Why is Africa is So Rich Yet So Poor?
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- Опубликовано: 1 окт 2024
- Africa's Stolen Wealth - Paradox of Plenty.
Africa has been branded by many as a rich continent and by others, a continent of poverty. Africa is blessed with a massive variety and quantities of natural resources.
The continent holds around 30% of the world's known mineral reserves. These include oil and natural gas reserves, uranium, diamonds and gold.
One can't help but wonder, why is it that a continent with such vast potential wealth can remain so poor, precipitating a paradox of plenty. Following extensive research on this, I share with you a phenomenon I believe is the anchor linchpin reason for the poverty in Africa.
In addition, I share my findings on the misleading narrative that Africa needs Aid and that the continent gobbles up aid and does relatively little to contribute to the global economy in return.The usual aid narrative is backwards, in every bit of money that comes into the continent from aid, much, much more money is leaking out, making Africa the richest, yet poorest continent.
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The comparison between SARS outbreak in China and Ebola outbreak just made me see how when something bad happens in Africa it is blown out of proportion making Africa look bad. Awesome content, thank you for enlightening us about Africa, my beloved continent!!!
Africa is mother to us all... we have to change the narrative about the continent, thank you so much for the support:-)
That's just to get a huge outcry so that opportunity to sneak in will much more avail for the 'super-powers' and enjoy the corruptible stealing of the mineral and natural resources in the meantime of 'the disease'.
He who controls the narrative controls the mind of the people and those who control thé narrative are thé very ones impoverishing thé African continent. This is why Africa needs its own very indepent média To inform ,educate and decolonise our minds for thé betterment of thé future générations. Just one of thé numerous ways for Africa To trully fly on its own amongst others.
Well the Reason it was such a scare is not because it came from Africa but the nature of Ebola's virology & abnormal transmissibility.
Viruses can normally only replicate in a host or clean environment with certain various requirement being met.
Ebola has the abnormal ability to replicate in near any environment regardless of how clean or unclean.
Western scientists where highly worried at 1st glance for if it wasn't for the fact it can only cause serious harm or casualty to those malnourished.
it could have possibly have been a threat to the globe that world be far more then the present concerning virus.
Why nutrition of the developing world became a much more became a much more major concern after Ebola in the hopes to eliminate it or at least slow it before further notable adaptation. Only reason the quality of live has become better out side the west in recent decades is literally to save westerners own hides.
They call it charity & humanitarian effort but it is self interest for self preservation & is not selfless as primary but as side effect I suppose?
Don't know why 'you love' said continent, it's just land.
Tell you the truth it not anyone making I said look bad, it genuine well founded reasoning.
Truth eco-geography is not on the favour of most southern land masses located along the tropics.
''Nature is a harsh but fair mistress''. Don't ignore her or she'll scorn you;)
If only you'd seen what was to come that year as you wrote the comment. Covid makes ebola look almost like a child
Africa will rise again if only
1.We as Africans have to get rid of our corrupt,selfish and greedy leaders
2.Stop our leaders from exporting our natural resources
3.Use those resources to build a better Africa
4.We need to depend on our selves because we ur so rich in natural resources that is why the world targets Africa.
5.It's high time we tell our story and work together as Africans
Honestly you could do with decent financers & political cabinets that don't consist of nepotism.
The amount of people who only have their position due to being family or friend.
It should be based on merit & acumen but the developing world nations princeps are ridiculous yet no one questions it.
How can you expect decent administration with a rag tag cabinet of aunties, cousins & uncles?
Hey still remember gadhafi? Yeah y'all killed him
Maybe y'all need to be a better individuals before asking for better leader
@@MrAulzzz wdym? Libyan rebels killed him. Other Africans had nothing to do with that.
A solution is: exchange ALL citizens from Japan with all the citizens of Sub Saharan Africa, the continent will thrive, while Japan will disintegrate.
The mindset of Africa is what kills us as Africa......
