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What You Should Know / April 19, 2010

imperial africa1 -- "The amount of money that has been drained out of Africa-hundreds of billions decade after decade-is far in excess of the official development assistance going into African countries," said GFI director Raymond Baker. "Staunching this devastating outflow of much-needed capital is essential to achieving economic development and poverty alleviation goals in these countries." Examining data for a 39-year range from 1970 to 2008, key report findings include: Total illicit financial outflows from Africa, conservatively estimated, were approximately $854 billion; Total illicit outflows from Africa may be as high as $1.8 trillion; Sub-Saharan African countries experienced the bulk of illicit financial outflows with the West and Central African region posting the largest outflow numbers;

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  • 1. DERP  |  April 19th, 2010 at 7:15 pm

    Nobody seems to care anymore. Or if they do, they can only frame their outrage in the foggiest of racially themed bedtime stories. “Poor little blackaboos vs. mean whitey.”

    That is significant by the way, as it plays directly into the hands of the capitalists: keep the peasants distracted with petty ethnic rivalries while you loot the hell out of everyone. Very effective.

    Oh well, they’ll get theirs. They’ve grown ill disciplined and have taken to shitting in their own houses now. That will backfire sooner or latter.

  • 2. FrankMcG  |  April 20th, 2010 at 12:25 am

    I’m pretty sure they have servants to clean up the shit.

  • 3. coldequation  |  April 20th, 2010 at 9:29 pm

    I actually read a little bit of the pdf. I think what it really means is that African criminals are putting their money in swiss accounts and the like. Allowing them to put their money into the West hardly amounts to raping them. At worst it amounts to enabling them to rape each other. If there’s a modern King Leopold, he’s an African (and there are plenty of them, Mugabe for example).

    How would we stop this? By not allowing Africans to invest in the West or by auditing African investors stringently to make sure they’re legit? You’d probably accuse us of racism if we did that too. White Westerners are going to be accused of racism no matter what.

    And if you were an African (or anyone) with money to invest, where would you invest it? If you wanted a bank, which bank would you go to? I don’t care who you are or where you’re from, Western institutions would be on the short list. And this makes Westerners the bad guys?

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