"socialism means that what's mine is mine, and what's yours, we share" 😂😂

This, you will never learn, in a western school, never.

implied in socialist planning is that the planners are so much smarter than the individual. makes me sick, that kind of bigotry.

This man is a blessing to Africa

you are right. Batswana is a good example of economic freedom.

A well informed and intelligent economist!

Tanzania was given more foreign aid that any other Third World nation. How much more did it need to "flourish"? How can you "shoot down" something by bankrolling it on a massive scale? The areas of economic progress in Africa are in precisely those areas that have significant degrees of the key elements of capitalism: enforced property rights/rule of law, openness to foreign trade and investment, and relatively few restrictions on businesses. That's what's driven the fall in African poverty.

He is talking about the elephant in the room no one else dare to talk about. Bright and insightful man.

Mr Ayittey, thank you so much for such a wonderful lecture. I’ve learned so much about Africa and the failures of Socialism. You’re an amazing speaker, sir.

It's obvious he is describing capitalism by Africans, not socialism. Those who don't know the difference, will only be confused. When socialist leaders where overthrown or assassinated, these countries adopted capitalism, and committed to economic relationships with former colonial powers and implemented the IMF policies, none of the country's economies grew. The countries did not increase the GDP under capitalism. By the mid-80s, 20+ of these supposed socialist governments had been overthrown and were fully implementing IMF policies. If socialism failed in Africa, then capitalism is eating the survivors. George confuses individual economic initiative and trade with capitalism. It was capitalism imposed from Europe that prohibited individual African initiative and trade by imposing European ownership of African land, resources, imposing arbitrary borders, and restricting trade to the colonizing powers. What the chiefs did after colonization, was inherited from colonially imposed capitalism, not socialism. After colonialism, chiefs did not return to their previous roles as being appointed by the community. Colonialism used the chiefs to impose colonial rule, and after colonialism fell, these chiefs retained their relationships to the colonial powers, to the resources that their participation in colonialism allowed, and often undermined the socialist programs that were imposed. Socialism is the modern equivalent to communalism, in which the resources of the nation are owned in common and are used for the common welfare. Socialism does not prohibit individual initiative, but ensures that individual initiatives are in harmony with the needs of the nation! Africa did not remove colonialism with political independence. New colonial powers imposed new colonialism through foreign capital, that tied African countries to foreign interests. Aid to Africa was used to undermine local industry and established foreign sustained corrupt leadership that was unresponsive to local demands.

like neo-liberialist economics is a success for Africa, Socialism in Africa was never allowed to flourish , shot down by European/American imperialism

May I upload this video to my channel to spread the word against socialism?

“This is a philosophical question and I am an economist” The world should support free market economy

What Africa MUST do to develop even faster than the west or China : - Very low personal income tax rate - Very low corporate tax rate - Very low capital gains tax rate - A law that requires that for every regulation that is passed, two or more regulations must be abolished. - Most if not all state-owned companies must be fully privatized. With these measures, some parts of Africa will even look like Dubai and poverty in Africa will be a distant memory.

From today,I declared myself a student of George Ayittey

Great insights from a passionate and erudite man.

Idk what the ppl In these comments are talking about but he makes a claim at the end that instead of using the European model of socialism of Marx we should look at the indigenous socialism(like the free trade that he explained) that Africans engaged in before colonialism because it clearly worked well before that snow roaches came along

Interesting talk. I wished he would've given more concrete examples of social systems in African indigenous culture, would've substantiated that point a bit more.

I generally support capitalism. But I recognized that you really need a mixed economy (and a supporting legal system) to have a developed country. You need both capitalism and socialism to varying degrees. Every developed country including the U.S has a mixed economy. It's a matter of different countries figuring out which type of mixed economy will be best for their situation or circumstances.

I am sure this guy is f...gt... I am Tanzanian and proudly with the legacy of Nyerere 's Ujamaa ideology.

What would happen if the focus on results was shifted to an objective analysis of the process that led to the achievement of the results? Does one person corrupt themselves or there is an external agent of corruption? This obviously does not need Professors of Economics to answer. If we are all at point A and we agree to get to point B, whose method is correct, to get us to B between socialism and capitalism? Before the answer do we agree that we are all at point A? Do we all agree that we want to end up at point B? If we do not agree on point A or B then what are we discussing? What then is African Socialism? If we do not agree what it is, then how can we be so sure that it has failed? So Dr George Ayittey, where is humanity going and what system will get us there? Is the destination universally agreed?

Thank you for uploading this! I always wondered how exactly all these inefficient post-colonial economies came to be.

An amazing and insightful video, keep posting this stuff. So much is trapped in archives.

homegrown solutions.thanks

This should have a Billion views

Thanks

What a joke. He starts off saying he’ll talk about African socialism then gives. US imperialist puppet Mobutu Sese Seko as an example.

How does such a lecture benefit the African, when it appears that you are only washing our dirty linen in public? Why not hold such symposia in the African countries where it is needed?

Ce type est un ignare qui n'est en aucun cas un économiste.

This guy must be smoking some hard stuff. African leaders teaches us to love the colonialist or Europeans. We pray to a white God, we speak an European language, we have Eurocentric education and we do all this harmful things with pride. The founding fathers of most African countries are pan-African but they were soon removed by dictators who were pro-Europeans. Our economy is based on how much food and resources we can export to our colonial countries. First it was Human Resources (Slaves) then Cash Crop now it’s natural resources. Our schools are simply called grammar school that teaches us how to act European. I can go on and on but I believe u get the gist.

He didnt peak to western support for repressive regimes

Good speach

Brilliant and honest mind.

This should be a must listen to for all blacks trying to vote for socialist Democrats in America

Even if you are not african.one could easily related to his speech specialy if you are living in a third world country.experience heavy handed bureaucracy.epidemic of corruption.government incompetency.excessive regulation..

May God bless this man

Socialiem in africa is the biggest man make disaster.

Great video

Great lecture 👌

I'm not sure these are WHY as much as these are HOW socialism failed. That 20% vote is what is much needed....still.

A great presentation, thanks so much. There is more to geography of Africa than just raw materials and Western or Chinese exploitation. There is the problem of disease, of many warring tribal groups, of voodoo, of IQ. Academic elites are usually fixated on economics. They are unable to appreciate Human Resources and what makes for good people and productive citizens. They are unable to evaluate or cherish the spiritual resources that Christian Faith brings to Africa. They are unable to see how this faith brings an array of virtue into a culture to change it for the better.

ya'll wanted Independence... you asked for this.

Incompetent explanation.

wow, that was one of the poorest lectures I've ever heard.