Sokari has been covering the G20, and writes:
It is ironic when you think of the lack of African representation considering the West’s dependency on Africa and not the other way around. This has been from slavery through colonialism to the present. Resources such as oil, copper, gold, silver, chromium, coffee, cocoa and more recently cash crops for feeding the West. Unfair trade policies, low commodity prices, failure to adequately tax companies operating in Africa and the complicity of Western governments and banking institutions in providing tax havens for money stolen by African politicians. If aid is not in itself a business would it not be preferable for example to pay fair prices for Africa’s resources?
Asked if anything positive will come out of this Summit – Not if one is thinking in terms of a major shift in policy towards Africa and Africans taking the initiative to come up with new strategies for development as I mentioned in my previous post. But I do agree with Bob one possible positive outcome may come from changes in Tax Haven laws whereby monies stolen by corrupt politicians is returned to the countries and access to tax havens is shut down.
Daudi is at the G20 too, and writes:
Relying on our current political leaders to draw up and implement a strategy to make Africa relevant in a positive way is a non starter. Indeed those who have succeed in making African relevant to international policy making have done so for increasing negative reasons, for example Mugabe in Zimbabwe and Bashir in Sudan. Ethan Zuckerman labelled the position taken by such political leaders as a strategy of, “If we act deranged enough, maybe they’ll just give us the country.”
The burden rests on us, the ordinary citizens of Africa, to come up with a strategy that will increase our positive relevance to important global conversations and thus make it impossible to ignore Africa, Africans and the issues they feel important. I would love to hear your thoughts on what this strategy should adopt.
Also Michael Hudson points out something entirely missing in the US press when discussing the G20, or the US or global economy, in Financing the Empire:
The U.S. media are silent about the most important topic policy makers are discussing here (and I suspect in Asia too): how to protect their countries from three inter-related dynamics:
(1) the surplus dollars pouring into the rest of the world for yet further financial speculation and corporate takeovers;
(2) the fact that central banks are obliged to recycle these dollar inflows to buy U.S. Treasury bonds to finance the federal U.S. budget deficit; and most important (but most suppressed in the U.S. media,
(3) the military character of the U.S. payments deficit and the domestic federal budget deficit.
Strange as it may seem – and irrational as it would be in a more logical system of world diplomacy – the “dollar glut” is what finances America’s global military build-up. It forces foreign central banks to bear the costs of America’s expanding military empire – effective “taxation without representation.” Keeping international reserves in “dollars” means recycling their dollar inflows to buy U.S. Treasury bills – U.S. government debt issued largely to finance the military.
To date, countries have been as powerless to defend themselves against the fact that this compulsory financing of U.S. military spending is built into the global financial system. Neoliberal economists applaud this as “equilibrium,” as if it is part of economic nature and “free markets” rather than bare-knuckle diplomacy wielded with increasing aggressiveness by U.S. officials. …
… The U.S. media somehow neglect to mention that the U.S. government is spending hundreds of billions of dollars abroad – not only in the Near East for direct combat, but to build enormous military bases to encircle the rest of the world, to install radar systems, guided missile systems and other forms of military coercion, including the “color revolutions” that have been funded – and are still being funded – all around the former Soviet Union.
Pallets of shrink-wrapped $100 bills adding up to tens of millions of the dollars at a time have become familiar “visuals” on some TV broadcasts, but the link is not made with U.S. military and diplomatic spending and foreign central-bank dollar holdings, which are reported simply as “wonderful faith in the U.S. economic recovery” and presumably the “monetary magic” being worked by Wall Street’s Tim Geithner at Treasury and Helicopter Ben Bernanke at the Federal Reserve.
So the ultimate question turns out to be what countries can do to counter this financial attack.
AFRICOM, the US Africa Command, is the newest feature of this global military aggression, and expansion of military spending. There is a lot here to ponder, for Americans, if they ever hear about it, and for everyone else in the world.