A quick fix is desperately needed.. Many thanks @Prince Chama
1:46 , That didn't age well....
I know.. right, Covid had to come and spoil the party lol Btw a lot more videos uploaded, I trust you'll enjoy them too
This is a wake-up call
For sure @Beatrice! Thanks for watching
Are you going to go their & help them? Can you help them? Can you even help yourself?
If no to any of the above then it's simply; empty sentiment & petty complaint!
No offence, I'm just never cared for self gratifying weightless word's.
I might be mistaken but I highly doubt it?
Hey bro so are you going to get serious about spreading this channel again?? Your making such great content. You just have to share.
Hey bro, Great to hear from you and many thanks for the support and encouragement. I had a few challenges in animation but I've already found a solution, new video releases coming up..
@@RisenAfrica Okay good to hear you haven't given up. 😁✌🏿✊🏿
@@MonDieuMaCauseMonEpee Far from it bro😁😁
Thanks a million for the nudge🙏🏿🙏🏿
@@RisenAfrica I am so proud of you man. I remember when you had only three videos. But when I saw your video on the Swahili language I knew you were serious and started sharing your videos on all my social media and closest friends. Keep up the great work brother.
Anyone else wish there were more channels like Risen Africa? The narration, pace, perspective, and information are well-balanced. Thank you for teaching us all valuable information, and I hope you continue the good work!
You've made my day @Matt Waples, many thanks for watchimg and for the support
I'm half-Chinese half-European and have lived in both China and European countries. Seeing the biased portrayal of China by Western media, I realized that I should take everything else it says with a grain of salt. I've so far identified several major groups of consistent biased portrayal: China, India (rape land with no toilets), Islamic countries (everybody's a woman-oppressing terrorist) and of course Africa (starving children drought land). This led me to look for alternate news of these regions, which led me here.
I'm in Belgium right now and I still regularly come across charities asking us to donate to 'poor people in Africa' and whatnot. This made me think about issues with the concept of volunturism that I read a while back though: you had these 'volunteers' flying over on expensive flights so they could build wells for those poor Africans, and they leave feeling happy and superior. Meanwhile, the stuff they made breaks down after a while, the locals could have done a much better job themselves if they'd just be handed a fraction of the cost, and for the cost of the volunteer's whole trip, many locals could have received training in many useful skills.
Foreign charity is often just there to make Western donors feel good about themselves. It doesn't care about efficiency of capital allocation or long-term impact. That needs to come from the locals themselves. In fact, your video shows that they could possibly be helping a lot more if they offered tools and knowledge on building more transparent capital control systems.
Very insightful comment @Valerie Van Kerckhove, aid does very little to alleviate populations in target countries out of poverty, arguments could be made that aid, in fact, stifles development, many thanks for watching
@@RisenAfrica The arguments about aid stifling development in Africa has already been made over and over again...Check out the Zambian Economist, Dr. Dambisa Moyo, she has been one of the outspoken persons on this issue. She also has a book on this called "Dead Aid".
@@RisenAfrica It is the African leaders that are allowing the bleeding capital out of the country, corruption is endemic. You do not leave an email or contact details for feedback?
I agree with most of what you said on volunterism... but, most of the volunteers wnat an experience, otherwise they wouldnt just give the money. Their going there phisicaly does bring some good in therms of turism money and giving people a diferent perspective
You talk of negative reporting man! You just bash on anything Europeans do, even if they donate to help someone you throw hate their way.
If africans donated money to help poor people in Europe I would see that as a positive.
This video needs to be seen and you did a great job. You make amazing content and I hope to see more content.
Thanks a million @Rashad, more content coming up and on a more consistent basis, stay tuned
Ironic how China brought yet again another pandamic into the world which was at first covered up by their goverment, which was unkown when you uploaded this video
Its baffling how things turned out, at the time I was working on this, I didn't have a clue about the impending Covid19 pandemic
This channel is too important. Never stop the brilliant work.
