African politicians campaign on the ticket to be servants of the poor and once elected they change to being the slaves of the foreigners. Political leaders always claim glory in Government success but distance themselves from government failures. Loyal and commit leaders should be willing to be remote, unloved, and convenient whipping boys and girls as long as they know they are doing what is best for Africa. African economic development machine should not be implemented through the current government structures, rather should be implemented through a system designed not to compromise and function on consensus, but through a fast moving legislative process that will put economic power in the hands of the people. Fundamentally, Africa must push for work to be shared by the people and pooling together the self-governing communities together. Communities must be granted power and resources to initiate and implement their own community project. Government must just be a monitoring agent that ensures that only deserving project are allocated grants funding.
Political opposition parties always up in arms against the ruling party, but they are not offering any alternative solutions. They are always playing a blame game. This one is blaming that one and vice versa, there is no progress in the blame game. There must be a common cause out there, but hardly political parties work together for a common cause. In Africa racism and poverty supposed to be a common cause for politicians, however one political party wants to prove to the other at the expense of progress.
Yet Azania has not lost its claws and can be saved. It just needs committed reformists and loyal servants to get it back on track. Committed reformists and loyal servants are needed because African economic reform will be constrained by the system that deems Africa to be incompetent to stand on its own. The power will be limited by institutions like World Bank, International Monetary Funds, United Nation, and many private institutions which are in the hands conservative nonbelievers. If Africa reforms its economic development policies, these institutions will lose their relevance as economic terrorist, donors and charities for Africa.
African economy has changed less for Africans in the past 100 years; the balance of power is still in the hand of foreigners, the balance of power may be shifting from the West to the East. There has been heavy investment from the East, despite the attempts by the West to delay and sabotage the east taking over Africa. Since de-colonisation, Africa should have been in a position to be number one producer food to feed the world. Africa could have utilised its massive productive land to develop an efficient Agricultural sector to feeds its children. Food and shelter should have been a priority for Africa, and it can still be a priority, however a mind shift is required. Leaders and education system needs to redefine the capability of Africa.
Western intelligence agencies are working overtime to keep Africa a charity continent. They keep Africans distracted and focused on non-economic issues. They sponsor political hooligans to distract the attention from the real issue. They will sponsor splinter political parties without capacity, to advocate economic revolution, knowing that those political parties don’t have capacity to articulate and implement economic revolution. These parties will talk about taking land, mines and other business without compensation. Western intelligence agencies know that these incapable parties can fool some people some time but you cannot fool everyone all the time. Once this splinter political parties fail, the nation will be convinced that they failed because of their economic revolution policies and not because they were set-up for failure. Once these splinter political parties fail, it becomes a massive step back for Africa, it becomes difficult to convince the public that there was nothing wrong with their policies but they just didn’t have the capacity to implement.
Simultaneous, they will fund anti-revolutionary parties (right-wings) that will consistently criticise the policies of the left-wing splinter political parties. The West will be funding the right-wing parties with a mission to criticise the left-wing, and funding the left-wing to criticise the follow left-wing. Once the splinter left-wing fails, the right-wing will feel vindicated that the left-wing policies will not work. The public will also be convinced that the left-wing policies do not work, while the reality would is that foreigners have set-up and sponsored he left-wing to fail. This process is repeated many times, and distracts Africa from the real political issues, while the sponsors continue to economically loot the continent.
The West has Western policies on Africa, while Africa does not have African policies on the West. Rounds after rounds of negotiations are held to persuade Africa to accept dumping for the right to export quality raw material to the West. These negotiations are backed by implicit threat of banning African export if talks failed. Against that background, friendlier African leaders fall into the trap and provide the West with an opportunity to continue to exploit Africa. Foreigners’ friendly leaders offer the West an opportunity to build better method to exploit the continent and gradually they are depleting its resources. Africa must take a leap of faith, and focus on building an economy that is for the benefit of Africans.
Philosophers says hope for the best, prepare for the worst. The world will ban African and try to bankrupt it if it implement African trade union that focuses on facilitating African trade. The expectation for African to focus on trading within its borders may appear too high but they have done it before, Africa was self-sufficient before colonisation. They were just made to forget about their achievement and brainwashed to be economic dependents. It is a massive challenge for Africa to take itself out of poverty, the future may appear to be too gloomy, and oppositions to Africa development will encourage less aggressive economic policies.
