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Indigenisation, Africanisation, BEE and globalisation
Murove, Munyaradzi Felix
Murove, Munyaradzi Felix
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Abstract
The idea that Capitalism and all its economic assumptions is the only viable economic system available for everybody in the world is an idea that has become generally accepted all over postcolonial Africa regardless of ideological outlook. During the cold war, the main debate for many of the newly independent African states was on whether capitalism or socialism was compatible with African traditional values. This debate was also motivated by the need to domesticate capitalism as a pre‐requisite for economic development and socio‐economic transformation within a post‐colonial African society. With the end of socialism and the triumph of neo‐liberal capitalism all over the world, the idea of the domestication of capitalism in post‐colonial Africa as an indispensable mechanism for economic growth and socio‐economic and political transformation has given rise to idea that Africa can only realize its economic potential within global capitalism through economic policies such as indigenization, Africanisation and Black Economic Empowerment. Amidst the hegemonising power of global or international capitalism, these economic polices are seen as having the potential to bring out a unique African capitalism with its own identity that cannot be subsumed under global capitalism. I should like to anticipate the main concern of this paper by saying that post‐colonial African economic policies such as indigenization, Africanisation and Black Economic Empowerment do only create a class of Africans who will be very much in solidarity with global capitalism than the economic needs of the majority of the African citizenry. This claim will be supported by the argument that we don’t have evidence all over post‐colonial Africa where these policies have resulted in the unsuccessful domestication of capitalism.
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2008
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With permission of the license/copyright holder