Keep doing this great job👏🏿
Much appreciated @Pauline Karani
I love your channel so much!! I've learnt a lot from your videos, you deserve more views. Cheers from Argentina.
Bueno q veniste a sabe del Africa.Continente America,del Sur a norte son mui ignorante cuando la terma es Africa.
Awesome, thank you so much @Agustina.. Glad you've been getting value. By the way, a lot more videos available, trust you'll enjoy them too
Awesome work.. capital flight shook me to the core
I believe that's the main reason why Africa is "poor"
Thank you so much for watching @Jordan! My core is yet to recover:-)
@@RisenAfrica keep dishing out more content 🙌
@@jayjay5852 More content coming right up, for now we upload one video per week, keep up the support, we're likely to increase the frequency very soon
Don't forget exploitation, colonialism and neo colonialism
@@Cbreezy510 the narrator briefly did cover those aspects
Economic and history course in under 15mins. As always appreciate the knowledge 💪🏿
You bet @Kadeem Joe.. Many thanks. Btw a lot more videos available, I trust you'll enjoy them too
we need to retain our wealth, stop letting the colonisers take our gold oil and minerals then give a false hand of help, we don’t need help from the oppressors, we need them out of africa
Exactly! We dont need aid.. We need free markets! Many thanks. Btw a lot more videos uploaded, I trust you'll enjoy them too. Cheers
No you do need us as you don't have the technological know how to get anything done....I mean how many great innovations have come from Africa in the last hundred years.
All you do is blame the white man for your downfalls.
We Africans deserve to be disrespected and mistreated. We are the only group in the world that stupidly welcomes everyone and never disagrees. We follow everything Western liberals tell us. White women pick up African children for photos and all of you smile. If a white woman did that in Asia she the parents of the child would slap her. Africans respect yourselves first and conduct yourselves with respect to earn respect. Stop sharing our culture freely with Westerners
All of Africa needs to watch this video.
Glad you think so @Derrick Alex.. Much appreciated.. pls share it around. Btw a lot more videos uploaded, I trust you'll enjoy them too. Cheers
*Insightful video. Would love to hear more from you.*
Many thanks! Will back very soon. Glad you're watching
I heard billions were made by Africans working abroad and taking their knowledge and only back to their nations and help the nation grow, it has a magical effect and benefited the different nations greatly.
All true @Jarod.. Many thanks! Btw a lot more videos uploaded, I trust you'll enjoy them too. Cheers
We need to first know who we are and know secondly where we want to go as a people
You were very deliberate and incisive in talking about the economic challenges faced by the Continent. You did not merely call out capital flight. You qualified your phrase: illegal capital flight. I don't have very much in the way of data. Having lived in Liberia during my high school and understanding what I do about the political and social dynamics in African countries, I would be inclined to agree. It seems that all too often Africans might be heard complaining about legal capital flight ( even though that too has its own set of unique challenges ). The tax enforcement piece is definitely very significant. I do think that where that is concerned that it may be an issue with record-keeping.
Hey! I really appreciate your videos. I am American of Indian heritage, but I hope African countries become influential and powerful!! Youre teaching me a lot. :)
You have my prayers.
Thanks a million @Jay George.. You're most welcome.. I'm happy to hear you're getting a lot of value. Btw a lot more videos uploaded, I trust you'll enjoy them too. Cheers
Justice for Africa
I strongly second this motion @kumar
Define justice!
rather Vague & empty?
I'm sure you could be more descriptive & specific.
How could I or any know know what out come you desire? ''Ask & you shall receive'' how can I know what you want from ''justice''
you justify anything for even the the worst of atrocities where just in the mind of most inflictor's;)
volition is great yet simultaneously frightful reality my fellow!
