Рет қаралды 245,112
WHY SOCIALISM FAILED IN AFRICA
Support the Channel:
Be a member of this channel, support me and earn benefits:
bit.ly/AfroMember
I opened a Patreon account. If you want to support my videos, click here: bit.ly/Patreon Member
Africa's nationalist leaders rejected capitalism and embraced socialism in the 1960s one of the defining periods in modern African history. Many of them rejected capitalism and embraced socialism a philosophy that placed responsibility for people's economic well-being on them. government shoulders in opposition to individuals and private companies.
However, foreign companies were nationalized, a number of state-owned enterprises were established and a plethora of state controls, but nowhere in Africa did the socialist experiment succeed. In fact it was a fiasco in several countries, including Angola (under Santos), Benin (under Kerekou), Ethiopia (under Mengistu), Ghana (under Nkrumah), Guinea (under Sékou Touré), Mali (under Keita), Tanzania ( under Nyerere), among others.
sign up
Share
Page Instagram: / eu.afro
Personal Instagram: / rui_.junior