Why Africa No Longer Needs the West

Описание: In this powerful explanation, economist Richard D. Wolff reveals one of the most important — yet least discussed — shifts in the global economy: the West no longer controls development financing.

For decades, if a small African country wanted to build railroads, ports, or infrastructure, it had only one option. Leaders were forced to travel to London, New York, or Paris, hoping Western banks and governments would approve loans — often with strict political and economic conditions attached.

That world is now over.

Today, countries have real alternatives. Instead of going west, they can go east — to Beijing or New Delhi. China and other emerging powers offer financing, infrastructure investment, and trade partnerships without the same level of political control historically imposed by Western institutions.

Wolff explains that this single change reshapes global power. When developing nations are no longer financially dependent on the West, Western leverage collapses. Sanctions weaken. Political pressure loses effectiveness. And the global system moves rapidly toward a multipolar order.

This is not ideology — it is infrastructure, finance, and choice. And once countries have a second option, the balance of power changes permanently.

Africa used to borrow from the West.
Now it goes east — and that changes everything.

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