Economic Sectors – Not Complementary

Economic Sectors – Not Complementary

No agreement today, no agreement tomorrow – Fela Kuti

Capable societies are those that have enforceable institutions of public value, while incapable societies lack them at national and local levels. Such nations are mainly in the Global North. It is easy to identify nations in the Global South as incapable of such enforcement. Public value can be economic or social. Accordingly, incapable societies cannot create public value by themselves. They can only extract it and thus live on dependency. If they have mineral riches, they become rentier states. Otherwise, they stand as highly indebted nations ever seeking technical help. Surviving on begging bowl economics. (more…)

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Nigeria is Designed to Be an Enduring Failure

Nigeria is Designed to Be an Enduring Failure

Nigeria’s failing as a nation is not the work of God. Nigerian political economist Claude Ake, with conviction, said there was never any design for Nigeria or Africa to be successful as modern societies. Not in economic or political sense. So many scoffed at him. Yet, he was not just right; he was visionary. Colonial powers are not that generous. Nigeria’s design was to fail. And some of its intellectual and political elites, more than anyone else, have been at the forefront of negotiating and perpetuating this unstoppable failure. The Nigerian intellectual elite love the chains of failure. For they guarantee their society’s failure as they ever profit big with ease from it. (more…)

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