There is a clear link between the economic weakness of Africa and the better relation between Africa and the West. They only like Africa because it is economically dependent on them; the West is not really fond of the East because the East found a way to be economically independent. Africa should respond, it must make it clear that it has no intention of continue to be the poverty synonymous and state clear intention of proper African economic development. One of the first steps must be to ban the import of genetically modified food and implement serious unit-dumping laws. These publicity statements must be done warily. Because any clear intent to aggressively lift Africa out of poverty will not serve the West, they will advise that it must be a gradual process, knowing that the gradual process has not worked and it will not work in future. They will also want to be part of the rebuilding of an economic independent continent. They would want to include restraints of the dragon and intrusive inspection to prevent Africa from implementing the strategies independently. This will be because if they do not have details of how the programs will be implemented; they would not know how to counter the implementation. Africa must refuse such a deal, and if Africa refuse, that would very likely be unacceptable to them. Africa will be shooting itself on the foot if it gets the West involve in the poverty eradication in Africa, it would be worse than not doing anything. Failure to convince African through negotiations, the West are likely to turn to their modus operandi, they will resort to military action like they have done with many countries that do not toe the line, or they will buy fellow Africans to assassinate leaders of the movements fighting to empower Africans. And they will create splinter parties to distract the revolution. However, the question is; are Africans ready to die for their beloved continent?
It is obvious that there is a growing awareness amongst Africans about the need for poverty eradication and it can only be done when African are united. Realising the that unity is the centre of poverty eradication, the West intervened decisively in countries like Libya, arming rebels in most African countries and created splinter political parties everywhere; and these actions deprive Africa the most effective weapon, African Unity. African Unity is not getting support, and African Unity is the heart of economic development of Africa. The real African Union (‘AU”) should be established to act as a civil service, regulator and enforcer of the rules. AU must be pro inter-African trade, and have exclusive right to initiate African legislation. Africa will be having one language, and of one speech. AU must be a commission that needs to scrap the current trade treaties and guard against any African country entering into more treaties with foreigners. If an African country is considering a treaty, AU must find a suitable African partner. AU must pursue a common interest of Africa. It should make it easy for Africans to access each other. Make it cheaper to air travel between African countries and cheaper telephone roaming charge. Currently, it is expensive to travel between African countries, than to travel to foreign countries. AU must use its unique platform effectively; implement real African free trade and setting out a coherent, all-encompassing road map for Africa.
African countries must be aligned and share enthusiasm for a single market in service, Azania.
African countries must strongly back each other to access African markets and open labour markets to each other. Africa should be in the same side in negotiating trades and in blocking the power of the mighty foreigners. It must take its rightful standing in the world stage. Africa is running at the outer track of the economy, where it is dictated on what it should do and what economic condition Africans supposed to live in.
The West will do all in their power to deny and reject Africans’ right to exist and live in prosperity. Africans should not be naïve, the West have economic and military clouts to influence the evens in Africa, and interest in doing so. When actions to economically empower Africans and eradication of poverty in Africa start to rise, the West will not back away from Africa but they will try military intervention.
Indirectly, the West has tight control over the rich regions in Africa and African leaders allowed it to hold all the cards. They can decide the economic fate of Africa and that will be that. West treats every cultural and religious problem/change in Africa as rebellious. When Africa wake up to their economic reality, clashes over culture and religion are unavoidable, and if they are unmanageable, they will be threat to the West. Africa is treated like an unstable patient or suicidal prisoner, liable to hurt itself.
For Tactical reasons, Africa must not implement gung-ho foreign policy as they will be irreversible. Foreigners must feel they are the ones who walk away from Africa, to avoid bloodshed. Africa should therefore tread carefully; overzealous support for the idea of economical independent Africa would strengthen the belief, widespread among the western leaders, that Africa is conspiring with the East to destroy the West. This will be because Africa’s poverty eradication strategies similar to those implemented by countries like China. The West will not support economic independence of Africa and will want more autonomy. The declaration by African leaders to commit to poverty eradication should just be the beginning, not the end; the real challenge is the implementation and freeing the constraints with a non-violence stance. Young generation if not guided, may turn aggressive in their stance, which may jeopardise the progress of the program. To succeed, Africa must advance more pragmatic proposals than the hard-line ideological approach, and not alienate other foreigners that may be Friends of Africa in future.
In love and war, nothing is certain. Africa must rebuild its forces and start nuclear programs to protect itself. However, adequate efforts must be made to calm the foreigners to avoid the greatest humanitarian catastrophe. The new development plan for Africa must be chiefly tactical, because of the catastrophe it may cause. It must be made difficult for the West to justify military interventions and public opinion must be for Africa. African economic war is complicated, the chances of its success it is highly uncertain, is dependent on commitment from ordinary Africans’ willingness to work hard for their beloved Azania. It will encounter opposition from within and outside.
