Series: How Africa Developed Europe

Continuing Exploitation in a “Free” World

This entry is part 3 of 3 in the series How Africa Developed Europe

Around $134 billion comes into Africa in the form of loans, foreign investment and aid every year and around $192 billion goes out in the form of profits of multinational companies, tax evasion, and so on, resulting in a loss of $58 billion every year for Africa.

Permanent link to this article: http://new-democrats.com/how-africa-developed-europe-3/

Plunder of Africa by colonial domination

This entry is part 2 of 3 in the series How Africa Developed Europe

African labour was used to exploit African resources, and finally the profits were transferred for European development. …the colonial powers were able to exploit workers to the maximum.

Permanent link to this article: http://new-democrats.com/how-africa-developed-europe-2/

How Europe grew rich?

This entry is part 1 of 3 in the series How Africa Developed Europe

The reinvestment of profits from the slave trade helped in the inventions and innovations that strengthened capitalism.

Permanent link to this article: http://new-democrats.com/how-africa-developed-europe-1/

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