Don't blame colonialism for African poverty 

I lived in Africa, several different countries, for over a year. All one has to do is spend time there and they understand the real issue.

This is actually true. at independence Kenya was very much a capitalist country with a thriving agricultural sector. The economy was actually doing better than south korea. Then after the first president passed away in came a dictator and the state captured everything and ran it down for two decades and several more years. All the gains we made were eroded in 24 years of Moi rule, agriculture took a nose dive, state owned enterprises that were thriving under capitalist markets were stripped apart by corrupt officials. It was not until 2022 when we got rid of the dictator, we started seeing opening up of the free markets and almost like 3 years later we started seeing businesses coming back and banks lending to the private sector, due to deregulation and less government interference in the markets. Since then Kenya has tripled GDP and a lot of people have been taken out of poverty even though we still have a long way to go. More need to be done to make it easier to do business in Kenya.

Africa has a corruption problem. Good luck doing any business in the DRC without bribing someone. Basically applies to every other African country as well, in one form or another. Rule of Law and property rights are also shaky in most of the continent.

It's the arrogance for me. I'm Haitian, the world bank try to do a study on teachers absenteeism. They had a study in India so they assume it will be the same in a poor country like Haiti. The problem is they never talked to anyone on the ground. They spent 2million dollars!!!! But the results were not similar to India at all. My brother in law talked to my dad, who has been a professor for 50years in Haiti he explained the system in just two minutes and they understood how very different India system is compare to Haiti. Though property exist in both, that doesn't mean they are the same. They wasted two million because of arrogance.

Poverty, Inc was an incredible documentary. Very needed.

One of the best interviews about the african misery I have ever seen

Corruption is so pervasive. I hope she succeeds.

Wow, very eye-opening. Wishing Africa the reform it needs.

As an African (Nigerian) it is so refreshing to see a fellow African address the issue of poverty here objectively and accurately. We don't have poverty or development problems because of colonialism but largely because of government corruption, terrible socioeconomic policies (like socialism), poor institutions, and other factors like bad geography. During the independence period from the 50s till the 60s, many post-colonial African leaders made the terrible decisions of abandoning the economic, political and social models left by the Europeans here. They undid things like democratic rule, liberalism, capitalism, property rights, better education standards, and civic nationalism. This was done due to lingering resentment of colonialism and also the rabid indoctrination into leftwing ideology that many of these "leaders" got in higher education. This led to social unrest, economic disruption and loss of life due to corruption and political instability that still hinders Africa to this day. Examples are in Tanzania where Julius Nyere, an avid Marxist-Leninist, began his programs of African socialism (Ujamaa) with good intentions but they ultimately ruined the economy, caused massive poverty, and led to increased authoritarianism in Tanzania. The country only began improving once he stepped down and his policies were undone. Another example is in my own country where after our independence in 1960, we had a brutal civil war and military rule for several decades. Controlled economy replaced our capitalist model and we experienced massive unemployment, poverty, insecurity, increased debt etc. This was all ended once we returned to democratic rule in 99 and onwards. President Obasanjo and subsequent governments liberalized our economy and reformed it via privatization and this led to reducing our national and foreign debt, created many more jobs, and reduced inflation.

Magatte is spot on. Happy to see her here.

Blah blah blah blah blah......Africa has a poverty issue because you cannot take a continent that has been under colonial rule for 400 years and then expect it to function like industrialized nations when no one in the original country has been trained to do anything. Nelson Mandela understood that. When they wanted to throw all of the white people out he said that black Africans had not run a bank for 400 years, so how could they possibly now. This speaker is grossly ignorant of the wealth that France still takes from much of Africa. Giscard d'Estang, Mitterand, Sarkozy have all publicly said that France would be nothing without Africa. And we currently see how Macron refused to leave. So, she can apologize for white corruption and criminality if it makes her feel accepted, but history bears out the truth.

I don't live in Africa, I tried to watch this just for curiosities sake. She's definitely sounds like a winner, I hope she achieves her goals. It took me 3 days to watch this... she turned out to be a real character! And make a great point.

I love her passion.

Excellent perspective.

U cant really generalise an entire continent, there are many different factors that have contributed to africa current predicament. I say it s corruption,climate, geography, colonism and many others. You cant really point the finger at one reason only. For example, bostwana is rich but its neighbouring countries is poor. It was colonised as well too but ethiopia wasnt colonised and it is poor

There's so much of what Miss Wade has to say that makes sense, but here is where I have a problem... ​What I take issue with is Miss Wade trying to PLAY DOWN the devastating role colonialism played and still plays on the African continent. Miss Wade seems to be oblivious to the fact that Western governments have a vested interest in keeping Africa, still to this day the richest continent, in poverty. Just let that sink in for a second. The richest continent with the poorest most deprived people. In other words, the people who benefit most from African wealth do not live in Africa. THAT DOES NOT HAPPEN BY ACCIDENT!!!!!! France is not the only Western country profiting by interfering in African affairs. Miss Wade clearly knows this but somehow she still can't quite connect the dots (figure out what it means in real terms). So she runs around shouting from the rooftops that Africa is filled with nothing but a bunch of dummies, which is sad because that clearly is not her intention, but nonetheless, that is the impression that most people are left with. Why do I say this?... ... because It's an easy conclusion to come to if you already have a low opinion of African people, their history, and their culture.​ Think about it: For every person who knows the truth, that black Egyptians built the Sphinx and the pyramids etc, there are a hundred people who still believe the centuries of colonial whitewashing, that black Africa has never achieved anything of any historical significance. If you believe that then why wouldn't you believe that Black Africa is essentially full of dumb or simple-minded Black people? If nothing else that would at least explain how a continent can be so rich yet so poor. In short (Miss Wade), when the Western world wants (because it has become dependent upon) what you have got (and already has cheap and easy access to it), being more business-minded is only a small part of the problem you are going to have to solve if you want to give yourself any sort of chance of getting to grips with the real issue.

