Magatte Wade's banner

Magatte Wade

@magattew • 81,929 subscribers

African prosperity activist 🌍 Founder https://t.co/mnYDtLHQns - My mission: 2.5B prosperous Africans by 2050. Here’s how: https://t.co/2wzfMLe7yx

Shorts

Come to Dakar and you’ll see very clearly where your aid money goes. So many of the foreign residents you see in Dakar are either working for the UN, an NGO, or an embassy. Most are living lives of fine dining, with nice cars, large apartments, maids and constant parties.

Come to Dakar and you’ll see very clearly where your aid money goes. So many of the foreign residents you see in Dakar are either working for the UN, an NGO, or an embassy. Most are living lives of fine dining, with nice cars, large apartments, maids and constant parties.

1,946,786 views

Videos

Anya Rossi

sweetdream.ai

SweetDream.ai•Sponsored•Livecam

Watch Anya Live

Anya is streaming live right now! Join her private show and enjoy exclusive content.

Exclusive private shows

1.2k viewers online

Private Show

Join now for exclusive access

Free preview available • Premium content

I've spent my whole life trying to understand why Africa is the poorest region in the world. Low IQ. Malnutrition. Lack of education. Colonialism. Racism. Laziness. I've heard every explanation. None of them made sense. If it’s colonialism, why was Ethiopia (never colonized) for a long time the poster child for African poverty? Why was Botswana, which was colonized, one of the best performers in Africa? And why is Singapore richer than its former colonizer? If it's lack of education, why are half of African university graduates unemployed? Why were math degrees from Eswatini raising chickens before we hired them to teach at our virtual school? The real answer is something nobody wants to talk about:

I've spent my whole life trying to understand why Africa is the poorest region in the world. Low IQ. Malnutrition. Lack of education. Colonialism. Racism. Laziness. I've heard every explanation. None of them made sense. If it’s colonialism, why was Ethiopia (never colonized) for a long time the poster child for African poverty? Why was Botswana, which was colonized, one of the best performers in Africa? And why is Singapore richer than its former colonizer? If it's lack of education, why are half of African university graduates unemployed? Why were math degrees from Eswatini raising chickens before we hired them to teach at our virtual school? The real answer is something nobody wants to talk about:

2,085,966 views • 4 months ago

Africa is NOT poor because of colonization. From my conversation with Dr Jordan B Peterson:

Africa is NOT poor because of colonization. From my conversation with Dr Jordan B Peterson:

3,636,191 views • 3 years ago

If aid could fix poverty, African countries would be the richest in the world after ~$3 trillion in aid.

If aid could fix poverty, African countries would be the richest in the world after ~$3 trillion in aid.

14,015 views • 4 days ago

Elon Musk did not become a different person when he landed in America. In South Africa, he may still have been brilliant, restless, and ambitious, but the environment would not have given him the same room to build SpaceX, Tesla, Neuralink, and everything else. Talent matters. The country you build in decides how much of that talent can become real.

Elon Musk did not become a different person when he landed in America. In South Africa, he may still have been brilliant, restless, and ambitious, but the environment would not have given him the same room to build SpaceX, Tesla, Neuralink, and everything else. Talent matters. The country you build in decides how much of that talent can become real.

291,034 views • 3 months ago

Long before I ever heard of Mamdani, I believed what he believes. If people can't afford milk and meat and the market won't fix it, then the government should step in and solve it. I don't believe that anymore, and it isn't because I stopped caring about people who can't afford groceries. It's because they're the ones who suffer for it, long after everybody else is gone:

Long before I ever heard of Mamdani, I believed what he believes. If people can't afford milk and meat and the market won't fix it, then the government should step in and solve it. I don't believe that anymore, and it isn't because I stopped caring about people who can't afford groceries. It's because they're the ones who suffer for it, long after everybody else is gone:

156,741 views • 1 month ago

Ethiopia was never colonized and for decades was the poster child of poverty in Africa. Botswana was colonized and has been one of Africa’s best-performing economies. Vietnam was colonized, devastated by war, and heavily bombed. Today, it is doing remarkably well. Bottom line: colonialism cannot explain why some countries prosper while others do not.

Ethiopia was never colonized and for decades was the poster child of poverty in Africa. Botswana was colonized and has been one of Africa’s best-performing economies. Vietnam was colonized, devastated by war, and heavily bombed. Today, it is doing remarkably well. Bottom line: colonialism cannot explain why some countries prosper while others do not.

176,824 views • 2 months ago

Before you blame colonialism for Africa’s poverty, explain these 5 countries. 3 were colonized. 1 of them was later destroyed by war. The remaining 2 escaped long-term colonial rule. Who became rich does not line up with who was colonized. History matters. But it does not decide whether people can own property, start businesses, or trust the law today. Governments decide that. We cannot change what happened to us. But can change what is keeping our people poor right now.

