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Capitalism may challenge the poor, but it gives them hope
Throughout human history, the road out of poverty has been built not by aid from developed states but by economic growth, and yet in Africa there is a prevailing logic that the rich have a responsibility to lift the poor.
Post-colonial Africa has largely emerged from the womb of a race-based capitalist construction to make capitalism a contested ideology for nation building.
In evaluating whether capitalism is good for Africa to the extent that poverty and Africa seem to be great friends, therefore, the question to be answered is whether the institutions that characterise capitalist economies are effective in promoting economic growth.
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