Extracting Profit

Extracting Profit

Extracting Profit - Imperialism, Neoliberalism and the New Scramble for Africa (Paperback)

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Extracting Profit argues that the roots of today's social and economic conditions lie in the historical legacies of colonialism and the imposition of so-called 'reforms' by global financial institutions. The chokehold of debt and austerity of the late twentieth century paved the way for severe assaults on African working classes through neoliberal privatisation. And while the scramble for Africa's resources has heightened the pace of ecological devastation, examples from Somalia and the West African Ebola outbreak reveal a frightening surge of militarisation on the part of China and the U.S.