Quote:And they haven't'tr managed to overcome that after all these years?
Modern resource extraction in Africa is widely characterised as neo-colonialism. US, and European nations—secure critical minerals (cobalt, lithium, copper) and agricultural goods essential for global supply chains, often keeping African nations trapped as raw material exporters rather than finished-goods producers.
Financial and Monetary Influence: Many African states operate at a disadvantage through unequal trade agreements and foreign debt. For example, currencies in several Francophone African countries are pegged to the Euro and require holding foreign reserves in the French Treasury, limiting monetary sovereignty.
Unequal Trade Balances: While Africa is resource-rich, it exports raw materials at low prices and is forced to buy back finished, value-added goods at premium costs. Additionally, agricultural subsidies from Western nations make local African farming difficult, causing the continent to import roughly 85% of its food despite a rich history of agricultural independence.
Lee, you appear to be under the illusion white colonisation of Africa is a thing of the ancient past. Is this a common white racist mindset ?