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.show more

The majority of Africa is communist. ....and that's the problem.

It never made sense , an African goes to Europe/America and thrives there. An utter and complete waste of talent

Yep

The system is the people. Am sorry but u are contradicting yourself here

Enterprise is stifled in much of Africa. You are right. Cannot agree more. Like you. Still, none of those explanations tell us why our people struggle under one set of rules and thrive under another. The same people 🙂‍↕️ If the same people and enterprises produce much better outcomes under different conditions, perhaps the people are not the problem. The problem is a system. It punishes the very businesses that create jobs, and build towards national prosperity. May I add. It's extremely hard. NB. This is no excuse for poor performance. But the odds are terrible in a terrible environment.

Black americans are not as preyed upon by neferious politicians as in Africa. Populist ideology finds a healthy acceptance amongst a vastly uneducated yet desperate voter base

I'd blame the rulebook, not the people. Paying to be legal before you earn a penny kills enterprise first.

I enjoy your honest and informed takes. Only Africans like yourself can change the trajectory of Africa by speaking these truths. A mind-blowing statistic I recently learned: black people in the United States are estimated to hold 2-5 times the wealth of all Africans combined.

I’m sorry Africans are just not intelligent. They don’t believe in any real scientific facts because it may have come from a white person. All I hear from Africans is don’t believe the white man. Africa will never get ahead because of this ignorance.

Bless you young woman. Two very prominent African Americans are in perfect concert with your views on Economics and Truth: Thomas Sowell and Elon Musk.

The IQ is the reason.

No... its the iQ... plain and simple....

African politicians and the cronies are very rich. Corruption and nepotism must be abolished.

It turns out you need the right kind of government rules to have a good economy. Private property and contract protection by law. Minimal interference by government in private transactions.

If you think other people are "thriving" under the current system outside of Africa you clearly don't understand it then

Please tell this to the UK’s present government.

Very worthy question.

Mo investment coming into SA with BEE

This is great because it is solution focused and works whether those other issues are partially true or totally false. All the other explanations focus on things that can’t be influenced.

Oh sure, that's it.

Africa's teething problems I would argue, and that the youth are the answer not what the problem is, but what the solution is too ...

Capitalism and liberalism will never develop Africa! We would only end up like debt-ridden countries—such as France or the United States—that keep the printing presses running. This doctrine is destructive for Africa.

Money printing has nothing to do with free market entrepreneurialism. To be clear, Africa needs economic freedom (ie free enterprise, free trade, clear and transferable property rights, sound money, etc.) Without economic freedom, we will remain poor.

Africa doesn't need free market but rather order—like China,for instance. What you are describing is failing miserably in Europe and breeds imperialism aimed at stealing others' wealth, such as the US in Venezuela and France in Francophone Africa. Adopting liberalism isn't⬇️

2- part of African culture and will never work, since the whole concept stems from colonialism.

She is confused! This was the same person who was almost foaming at the mouth when criticizing socialism but look at China today. Not everything written is gospel truth. Think for yourself instead getting bogged down into ideological nonsense.

No. It is you. Lots of countries have been in similar situations and...

Bureaucracy,high taxes for start ups and licensing bottlenecks.

💯 %👍

@TonyBrunoShow Virtually all post colonial nations exhibit extreme inequality, which is a feature not a bug.

Poverty is multi dimensional and can’t be ascribed to one cause. Stifling bureaucracy is only one of them just like culture, colonialism, education.

no bro. it is the people.

This is off topic, but that's a beautiful room and you look beautiful in it

Poor countries are suffering from the lack of capitalism. Remove the rulers and left freedom reign.

The average IQ difference DOES explain this very accurately. The people leaving and thriving elsewhere are the upper half of the IQ curve that manages to "get out". It is same in the US where the blacks from poor neighborhood "make it out" and thrive in a white neighborhood.

Would this be resolved in a truly communist society?

Japan is an island ...so is Taiwan and a lot of other countries... then look at Haiti.... It IS the people

Our governments dislike citizens progress and they’re doing everything to ensure deficiencies in infrastructure and education

I love you! You are a voice of reason in an ocean of irrational thinking.