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Africa’s Economic Growth Vs Europe And America: A Comparative Analysis.

The first question we should ask is “why are the Africans so much behind economically”? The answer is not far fetched, what the Africans understand more is consumption, they hardly understand the importance of creating and building wealth. The fundamental rule of developing one’s community is to keep your money within your racial group.

The Europeans and Americans build their businesses, hire their own people, buy their own products and spend more of their money investing in their country, there is nothing wrong with that, but it is a basic rule Africans cannot comprehend and follow.

Some Africans kill their fellow Africans daily instead of wanting them to succeed.93% of blacks killed in America are by other Africans, the story is not different in Africa.

Their leaders steal from their people and send the money back to their colonial masters from whom they borrow the same money from, they go on holidays abroad, buy houses abroad, they school their children abroad and go for medical treatments abroad, instead of spending his money In his own country to benefit his people.

Statistics have shown that the whites money, exchange hands 18 times before leaving their community, while for blacks, it is probably a maximum of zero or once. only 6% of African money go back into their community, that is why the Europeans and Americans are at the top and the Africans are at the bottom of every social ladder.

Instead of buying Louis Vuitton, Hermès, expensive cars, shoes and houses abroad, Africans could industrialize Africa, build banks and get rid of colonial institutions by putting them out of business.

Most well established African businesses fail after 150 years, this is because, to an indigenous African, nothing is ever his fault, his compulsive habit of killing his own to climb the economic ladder, compulsive material consumption, and his inability to build businesses contribute to the numerous reasons why most well established businesses in Africa crumble after 150 years.

Content created and supplied by: FrankChukwu (via Opera News )

Africa Africans America Europe And Europeans

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