The main culprit of poverty in Africa (and other countries) is the widespread corruption. It's the destroyer of all entrepreneurial and business activity in those countries. Any business is continuously being robbed, ransomed and conned into paying "protection" money by gangs and law enforcement alike. In addition the civil servants demand payment for the most trivial licenses you need to operate your business. These all add up and make any business unprofitable because you cannot pass on those costs to customers.
To combat corruption these countries need to educate their population of its effects plus hefty penalties, including capital punishment, to get it under control. The higher up the tree the more severe the punishment should be. Politicians and senior civil servants should always be put to death since their corruption has the greatest impact.
> The main culprit of poverty in Africa (and other countries) is the widespread corruption. It's the destroyer of all entrepreneurial and business activity in those countries. Any business is continuously being robbed, ransomed and conned into paying "protection" money by gangs and law enforcement alike.
Isaac Bacirongo's autobiography, Still a Pygmy, has plenty of interesting comments on this topic. The main business theme seems to be that in Africa it's not really possible to extend (or receive) credit - if someone says they'll pay you later, they won't, and if you were foolish enough to believe them you're going to take a loss.
hn_submit · · focus · HN ↗
To combat corruption these countries need to educate their population of its effects plus hefty penalties, including capital punishment, to get it under control. The higher up the tree the more severe the punishment should be. Politicians and senior civil servants should always be put to death since their corruption has the greatest impact.
thaumasiotes · · focus · HN ↗
Isaac Bacirongo's autobiography, Still a Pygmy, has plenty of interesting comments on this topic. The main business theme seems to be that in Africa it's not really possible to extend (or receive) credit - if someone says they'll pay you later, they won't, and if you were foolish enough to believe them you're going to take a loss.
Corruption was a smaller concern.