When US or China sneeze, the world catches the flu. Currently, Azania and Africa for that matter do not have real influence on what happens to their economy. However, they appear to be convinced that they have influence and they seem to be confused by what the market will do a day after their action. Sometimes the market support what African Central Banks are trying to achieve but most of the times the long-term market reaction is the opposite. Always in their speeches, they will put mixed messages about why, how and when their action will have the impact. African Central Bankers are just doing what they were taught in their economics one, and hoping for the best. That economics book is not relevant to the poor clue less Africans, it applies to the big four economies, US, China, Europe and Japan.
Central Bankers tell the nation that the risk of doing something outweigh that of doing nothing. How does the country supposed to know that? Except to the fact that the big economies have power over small economies, there is nothing straight forward in central banking, factors that need to be considered are just to many to control i.e. jobs, inflation, growth, GDP and all, they are just too many. Like weather, the central bank should just leave them to the individuals to manage their circumstances.
Central Bank Governors keep on dropping and increasing interest rates trying to stabilise the market and control inflation, and the market time and time again proved to them that they do not have influence over their economy. The role of central banks in Africa it should be just to keep the interest rates stable (at a reasonable level) and watch the big boys play. Fluctuating interest rates create vicious circle, low interest entice the poor to accumulate debt and struggle to repay the debt after the interest rate increases.
The US or China can tapper financial markets, and action by any other central bank is nullified. They decide to slow the pace of the market or stimulate the market. The control of the market is sitting with US, China, Europe and Japan. These countries can decide to make money ultra-cheap and the emerging markets (like Africa) currencies will wobble. Emerging markets jitters because of the change in economic policy from the four economies proves that the emerging markets are not in control. Africa must accept that they are economic slaves to the world. They can only take control if Africa starts trading within its borders.
African Central Bank governors give empty speeches and justification of their action, suggesting they are solving a certain problem. The reality is that they will be talking quack, and the speeches are too technical for politicians to understand and challenge. Their speeches are not transparent, they always say they will keep the policy until there is substantial improvement, if they knew what they were doing there will give definite guidance.
The strongest argument about tampering with interest rate is price stability, economic benefits and unemployment. That may be true but even if it was, the African Central Bank Governors do not have control over their economy, the economy is controlled somewhere else with a remote. The only way to take control of their economy is to peg their currency to an African currency and peg the African currency to gold, and forget about western economic principles. A currency peg is a country or government's exchange-rate policy of attaching the central bank's rate of exchange to another currency. Currency are sometimes also been pegged to the price of gold.
The other way to minimise the risks of prolonged unnecessary interest rate fluctuations, is to acceptance circumstances in which they operate and avoid vague references to substantial improvement or deterioration and stick to a comfortable level of interest rate. The governors should stop taking pains to point out the path to interest rate changes is data dependent. They are just engaged in some wishful thinking about the future path of the economy. Their inability to accept that they don’t have power over the economy, has led to the suffering of the poor, who are reliant on debt to survive because there are no sufficient economic activities to support them. They must just deploy unconventional policies to boost the economy by keeping interest rate constant.
The bottom line is that, all the factors that the Reserve Bank is trying to influence are controlled somewhere. Foreign direct investment is not necessarily related to the central bank’s action but mostly governance of the country. Africa has precious resource to be ignored by investors. Unemployment is caused by inefficient economic empowerment policies and poverty; the unemployment will only drop when the continent is implementing pro-African economic policies. The confusion is uncertainty over how the reserve bank weighs un-employment against other concerns. The Reserve Banks will not help Africa with unemployment; Africa needs communities of manufacturers. Once Azania has network of manufacturers, the central bank will be able to print money to support the economy.
Economic activities are control by the developed economy, Africa is just a supplier of raw material and the manufacturing countries are the ones holding the key to economic activities. Currently it is difficult for the country to print money because it doesn’t have methods to bring it into the economy without affecting the exchange rate. The only way to bring printed money into the economy is through the manufacturing sector.
Interest rate do nothing to African economies except making the poor poorer, the only people benefiting from the high interest rate is owners of the economy and loan sharks. During low interest the poor get more into debt and during high interest rate they compromise on essential services like insurance and medical aids to cope with the high interest rate.
Few Africans believe that African economic strategy works. A combination of the fictitious economic development and political harmony, make it appear as if Africa is doing ok. Instead the disaffection is rife amongst the poor and youth. An overwhelming poverty and African politicians commitment to non-violence means the unrest is easily contained. Despite the bleak future for Africans, Politicians are maintaining their rule by only indefinite deployment of forced economic strategies. Africa must be advocating a new pragmatic approach to economic issues, such as economic independent Africa. It must focus on the difficult issues first, like reducing reliance on social grants and implementing policies that social grants will be paid to community projects.