Before you blame colonialism for Africa’s poverty, explain these 5 countries. 3 were colonized. 1 of them was later destroyed by war. The remaining 2 escaped long-term colonial rule. Who became rich does not line up with who was colonized. History matters. But it does not decide whether people can own property, start businesses, or trust the law today. Governments decide that. We cannot change what happened to us. But can change what is keeping our people poor right now.

24,658 views • 11 days ago

“Is Africa poor because of colonialism?” Not at all. In Senegal, if I want to hire someone, a government official who has never run a business in his life gets to decide if we're allowed to work together. And people wonder why we're poor. (with TRIGGERnometry)

“Is Africa poor because of colonialism?” Not at all. In Senegal, if I want to hire someone, a government official who has never run a business in his life gets to decide if we're allowed to work together. And people wonder why we're poor. (with TRIGGERnometry)

258,003 views • 4 months ago

There is a reason why I call Africa a village. I used to think building a business in Senegal was difficult because Senegal was poor. Then I realized I had it backwards. People are poor because they do not have enough income. Income mostly comes from jobs, and those jobs come from businesses. So when African countries make it so hard to start and run businesses, where are the jobs supposed to come from?

There is a reason why I call Africa a village. I used to think building a business in Senegal was difficult because Senegal was poor. Then I realized I had it backwards. People are poor because they do not have enough income. Income mostly comes from jobs, and those jobs come from businesses. So when African countries make it so hard to start and run businesses, where are the jobs supposed to come from?

50,811 views • 26 days ago

Zimbabwe 🇿🇼: 5x richer than Botswana in 1960. Botswana 🇧🇼: 6x richer than Zimbabwe by 2011. Socialism vs free markets. The difference? Socialism vs free markets.

Zimbabwe 🇿🇼: 5x richer than Botswana in 1960. Botswana 🇧🇼: 6x richer than Zimbabwe by 2011. Socialism vs free markets. The difference? Socialism vs free markets.

412,945 views • 8 months ago

Vietnam was colonized by the French, bombed to pieces, and left with nothing. Today it's kicking our asses back home in Africa. At some point we have to stop making excuses.

Vietnam was colonized by the French, bombed to pieces, and left with nothing. Today it's kicking our asses back home in Africa. At some point we have to stop making excuses.

246,791 views • 5 months ago

You cannot fix poverty while making enterprise nearly impossible. I have heard every theory about why Africa is poor. People blame colonialism, racism, education, laziness, or even African intelligence (the IQ theory). Still, none of those explanations tell us why our people struggle under one set of rules and thrive under another. The problem is not the people. It is a system that punishes the very businesses that create jobs and prosperity.

You cannot fix poverty while making enterprise nearly impossible. I have heard every theory about why Africa is poor. People blame colonialism, racism, education, laziness, or even African intelligence (the IQ theory). Still, none of those explanations tell us why our people struggle under one set of rules and thrive under another. The problem is not the people. It is a system that punishes the very businesses that create jobs and prosperity.

29,364 views • 17 days ago

AOC and Mamdani are wrong. And Africa is the proof. Next time you talk to a socialist, use this angle. I’ve never seen one hold on to their ideology for more than an hour after hearing it:

AOC and Mamdani are wrong. And Africa is the proof. Next time you talk to a socialist, use this angle. I’ve never seen one hold on to their ideology for more than an hour after hearing it:

299,544 views • 7 months ago

When I ask non-Africans why Africa is the poorest region in the world, I hear colonialism, racism, stolen resources, etc. When I ask Africans, I hear the same things. But no one ever mentions the one factor that actually explains it all:

When I ask non-Africans why Africa is the poorest region in the world, I hear colonialism, racism, stolen resources, etc. When I ask Africans, I hear the same things. But no one ever mentions the one factor that actually explains it all:

283,231 views • 7 months ago

I used to be borderline communist. I lost 90% of my friends when I stopped believing what they told me about why Africa is poor. And what I found underneath their "compassion" was something uglier than I expected:

I used to be borderline communist. I lost 90% of my friends when I stopped believing what they told me about why Africa is poor. And what I found underneath their "compassion" was something uglier than I expected:

140,373 views • 4 months ago

Hot take: Colonialism is history, but it is not a complete theory of poverty. Vietnam was colonized, bombed, and isolated, then changed course and rose. Conversely, Ethiopia was never colonized and still spent years as the poster child of African poverty. If the old explanation cannot handle those two facts, maybe it is time to ask better questions.

