Part 6/15:
Similarly, he critiques multilateral aid, pointing out that much aid never leaves Western countries due to high administrative and operational costs, which divert resources away from actual projects in Africa. Instead, the aid becomes a stimulus for Western businesses, perpetuating a cycle where aid and debt serve Western economic interests rather than genuine development.
He further presents the idea that the debt system—where countries like Zimbabwe defaulted—traps African nations in a cycle of financial subjugation, often with external powers controlling crucial reserves and economic levers. Zimbabwe's hyperinflation and economic collapse highlight how reliance on the dollar and external sanctions can devastate an entire society.