Thank you for this ultimate reawakening
Any time! Much appreciated @Abdulaah..😀 Btw a lot more videos available, I trust you'll enjoy them too
If Europe or Asia or America had as much resources they would rule earth but here we are starving while sitting on gold
Africa needs to do better! Many thanks for watching @Meta Torreto
You also have to take in the geography of Africa as well. That desert separated Sub-Saharan Africa from the rest of the world so trade and new technologies never really came to them. Add random drought and unpredictable and rare rainfall and even agriculture was a problem.
Not to mention Africa is being drained of its resources now.
To think that we are the continent that produced the richest man in history whose wealth remains unrivalled is staggering. I'm talking of Musa Mansa and yet we have some of the world's poorest people. But let's not forget that even at the time when Europeans came to Africa and began colonizing it (for 400 yrs),they saw civilizations and works of art and that's why to this day most of those works of art remain in European museums. The Songhai Empire was huge during the reign of Henry VIII of England and there were universities in Timbuktu (today's Mali). So do not be deceived, Africa is the cradle of civilization
Africa needs to cash in its richness or stop talking about it. It sounds ridiculous We are always the richest continent but who are we kidding. It's been half a century since independence. Calling ourselves the richest continent serves to placate the struggling youth, to make them feel less miserable while the elite plunder with impunity. We cant be richest and poorest at the same time.
Well said @Mathew Omolo.. The victim mentality has to go. We need to take charge. Btw a lot more videos uploaded, I trust you'll enjoy them too. Cheers
It all boils down to the mentality of the residents.
I've been watching your videos congrats on your growing subscribers.
Thank you so so much @peter opemiposi.. Really means a lot. We're almost at 100k subscribers😀 Btw a lot more videos uploaded, I trust you'll enjoy them too. Cheers
Thanks a lot for this video.
I'm french and like in every occidental country the image of africa is only : poor
it is sad to see this observation and to see that france is exploiting the countries of francophone africa. I hope that will change and that there will be an awareness.
Thanks for saying this @Alexander! Thanks for watching
We need to make it viral!!
A man whom owns a mountain of Gold and Diamonds can never be poor, he can however be deceived into adopting unnatural monetary schemes and tricked into thinking that he is poor... All AFRICA COUNTRIES NEED TO UNITE UNDER THE AFRICAN UNION, UPON THE FOLLOWING 1. NATIONALIZATION OF ALL NATURAL RESOURCES. 2. RETURN TO THE GOLD STANDARD. 3. OPEN TRADE AND BORDERS WITHIN THE CONTINENT...
Keep spitting facts brother. The world needs to know
Poor people are not love in Africa.
You deserve more views
United States gained independence in 1776 and has been continuously on receiving end of capital flight for the last 200 years, especially from Europe. China has been "independent" since before Christ and it is massively hemorrhaging capital now. So if you think being independent for longer will somehow help with capital flight, you should think again. It is all about the relationship between state/system and the rich people. If there is no trust and understanding between the two about best practices in regards to asset security, in other words if rich are afraid that the state will rob them blind now or in 20 or 50 years for whatever reasons they will move their capital somewhere more secure - for example United States.
Many thanks for watching @Kirian Kador The United States is not immune to this disruptive process though. The flows that now favor America could someday slacken or reverse, with damaging consequences especially since the rich in the US prefer to stash their cash in tax havens
Just saying ; Africa needs to repent. Break ancient curses that have rendered it to begging and stop this habit. Close their borders and trade hard without compromising their resources. Honestly.
Hey, I know this is an old video but I just want to say that this is a real eye opener. I come from Canada and I obviously realized the amount of countries and their differences, however somehow never realized the amount that the media generalizes Africa as a content and how much it had negatively impacted my view about the state of the continent. I wish more people could see this. Much love 👍🏽
Internal corruption is Africa's problem today and the increasing popularity of communism which destroys all efforts to build the economy of the region.
That's your opinion, that might be part of it but it's small fraction compare to what we Africa lost to so called lenders and Aid.