Hot take: Colonialism is history, but it is not a complete theory of poverty. Vietnam was colonized, bombed, and isolated, then changed course and rose. Conversely, Ethiopia was never colonized and still spent years as the poster child of African poverty. If the old explanation cannot handle those two facts, maybe it is time to ask better questions.

48,786 views • 1 month ago

I spent years asking one question. Why did countries like Singapore, New Zealand, and Denmark become prosperous while countries like mine stayed poor? People gave me every answer you can imagine, from colonialism and education to natural resources, culture, and the ugliest theories about Africans themselves. But none of those explanations answered the part that bothered me most. Why do the same Africans who get stuck back home suddenly build, work, and thrive when they move to a country like the US? The answer was sitting right there. Africa is the hardest region in the world to do business, and we keep pretending the problem is our people instead of the rules around them.

I spent years asking one question. Why did countries like Singapore, New Zealand, and Denmark become prosperous while countries like mine stayed poor? People gave me every answer you can imagine, from colonialism and education to natural resources, culture, and the ugliest theories about Africans themselves. But none of those explanations answered the part that bothered me most. Why do the same Africans who get stuck back home suddenly build, work, and thrive when they move to a country like the US? The answer was sitting right there. Africa is the hardest region in the world to do business, and we keep pretending the problem is our people instead of the rules around them.

67,195 views • 2 months ago

How do you change someone's mind about free markets? You don't argue. You connect dots. A grieving mother was crying, telling me “capitalism” killed her son. He drowned trying to reach Europe on a boat. I sat with her. Then I asked her one question: why did he leave? To find a job. Why couldn't he find one at home? Because there are none. Why are there none? Because Senegal makes it nearly impossible to start a business. By the end of our conversation, she understood. Free markets were the only thing that could have saved her son.

How do you change someone's mind about free markets? You don't argue. You connect dots. A grieving mother was crying, telling me “capitalism” killed her son. He drowned trying to reach Europe on a boat. I sat with her. Then I asked her one question: why did he leave? To find a job. Why couldn't he find one at home? Because there are none. Why are there none? Because Senegal makes it nearly impossible to start a business. By the end of our conversation, she understood. Free markets were the only thing that could have saved her son.

159,599 views • 6 months ago

Every time someone shoves that IQ map of Africa in my face, I have one question: If we're so stupid, why do we become doctors, entrepreneurs, and engineers the second we get to a free country?

Every time someone shoves that IQ map of Africa in my face, I have one question: If we're so stupid, why do we become doctors, entrepreneurs, and engineers the second we get to a free country?

112,701 views • 6 months ago

At 25, Peter St Onge, Ph.D. says he became a millionaire after betting everything on Yahoo during the dot-com boom. He retired to a Thai island. One day, he took a speedboat into town, logged into his account, and found almost all the money gone. Years later, he became one of the most followed economists online. In this episode, Peter argues that AI will take millions of entry-level office jobs. Over time, though, people who work with their hands could become much richer. He calls AI the opposite of the Industrial Revolution. I hope you enjoy our conversation: 00:00 Trailer 01:17 Peter gets rich, retires, and loses it all 07:07 Why trust makes countries richer 11:02 SkinIsSkin 12:25 Why experts got Trump wrong 13:57 How institutions protect the in-party 18:11 What America learned from the 1920s cuts 23:53 Why Peter defends some Trump tariffs 29:24 Why small business taxes matter 30:57 Why Peter says the Fed went rogue 37:25 Peter’s case for Bitcoin 45:07 What Milei changed in Argentina 47:23 Why Europe could change fast 52:18 Why AI could make workers richer 1:00:11 Rapid-fire questions 1:02:31 Where to follow Peter

At 25, Peter St Onge, Ph.D. says he became a millionaire after betting everything on Yahoo during the dot-com boom. He retired to a Thai island. One day, he took a speedboat into town, logged into his account, and found almost all the money gone. Years later, he became one of the most followed economists online. In this episode, Peter argues that AI will take millions of entry-level office jobs. Over time, though, people who work with their hands could become much richer. He calls AI the opposite of the Industrial Revolution. I hope you enjoy our conversation: 00:00 Trailer 01:17 Peter gets rich, retires, and loses it all 07:07 Why trust makes countries richer 11:02 SkinIsSkin 12:25 Why experts got Trump wrong 13:57 How institutions protect the in-party 18:11 What America learned from the 1920s cuts 23:53 Why Peter defends some Trump tariffs 29:24 Why small business taxes matter 30:57 Why Peter says the Fed went rogue 37:25 Peter’s case for Bitcoin 45:07 What Milei changed in Argentina 47:23 Why Europe could change fast 52:18 Why AI could make workers richer 1:00:11 Rapid-fire questions 1:02:31 Where to follow Peter

48,660 views • 2 months ago