WHY SOCIALISM FAILED IN AFRICA
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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.
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1 сен 2021