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The problem: Nigeria is a corrupt third world country. It has nothing to do with capitalism. Hah. On an internet filled with naive, uninformed assertions, this
by hyperbovine 16y ago
The problem: Nigeria is a corrupt third world country. It has nothing to do with capitalism.
Hah. On an internet filled with naive, uninformed assertions, this is a true standout. Virtually every defining moment in the history of that unfortunate country can be traced back to the meddling of Western capitalists looking to make a buck. It starts with slavery and ends with oil, with a healthy dose of British colonialism in the middle. Their dysfunctional system of government, permanent underclass, environmental destruction--it has _everything_ to do with capitalism. Put down the Milton Friedman koolaid and dig deeper.
- clammer 16y agoSo corruption doesn't happen in communist countries? And communist countries never attempt to meddle in the affairs of others? There was nothing naive about my comment, as much as you made naive assumptions about my comment. My point is: Capitalism != mercantilism. Capitalism != corruption. I would never dispute that much of the underdevelopment of the middle east and africa isn't due to meddling by foreign counties (though, not just western). However, corruption has more to do with culture than economic structure. Why do people pervert what capitalism is just so they can tear it down?