@@mohamedswaray470 It's not my opinion, it's a fact. My country went down the same path and the only ones spared were those whose parents saw the handwriting on the wall and left with their families and young children. Africa can never, will never, overcome the problem if they don't acknowledge it. The internal corruption and communist movement across the continent benefited from the lenders and Aid, which worsens the living conditions for everyone else. Blind yourself to the truth and keep down the path they were already headed. It's their call, they are the ones that will have to live with the consequences. Same as the people in my homeland who continue to suffer the consequences of their shortsightedness under corruption and communism.
It might be a tad long but read me out;)
It's not what you say alone though it plays a decent part. Even china's private out flow is low at about 100billion a year as a near closed which makes up 1 part of many concerning capital flight.
I do not mean to be rude but a certain amount of economic flight is expected in an economy. The most common reason for extreme capital flight to occur is usually a regime change, a sudden high tax increase or globalization/sudden new out competing goods to the market that out compete local suppliers.
If either of these 3 mentioned problems occur then it will will not only have a shock on the nation it occur in but the closest trade normally neighbouring nations that rely on that nation for goods in local production. The 3 causes mentioned often have good short term but in the term the economy of that nation & those that surround it suffer.
you say the outside world is entirely to blame but that is only fraction of the problem capital flight. it is caused more so my the majority of the countries in said continent having terrible financers & economic policy.
What also really keeps so many of Africa's population in poverty are 2 major reasons that I noticed, Wealth distribution internally & the lack of any real welfare system's-facilities.
The upper class wants for nothing & while everyone else has little to nothing.
Much like east Asia I find Africa to very much be a caste based society though that might not be the exact term?
Mind their are exceptions to my observations in the continent but I find this to be the common trend.
you talk of the riches of Africa but no society has ever come out of poverty on mineral from wealth for it only rewards the highest of said society & gives no incentive to improve commoners condition of living or work. If your employers have no reason to pay you more besides a moral one then why would they?
Business people do nothing out of kindness or charity regardless of complexion.
Even how you talk Risen Africa show a great level of innocence, offence intended but you shouldn't be so trusting.
A few Limey Blight saying's to savvy;
'What one say's & what one does are 2 very different things''
''The most harm often comes from home/your own''
Another favourite; 'You can pick your friends, but you can't pick your family''
Thank you & apologies for the length, if you have read this!
The paradox of plenty is injustice being perpetuated as a narrative of darkness and helplessness; when the truth is that this wealthy nation has everything at hand to rise in #ubuntu.
Well said @Roselyne Wanjiru..The 'resource curse', or the 'paradox of plenty' is a narrative that can be broken away from. Many thanks. Btw a lot more videos uploaded, I trust you'll enjoy them too. Cheers
Food aid has destroyed Africa's ability to properly feed itself. Aid in almost all instances is more harmful than helpful. You need to get Aid out of Africa so Africa develop its own domestic capacity.
Very well said @HisShadow,, Btw a lot more videos available, I trust you'll enjoy them too😀
Thank you for educating us about Africa! Africans rise up and create your legacy.
Most welcome @livencali1 Much appreciated.. Btw a lot more videos available, I trust you've been enjoying them to0
What a fantastic channel! I've always felt so ignorant regarding the African Continent and this is a great antidote to despelling so many of the myths I grew up with!
Because of colonization from outside countries stealing their natural resources, and spreading diseases to control the African population, so they could inhibit their land.
Welcome aboard @jean pascal monzies.. Much appreciated. Btw a lot more videos uploaded, I trust you'll enjoy them too. Cheers
Blame your leaders for eating everything up
Brilliant work 😁 this channel is amazing
Means a lot you saying this @Bashir Ali.. Btw a lot more videos available, I trust you've been enjoying them too
"Africa doesn't need aid, Africa needs Justice."
