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De Omnibus Dubitandum - Lux Veritas

Thursday, August 22, 2013

Africa: The Next Major Boom-Bust Cycle?

Mises Daily: Thursday, August 22, 2013 by Chris Becker
As Western economies start to regress in earnest following decades of failed and destructive monetary inflation and debt accumulation, yield-starved investors are allocating real capital to the one industrially untapped continent in the world: Africa. However, we’re not seeing industry moving to Africa to set up shop. Rather, politically-directed capital flowing into the African resources sector is fueling and financing the strongest consumer boom in the world. It’s a vendor financing model for Asia, and it portends a major boom and bust cycle for the African continental economy...... There has been little, if any, news of major international industrial companies moving into Africa to build factories for export. This is because the African business and regulatory environment is too challenging, and savings rates too low to enable a sophisticated division of labor to develop what could compete with Asia or the West. It is easier to take raw commodities out of Africa in exchange for final products, rather than to attempt to produce these products within……. The reality is that because this is not the direction Africa is moving in, Africa is embarking on another major boom/bust economic cycle....To Read More....
My Take – Interesting analysis, but the writer misses the point....as most seem to do.  Most of the world has no concept of capitalism or democracy as we know it.  It is not part of their cultural paradigm.  In the Muslim controlled countries democratic institutions are impossible because Islam requires all to obey those at the top, and we have to remember, the real violence is mostly going on in these countries because of two factors.  Tribalism and Muslim sectarianism; both tribal issues.  When you scratch the surface of those who took sides in Libya and Syria you find they are tribes fighting the dominant tribe....as they have always done.  These are medieval societies with modern trappings.  That will always destroy capitalism.
 In most African countries it is all about tribes.  It isn’t about capitalism versus socialism; it’s about tribal culture, even in South Africa.  Two things destroyed what was once upon a time one of the world’s stable economies....white South Africa.  The black South African leaders thinking had been molded by the socialists of the ANC, and now they are a third world country needing financial aid. 
Tribalism is a form of socialism just as Islam is a socialist concept in application.    Those at the top make all the rules and everyone else obeys.....or else!  Until all that changes....it doesn’t matter what outsiders do.  They will always be a mess, preventing solid investments from anyone - inside or outside of Africa.  As for those on the outside; they will merely take advantage of whatever opportunities arise and then walk away when those opportunities end,  leaving Africa will less than they started with; and it’s fault of African tribal culture.  And giving untold billions and crying a river of tears won’t change that!  In fact....it exacerbates the problem since those billions go into the pockets of corrupt petty dictators and their corrupt myrmidons.

More on South Africa.  I posted this on August 19, 2012

Genocide looms for white farmers
By Alex Newman

South Africa's black president sings killing songs as thousands massacred - The eyes of the world were on South Africa two decades ago as the apartheid era came to an end and Western governments helped bring the communist-backed African National Congress to power. Last month, however, when Genocide Watch chief Gregory Stanton declare that white South African farmers were facing a genocidal onslaught and that communist forces were taking over the nation, virtually nobody noticed. Few outside of South Africa paid attention either when, earlier this year, the president of South Africa began publicly singing songs advocating the murder of whites.

The silence is so deafening that Secretary of State Hillary Clinton didn’t even publicly mention the problems when she was there last week. Instead, she was busy dancing, pledging billions of dollars and praising the ruling government…… Tens of thousands of whites have been murdered throughout South Africa, too, according to estimates……

Disemboweled, drowned in boiling water - Many more victims have been savagely tortured, raped, disemboweled, drowned in boiling water or worse. The horrifying evidence is available for the world to see on countless sites throughout the Internet: pictures of brutalized dead women and children – even babies.

My Take - End Apartheid Now! Wasn't that the sign that Bill Cosby demanded the show’s producers put up on the set of The Cosby Show, insisting on the importance to black Americans, and that every black home would have one….or something of that nature; and the media blasted anyone who disagreed! Who knows, he might have been right, although I serviced a lot of apartments occupied by black folks in those days and I don’t remember seeing one. There may have been some, but the numbers would have been so small as to not make it a noticeable situation.

