
Magatte Wade
@magattew • 82,063 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
Videos

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:
Magatte Wade2,088,826 просмотров • 6 месяцев назад

Africa is NOT poor because of colonization. From my conversation with Dr Jordan B Peterson:
Magatte Wade3,636,191 просмотров • 3 лет назад

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.
Magatte Wade291,338 просмотров • 5 месяцев назад

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:
Magatte Wade156,906 просмотров • 3 месяцев назад

Socialism did not grow from some ancient African tradition. It arrived at the most emotional moment in our modern history, when newly independent leaders were furious with the West and the Soviet Union knew how to present Marxism as the language of liberation. The anger was understandable, but the economic ideas still failed us. Independence changed the flags, but ordinary Africans still had their governments standing in the way of making a living. (with Dad Saves America)
Magatte Wade48,584 просмотров • 1 месяц назад

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.
Magatte Wade177,196 просмотров • 4 месяцев назад

“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)
Magatte Wade258,363 просмотров • 6 месяцев назад

Hot take: If Elon Musk had stayed in South Africa, we might never have heard of SpaceX, Tesla or Neuralink. That tells you how much a country’s business environment matters for innovation and prosperity. Africa is the poorest region in the world because our business environments don’t give entrepreneurs the freedom to innovate and create prosperity.
Magatte Wade31,542 просмотров • 21 дней назад

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.
Magatte Wade159,599 просмотров • 8 месяцев назад

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?
Magatte Wade51,060 просмотров • 2 месяцев назад

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.
Magatte Wade67,238 просмотров • 4 месяцев назад