Say it louder @Vestine.. Many thanks😀
I can agree that the real reason why there are a lot of poor African citizens is because of colonization and slavery along with it being compared with other countries like the Great Britain or France because of them having about 300 years to develop and colonize, Therefore making it unfair. Africa still doesn't have the complete advantage of no longer being poor and finally being able to have no poverty because of a lot more money coming out of Africa's total GDP than the money coming in. Soon Africa will rise and fix its problems and its people will be able to live better lives. I really have been enjoying Risen Africa's Content and can't wait to see more uploads. Never stop making amazing, informational, and educational videos. Can't wait for the next video!!!
Many thanks for always watching @Trill It means a lot. I trust you've also been enjoying more recent uploads, cheers
Genius!!!!! Exposé par excellence!!!!! 💯 Please , keep upthe good work... 🙏
Much appreciated @Coach😀
Africa needs to change its policies so it’s not exploited
Could you imagine if the world judged America based off the backwoods of West Virginia? Smh
Very apt correlation @mrcead😂 Many thanks for your consistent support mate
Africa is so beautiful I really love the nature I wish it’s so clean and low population the mother nature be clean and safe fresh :)🤍🤍
Yes I believe they have for decades. ❤💜🙏
Many thanks @Trina Btw a lot more videos uploaded, I trust you'll enjoy them too
Africa is suffering of capital flight. Imagine if all the nations became ONE and united and the nations each made that much money. We would be extremely rich, way too rich and the nation know this.
Africa is suffering of capital flight.
Well said @Ray Rocanaldo.. Many thanks for watching
Sir you are the best please be careful as well , they may want to harm you
Much appreciated @Bongani.. Many thanks for watching
This is one of the best if not the best channel I've subscribed to. WOW! The information is eye opening even to me who lives in Africa.
You've made my day @Neo Sehlabane :-) Welcome aboard
Ohh how I enjoy your work. Wonderful very detailed. These colonisers need to leave Africa alone
So happy to hear! Cheers
😊
Do Good Questions always have Good Answers ? Watch the video and find out.
We failed ourselves & now assume it's the norm.
very honest answer
London is the head of a tax evasion, a British Company came to Ghana offering tax havens.
Cant argue with that.. Many thanks @Montu Meroe Btw a lot more videos uploaded, I trust you'll enjoy them too. Cheers
Lookit: Africa's chock full of resources, and fresh out of nations that care about their own people. It's a grab bag. Kidding? Don't blame the birds for circling, landing and then feasting.
What happened to Africa the land of great kings and queens 😪 we forgot our culture and we lost our ways 🥺 but the blood of our ancestors the blood of the Nile runs in our body 😌 justice will be ours it's just a matter of time ✊🏿🤘🏿
Well all the bad people go to the moonlit streetcorner and sell their soul to the Devil for money (Warning: Do not do this. I'm not responsible for what happens. All at your own risk.)
Corruption
I applaud your economic analysis
Much appreciated!
European here. Really sorry about the last few hundred years.
Me too. Our ancestors sucked big time. I hope we will be able to do better. Feeling inherited shame.
Loving God and Loving your neighbour as you love yourself will save the world
Amen! Many thanks @Victoria Kimathi. Btw a lot more videos uploaded, I trust you'll enjoy them too. Cheers
Keep up the amazing content
Thanks, will do!
Thank you so much for this video!!
one of the few video who explained this correct.
I dunno man, sounds like african to me
Is there a reason you don't cover the massive amounts of $ that's simply taken by the local rulers?
Many thanks for watching @Andy. Didn't cover it in as much detail but mentioned that illicit capital flight is not a get out of jail free card for corrupt African leaders. Btw a lot more videos uploaded, I trust you'll enjoy them too. Cheers
5/5
Man Africa sure got the short end of the stick
You bet! Many thanks for watching
Do you really have to ask this? ANC
lol
Thank you for this video!
Most importantly, the people who live in the countries should own the resources!!!!
