Tags Foreign investors
Tag: foreign investors
A while back, people might have argued that this was a statement of journalistic exaggeration, a way to grab the reader’s attention by fear mongering, but today it is an unfortunate statement of fact when one looks around the region. While the intensity and unrelenting nature of this year’s hurricane season has captured a great deal of media attention, the way these storms have intersected with the region’s indebtedness, vulnerable, dependent economies and correspondingly weakened state capacity has not.
In the wake of Nelson Mandela’s death, hosannas continue to be sung to the former ANC leader and South African president from both the left and from the right. But the right’s embrace of Mandela as an anti-racist hero doesn’t ring true. Is there another reason establishment media and mainstream politicians are as Mandela-crazy as the left?
“Africa shining” is just as potent a mirage as “India shining”; the shine is restricted to the economic and political elite on both sides of the Indian Ocean. African leaders – both elected politicians and traditional chiefs share the responsibility for allowing the pillage of their continent in the name of economic growth and development.