The problem with Americans is that we only see their world through binoculars in reverse and in irrational ways. We think that because we live the way we do that is the way everyone should live, and everyone should have the same privileges we have, and the results will be ‘little Americas' all over the world because we will all think alike and see the world in the same ways. And this goes to both sides of the philosophical spectrum. Bush’s drive to bring democracy to the Muslim world worked so well that the minute they had the right to vote they promptly voted in a radical Islamist groups who promptly work to take away their right to vote. Voting and individual rights is antithetical to the Muslim faith. What does the word Islam mean?

In Arabic usage Islam implies “absolute submission, surrender and obedience that is obeying the injunctions of the ruler without objection.”
No matter what anyone says to the contrary --we need to observer reality-- and that is what goes on in reality.

As for South Africa; they have the same problem that all of Africa has; corruption of leadership on a massive scale that is foundational to the African experience. In days before the European colonization of Africa, they were ruled by tyrannical kings. That is their social foundation. They have merely returned to that which is foundational to their societies.

America is unique in the world today and for that matter in all of world history. We really believe we won’t be told what to do, what to eat, what to wear, what we are taught or what we will believe. Why? Because for the first time in human history we were a society created from the bottom up. Demanding that black Africa be just like black America was irrational, because South Africa, much like the rest of the world, is a very complex society, without any national standard as to language, religion or societal structural philosophy.

In 1948, “National Party leaders argued that South Africa did not comprise a single nation, but was made up of four distinct racial groups: white, black, coloured, and Indian. These groups were split further into thirteen nations or racial federations. White people encompassed the English and Afrikaans language groups; the black populace was divided into ten such groups.”

If there was ever a good reason to abandon this insanity called ‘multiculturalism’ South Africa is a perfect example.

The French Revolution was such a failure for the very reason that the American Revolution as such a success. Minimal government with every man making his own decisions about life versus the French concept of central planning run by an elite, which promptly started murdering untold numbers that had done nothing to deserve having their heads cut off. There is a reason the current French government is the Fifth Republic and may be on the way to a Sixth. Central planning!

As for Africa….as bad as some things were under the colonial powers, it can be argued that it couldn’t have been as bad as it is now. No one in American…at least among normal people….likes the idea of anyone being declared officially inferior. It is antithetical to our very concept of existence. However, that is what goes on in much of the rest of the world all the time, especially in Africa. They do not view members of other tribes as equals. They view them as inferiors to be exploited. In the Muslim world the public is finally becoming aware that these leaders and their governments are nothing more than tribal societies with one tribe in charge. Many times made up of one of the sects of Islam, and consider the other sects, who may be members of other tribes, as infidels, and can subsequently exploited.

Where is the media and Hollywood now! Where are the protestors now? Where is the Federal government now? Where are the embargos now? Most importantly…..Where is Nelson Mandela and Bishop Desmond Tutu? Perhaps dancing with Hillary Clinton, who while in South Africa found time to dance but had no time to notice the atrocities against whites in South Africa.

Remembering that this was a country that abolished slavery in 1833 I would like to ask; did the white government of South Africa perform the atrocities that the black South African government is either perpetrating, promoting or allowing to happen now? If so….I don’t remember it on the news of them main stream media at the time; so I think we can assume it wasn’t normal or ongoing.

I will guarantee that you didn’t see these next two articles on the news and is a great follow up from what was just stated.. One of the reasons I want to post these is due to a recent conversation I had with a woman that claims the Founding Fathers were Deists. Although I think a claim can be made for at least one, but there were a lot of people who signed the Declaration of Independence and the Constitution, and they were undoubtedly Christians; and in point of fact one state’s Constitution made that a requirement in order to serve in the Congress.

We can argue unendingly the correctness of this, but the issue we are dealing with is this. Were the founding Fathers believers and did they subscribe to the idea that the only way this Republic could work was if America continued to be a nation of believers based on the Judaic/Christian principles that with extraordinary rights went an understood requirement for accepting extraordinary responsibilities. Multiculturalism is antithetical to Americanism. We really need to start seeing the world as it is and the consequences of adopting insane policies. Multiculturalism is based on the mistaken idea that all cultures are equal...only the PC crowd wants us to think that all cultures are equal except the American culture.

I have a question. If the American culture is so bad why are so many trying to get here...even illegally...and with the support of those who decry our culture! And if the American culture is so bad why is it Americans aren't flocking to get passports to live in every other country in the world?


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