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MrSkelter | 2 months ago
Moreover private owners optimize for wealth under capitalism, not preservation. Look at why oil companies want to do to the sea and arctic. Or the replacement of Amazonian forest with pasture for beef grazing.
African countries suffer under the poverty created by colonial extraction of both resources and people, followed by being charged for the privilege of having their resources taken, and saddled with unpayable loans. Those loans also placing them in a position where they are forced to allow western countries to continue to extract, and are prevented from protecting their national interests.
If Africa was allowed to own its wealth and develop without negative interference (assassinations, extraction, the world bank, foreign militaries) it would be the richest region on the planet.
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