and protected by rich families and foreign businessmen and foreign NGOs who want Haiti to stay weak so they can keep stealing its ports and its gold and its labour.
And when a man like Bukele comes and says I will lock up all the gangs and end this in two years, who attacks him? It is the same people.
The same billionaires who fund the gangs fund the media that calls Bukele a dictator, the same wealthy entities who arm the gangs fund the NGOs that cry human rights for murderers, the same people who profit from chaos fund the political voices that hate real help in Haiti and sabotage anyone who is actually capable of doing it.
Look at the pattern and it becomes clear, when a gang kills a hundred innocent people there is silence, but when a leader kills a hundred gang members there is outrage.
When a gang rapes children there is no campaign, but when Bukele locks up rapists there is a global campaign against him.
That is because the media is not independent, it is owned by billionaires, the NGOs are not independent, they are funded by billionaires, and the politicians are not independent, they are bought by billionaires.
They do not want Haiti saved and they did not want El Salvador saved, they want them broken, because a broken country is cheap to buy and easy to control.
Bukele exposed them, he proved that gangs can be destroyed in months if you have the will, and that terrified them, because if El Salvador can be fixed then Haiti can be fixed, and if Haiti can be fixed then Africa can be fixed, and if Africa can be fixed then the billionaires lose their business.
That is why they demonize Bukele, that is why they sabotage Haiti, that is why they hate any man who actually helps the poor.
I recently had a meeting with a couple of people, including some friends. At some point during the meeting someone whom I consider a friend, wanted to type something. I happened to be standing behind when I noticed the switch between Twitter accounts.
What caught my attention was the account he was switching to. To my utter surprise, it was an account that regularly post outright falsehoods, spreads malicious narratives, lies, and engages in coordinated attacks against me.
I honestly found this quite disturbing.
The troll account actually even has more followers than his personal account.
I would ordinarily have ignored something like this, but I am struggling with the urge to tag him and the troll account.
Sometimes, the people behind lies and rumours are people you consider friends. Social media gives people the cover of anonymity to post envy and hate but no worries, God’s got you.
@GlobusBankNG , why can't i open the subsidiaries?
Kindly get it fixed, i need to pay my staffs.
I know you will request for my details, please DM for that.
I have a strong feeling that Atiku is working for Tinubu.
He may later declear that he will step down for Obi but he will be the one to produce Vice for Obi.
If that happens, we all know what will follow.
They gave Rotimi Amaechi vice presidential ticket simply because they wanted him to open his bank account and fund Atiku's campaign under ADC without knowing that Amaechi is even 100 miles ahead of them....
Baba is just sitting and observing...10 kobo Amaechi will not drop for that fruitless campaign....
Data boys should all go and find something tangible to do with their lives this time around...No available campaign funds... Atiku Abubakar is broke... Amaechi is not spending shishi.
Tunde Perry, Abu Abel, Small Doctor And Soso Sobrekon playing Dice At Zlatan Wedding, Tunde Perry chop Abu Abel money, Abu Abel no gree make pack the money😭😂 🎲
@GloWorld You blocked my sim for no reason, your customer service told me to go to any nearest Glo office with #600 to fixit . I went to your office at Ikorodu garage,i was told the sim is bad that i will pay #3,000 to get another sim with same number.
Why should i pay that 3k?
@mcfc_jagaban So people living in Anambra and Ibadan don't travel out?
You are mentally not okay.
Imagine someone who cannot travel home anytime he feels like is talking to people who can travel in and out of Nigeria anytime they feel like seeing new things.
Enjoy your security job boy.