Africa as the Last Frontier: Why It Matters in the Global Economy

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1. Most of the Western talk and some Africans echoing the nonsense about "good governance" must be ignored.  In the US and several other European governments, mismanagement has been legendary resulting in huge loses.  This is a smokescreen and Africans must not even entertain such comments or questions.  Yes, there's a level of corruption within governments and there always will be.  You minimize it and get on with the more important matters of business.
2. Alkebulan Collective Intelligences=Collective Solidarity=Collective Group Economics.
3. Having land, and resources are THE BASIS FOR THE TRANSFORMATION.  It is a question of how those resources must be leveraged so as to diversify the economy, and at the same time, not lose the power of those two important resources.  If land and resources weren't so important, Egypt would not be threatening Ethiopia and much of Africa with war because of the dam being built on the Blue Nile River in Ethiopia.  Remember the story of the virgins who were given wealth and those who buried it and did not leverage that wealth to attain more vs those who did.  This was the parable Christ mentioned.  Africa must bring increase to its resources in a capacity with fairness.  From this, you gain the money for technological education which is then leveraged into inventions on the continent beyond what has occurred in Europe, the US and Asia.
4. Control of the "gates".....  Now, that would be a very interesting topic.
5. Switzerland makes hundreds of millions for its chocolate but don't have the key ingredient grown in Switzerland, i.e., coco beans.  This comes from four African states, primarily.  Where are those chocolate factories in those four African states? Also, the Swiss and friends have manipulated the coco bean prices on the commodity markets virtually always to their advantage.  How do Africans handle that? Through a Collective Cartel which I mentioned earlier.
6. Overall, excellent presentation.
7. Western worldview is based on the freedom of the individual.  No, this is not accurate.  The corporation was not and still isn’t an individual, it is a commune made up of board members and shareholders.  This is the perception that is put forward but the US and Western Europe is the face of corporate communism driven by pure capitalism that, only in the last century did, labor put some checks and balances upon.
8. China and worldview:  “Stability is an end in itself.”  Who has been playing a role in destabilizing parts of Africa?  Those who are doing this, what is their worldview? Traditionally, generally, the more unstable a country is, the greater the return on profits has been for European and American corporations.
9. True, globalization is not a win-win for everyone.  Also, true that Africa has increased its consuming of foreign goods far faster than it has the production of goods for internal consumption or external shipping.
10. “I’m not a historian.  Let’s leave that to the historians.”  African Historians and bankers must work together if they are to maximize the economic growth and social wellbeing of Africa.
11. “What is our excuse for having not made progress” after colonialism ended?  Not paying too much attention to the colonialism experience is to ignore the mindset under which some Africans continue to operate.  Most of them received Western education without adjusting that education within themselves towards a collective self-interest focused on self and collective Africa.  The heart of Western education is to program you to maximize the interests of the West while rewarding you with what remains.
12. “Colonialism was a major setback for Africa.”  There are those black capitalists who will acknowledge the negative aspects of colonialism upon Africa but do not see or will not acknowledge its continued influence upon some of them.  Nigeria and Libya has the best crude oil in Africa and that is based on extraction and there are those Nigerian leaders who saw a removal of Libya as a viable player to mean more markets for their own sweet crude.  How is that mentality different from that of colonialism when some groups of Africans would collaborate with the Europeans to enslave other Africans?
13. Fracking technology vs crude oil.  Fracking is a desperate losing proposition. Fracking is going to trigger catastrophic earthquakes and explosions in those countries that rely on this technique to extract gas from the earth.  Earthquakes have already increased to a huge level in areas where fracking is done.
14. No figures were given, at least not during this portion of the presentation, showing that there hasn’t been an economic rise, even based on commodities.  Perhaps it was his reference to Africa being 3% of world trade and 5% of direct investment.  If raw diamonds and other resources are extracted from Africa at a very cheap rate, sold as raw resources at a much higher rate elsewhere in the world, and then changed to a value added product and sold for an even higher rate, therein is the problem.  
    
    Two things: 1) Assure the maximum price for the raw resource; 2) Leverage the increase in profits into factories for value added products from those raw resources.  The problem with most African leaders is a lack of courage to go to the maximum in doing what’s good for Africa.  For example, saying NO to GM seeds that would make their agricultural industry subservient to foreign GM seed corporations.  Also, no courage to leverage the most strategic raw resources that the continent has which are Chromium, Cobalt, Manganese, Platinum, Coltan, Oil, Gas, Coco Beans, and Coffee Beans.  Form a collective cartel with those products to ensure a proper price for those resources.
15. This has 83 views right now but when I'm done, it's going to have far more.
16. Most of those sitting in this meeting, whether conservative or liberal, cheered as NATO and Arab states decimated Libya.  Libya had one of, if not the best, economy in Africa prior to this colonialism type of military act against it.  Talk is cheap but actions are what we should look at. Today, the sweet crude is often stolen from Libya and production is only a fraction of what it once was.
17. • “Globalization is not neutral.”   This is correct.
    • “Asian countries have moved ahead, why?”
    • Other countries have suffered colonialism, so what’s our excuse?  
    
    It was the vestiges of the colonial experience that encouraged Nigerian, South African and Gabonese leaders to vote in favor of the decimation of Libya.  In other words, like their fathers, they betrayed other Africans, and Africans who were actively promoting one Africa.  A leader who paid $300+ million to China to put up an African telecommunications satellite that helped more than anything to make those cellphones in Africa practical.