Neo-Colonialism the Last Stage of Imperialism by Kwame Nkrumah
When Kwame Nkrumah published this book in 1965, it was banned in the United States. A year after, on February 24, 1966, he was overthrown in a coup d’tat, which according to declassified files or documents, was sponsored by the Central Intelligence Agency of the United States. During this period several African nationalists were assassinated. And the UN’s attitude, especially in the Lumumba case, is there for all to see. Thus, even then, the UN has only worked to help a handful of countries and individuals.
Neo-Colonialism, the Last Stage of Imperialism is a step by step guide to unveiling, exposing, denuding, the factors, individuals, countries, and corporations working against Africa’s development and unity. From chapters such as Africa’s Resources, Obstacles to Economic Progress, Imperialist Finance, Monopoly Capitalism and the American Dollar, The Truth Behind the Headlines, The Oppenheimer Empire, The Diamond Groups, Mining Interests in Central Africa, Union Miniere du Haut Katanga, Economic Pressures in the Congo Republic, The Mechanisms of Neo-Colonialism, among others, Nkrumah sought to make the world know the kind of forces we are facing as Africans (and non-Africans) on the path towards development (and the people that rule our world).
Corporations, which stole Africa’s resources from the beginning by making chiefs sign papers they know very well they cannot read and in most cases papers which talk of a different contract only to turn out that these chiefs have signed off their resources, have come to control Africa’s extractive industries, or broadly, Africa’s primary resources and have enriched themselves - creating empires - through colonisation. These corporations, even after independence, had done everything necessary to keep the status quo. Through vertical and horizontal integrations they have formed monopolies that control the production of the raw materials, its transport outside the country, its transformation or value addition, its price on the international market and the manufacture of the finished products. In effect, they control the demand and supply of products. And consequently, prices.
Kwame Nkrumah, Ghana’s first president, did a diligent job with this book in unmasking the demons against Africa’s development and unity with hard facts. Appropriately, the book opens with ‘Africa’s Resources’, where the author shows the volume of Africa’s raw materials and those who control it. The chapter opens with the paradox that even though the continent is rich its resources go to enrich, mainly, non-Africans.
'Africa is a paradox which illustrates and highlights neo-colonialism. Her earth is rich, yet the products that come from above and below her soil continue to enrich, not Africans predominantly, but groups of and individuals who operate to Africa's impoverishment. (Chapter 1, Page 1)',