/ / / Architects of Poverty – Moeletsi Mbeki

Architects of Poverty – Moeletsi Mbeki

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In his innovative and challenging new book, Architects of Poverty: Why Africa’s Capitalism needs Changing Moeletsi Mbeki analyses the plight of Africa and concludes that the fault lies not lie with the mass of its people but with its rulers the political elites who contrive to keep their fellow citizens poor while enriching themselves.

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Description

In his innovative and challenging new book, Architects of Poverty: Why Africa’s Capitalism needs Changing Moeletsi Mbeki analyses the plight of Africa and concludes that the fault lies not lie with the mass of its people but with its rulers the political elites who contrive to keep their fellow citizens poor while enriching themselves.Concentrating mainly on South Africa, his country of birth, and Zimbabwe, his home when he was in exile, Mbeki tells a tale of lost opportunities and extinguished hopes. Yet Mbeki is no Afro-pessimist. Along with his candid expose of the problems, he poses some suggestions about what needs to be done to break the stranglehold of the African elites on political power and to set sub-Saharan Africa once more on the road to development. Black Economic Empowerment (BEE) has not proved to be the fatal blow to South Africa’s oligarchs that Nelson Mandela and black nationalists of his era once envisioned. In fact, it strikes a fatal blow against the emergence of black entrepreneurship by creating a small class of unproductive but wealthy black crony capitalists made up of ANC politicians, some retired and others not, who have become strong allies of the economic oligarchy that is, ironically, the caretaker of South Africa’s de-industrialisation.

 

Additional information

Date Published

2011

Publisher

ISBN

9781770101616

Specifications

Softcover, 20 x 13 cm, 196pp

Language

English