Many thanks for watching @The Cat.. Well said.. Its a massive absurdity, the resource rich countries should be the owners of wealth
"Apart from the residues of colonialism"...that's exactly what the video said it is NOT arguing.
@@abesapien9930 Exactly, please continue reading the sentense.
That's one thing that's always kind of bugged me about many European former colonizers: they often like to tout their equality, freedom, successful socialism, post WW2 construction efforts, and economic success but many of these countries continue to benefit from exploitation of Africa. Democratic and wealthy Switzerland for example got caught utilizing african farms where children were enslaved and forced work and many companies like Dutch Shell and British Petroleum make a fortune off exploiting African resources and all this money gets funneled into those European countries who can also benefit from buying cheap African goods to keep their cost of living down and their taxes high (if you can buy a good for half the normal price you can stick a 100% tax on it and sell it at the normal price while the government pockets a fortune without suffering the drawbacks of a 100% tax).
Happy new year
A year late but still Happy new year @Layorh Skye.. Btw a lot more videos available, I trust you'll enjoy them too
True
Many thanks @Freddy ND.. Btw a lot more videos uploaded, I trust you'll enjoy them too. Cheers
Thank you the channel manager
We are going to the development way
Africa
Most welcome @African man! Many thanks! Btw a lot more videos uploaded, I trust you'll enjoy them too. Cheers
Really good channel, I've learned more about mother Africa🙏
Happy to hear @Mudasir Btw a lot more videos available, I trust you'll enjoy them too😀
Giving the major reason for africas poverty for capital flight doesnt seem to be fair and blamish. Its our laziness, war, corruption and incompetent leaders that caused the poverty
It's so easy to blame the west rather that admit to Africa's shortcomings.
Of course they're somewhat involved in african crises..they should leave Africa alone
The long lasting legacy of the slave trade, colonialism, neocolonialism through central banking, no decent infrastructure, the scramble for resources by foreigners, and corrupt governments, are the major reasons why Africa finds itself in such a predicament.
Good grief, he literally made a point to NOT make a point about colonialism, which he put in a column of "old" explanations. Yet here you are repeating anti-white liberal talking points. Can you list for me three African countries that were rich, modernized, and flourishing, before a colonial invasion took place? Because you seem to be making the argument that Africa was doing quite well for itself, and then suddenly the white colonialists ruined it for Africa forever. Countries do bounce back. Europe was decimated to ashes in WW2, and yet almost all of those countries have thrived since then. Their pain is even more recent than the slave trade, but they aren't using that "legacy" as an excuse to not grow and move on.
Africa is not rich let's stop this misconception. All these mineral non off these African countries own even half off these mines in their counties.
How so?
Did you forget the reason Europe even got revolutionized was mostly because the resources they gained from Africa
@@jonathanmcgregor3125 if you understand stand what I'm saying. I'm not disputing that. That is why I'm saying most African countries don't own their own wealth. I'm saying what you are saying.
Thus the title "Why is Africa rich yet so poor" ....I think the video isn't disagreeing with you
SH.... T continent
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Potential to be the most powerful continent in the future
So if I'm understanding correctly, this video is arguing that white collar crime (tax evasion, tax havens, corporate crime) is keeping African countries from building infrastructure?
now is covid the new sars
Exactly @GM Imagine if the discovery and spread of Covid had been from Africa instead of Wuhan China, the world would have most likely locked out Africa from the international community. There would have been no emergency funding for vaccine development, limited global attention and judging from other challenges that the continent faced in the past, Africa would become known as the Covid Contient
@@RisenAfrica Bit simplified!
if the CCP could not buy off the WHO then I'm sure that china would have been in much the same situation.
Don't be jealous that the CCP are better diplomats?
I have always held admonition to china but our elites laden pockets are another matter in the west.
I quiet like Africa along with it's Bantu natives well enough, I'm not very fond of the descendants of your exports mind!
They are very repetitive, loud & tiresome!