Top 10 Poorest Countries in the World – 2017 List

From The Gazette Review:

As cliché as it may be, many believe that money makes the world go round. Upon second thought, this notion really doesn’t seem to be too farfetched at all. In general, some of the most powerful people in the world tend to be the richest ones, and some of the richest people in the world tend to become some of the most powerful. Whether an accurate unit of measurement or not, a multitude of people around the world will end up defining their success through the money they’ve made throughout their lives. If not anything else, money is an easy unit of measurement to work with because it’s probably the only directly quantifiable measure of success there is. Read full news article

Once again 10 African countries ranked the poorest in the world. The promise of Independence has become a mirage, a smoke screen for further exploitation. Political Independence was a colonial tactic for the Europeans to maintain their hegemony over Africa. Britain still has the biggest direct foreign investment in Africa despite the noise about China. How does Africa respond to this historical injustice that continues to stifle development?

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Africa’s Poverty

The poverty of African states has been exacerbated by the unequal structures through which they find themselves linked to the world economy. As patronizing as it was, in the colonial system the metropole exercised some maternal role over the colonies. While the mission of the metropole was the exploitation of the colonized, nevertheless, it sometimes felt a sense of responsibility toward the colonies. In the postcolonial world-order, a sham system emerged that is a no holds barred capitalism that lacks both a soul and any sense of moral justice. This system has ensured that corrupt African governments are submerged in debt that they cannot repay; debts in which the interest payments have far outweighed the principal.

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