In the first place, the wealth created by African labor and from African resources was grabbed by the capitalist countries of Europe and in the second place, restrictions were placed upon African capacity to make the maximum use of its economic potential - which is what development is all about.” In addition to all this, you have to take into account the fact that many African political leaders have for a long time been tools of the West and so haven’t acted in the best interests of their people. Throughout the period that Africa has participated in the capitalist economy, two factors have brought about underdevelopment. Trade has existed for several centuries colonial rule began in the late nineteenth century and has almost disappeared and the investment in the African economy has been increasing steadily in the present century. “The things which bring Africa into the capitalist market system are trade, colonial domination, and capitalist investment. It also takes the form of loans to African governments, which have to be repaid with interest. , on the other hand, as manifested for instance in Europeans’ ownership of land and mines (and banks, factories, etc.) in Africa, entails the outflow of revenue from Africa to the foreign owners, which forestalls African development.
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