Read this: "Confessions of an Economic Hitman" by John Perkins.

I wonder if Tom's shoes could have been successfully helpful by simply designing their model differently. Instead of manufacturing shoes in the west to give to people in Africa, contract shoemakers in Africa to make shoes for the brand. Then you have a similar buy-one-give-one system, except now it is creating demand for African shoemakers instead of stealing that demand.

I am not familiar with her but I think it is interesting how she says the victim mentality/hippo people is the problem. But Admits western aid is a problem then goes on to talk about how Africans are taught about slavery etc and not Africa before these crimes. That teaching the aid is a direct result of the things she say the Hippo problem talks about. I agree people need to have agency and not be victims but apart of knowing where to go is knowing how you got here.

I said it before in another video where she shared her early life. This lady is awesome.

Been waiting for you guys to find Wade

How does this not have millions of views. Who knew there was so much communism and socialism in African countries??

She’s legendary

"We believe business is the greatest force for good." M.Wade ~1:16:45

I lived in Africa and now in Canada trust me black people mindsets are built differently.Africa is poor due to corruption , lack of problem resolution and civil wars ;population is corrupted

"Africa is (...) the poorest region in the region in the world because it happens to be the most overregulated" M.W. 59.22

teaching some how to fish will feed them for life. give them a fish they eat once

I'm with you sister! Blessings from across the pond via The Pearl 256 🇺🇬

Very unfortunate, that's because she's from a country that's still colonized by France as a collective West African countries... francophone Africa. The wealth still being plundered by France every year. Why can't she talk about that!!!

Don’t put down the CCP infrastructure. First it is built to standard, but your climate may be wetter and hotter, so harder on materials. Also, from what I hear, no one maintains the buildings and roads properly once they have been built, which is why they don’t last. In addition, there is likely skimming at all levels going on. Bribery in China is rife, but WELL REGULATED. Their bribery system SUPPORTS the efficient framework for achieving goals. Your bribery system is a series of hands scrabbling to steal at every step, unregulated and there is not enough to complete the projects using preferred materials. At every stage, you undermine yourselves, then point fingers. Why is it that you can’t seem to find anyone who will oversee your projects? Because that person will meet a violent end if they blow the whistle on the corruption. In China, when bribery becomes excessive, people are put to death or jailed for life.

Magatte raises many valid points... only to squash them by generally being clueless at best, ideology-blinded at worst. Shame, empowering voices are desperately needed in Africa if they're ever to become prosperous...

Exactly.

The reason for widespread poverty in Africa is because of near universal tribalism, and the fact that most African Cultures are barely above Stone-Age development, socially, politically, economically, morally, and technologically. Blaming "colonialism" for Africa's poverty is literally completely backwards. The ONLY nations in Africa that AREN'T completely destitute and poverty-stricken are the ones that saw MASSIVE influence--socially, politically, and technologically--from Europeans, like South Africa, Nigeria, and Ethiopia. It should also be noted that the WORST poverty in Africa is in nations that have adopted Marxist systems...

Dambisa Moyo's Dead Aid: Why aid is not working and how there is Another Way for Africa

This author has an excellent last name.

We need you in jamaica

I challenge anyone to find any sub-Saharan African country that has never been colonized ..that is better off today in any metric, than those colonized in the past.

No way to overcome 70 IQ on average 🎉

crypto is helping Africa? yeah ok what a load of BS, I wonder if she sells her book in crypto?

Don’t blame immigration for the changes in western values.

Reason is always exactly halfway to the truth

That's africa for sure

wow Welfare actually fuels the Warfare.

Big Reason fan here, but the title of this video makes it nearly unshareable to center-left friends who might be very open and surprised by Magatte's arguments. It ensures the video will preach almost exclusively to the choir.

People forget, Africans enslaved far more Europeans than vice versa. It just happened before the industrial revolution (the barbary pirates etc.) Fx. African pirates took most of the people in Vestmannaeyjar in iceland in 1625. Only 1 century later, europe terrorized Africa. And that happened through capitalism/ free trade

Poor bc Africans

how about exploiting of natural resources by foreign companies (East or West) where locals don't benefit?

colonialism is what built the institutions that keep africa poor. but you didn't mentioned it since it is a product of capitalism.

She literally argues against herself Western degrowth Monopoly capitalism is holding Africa down and she doesn't want them to stop?😂

She is so wrong and confused it's laughable.

From listening to Magatte a quote by Prof.John Hendrik Clark comes to mind " if you do not understand white supremacy, you do not understand much else" this is the most appropriate response to your book and to Magatte Wade

No, I will.

If you've heard Ronald Reagan you don't need to listen to this

The problem is forcing developing nations to compete with fully developed ones through "free trade"

Factually wrong

If you're educated by the enemy, this is the fruit.

Feel sorry for my African peoples 💰