https://youtu.be/SH63RABGK6w
INTRO: Dr. Jordan B Peterson and Magatte Wade discuss how economic freedom dictates the success potential of countries, and how Africa’s fixation on colonialism being the cause of their modern day struggles, rather than bureaucratic red tape, is what’s locking the continent into abject poverty.
Magatte Wade is an entrepreneur for change, having focused her efforts first on raising awareness and capital with her lip balm company, Skin is Skin. She would then become a TED Global Africa Fellow, giving lectures with the aim of changing the course of Africa’s history, and giving the rich continent a brighter future based on the free market.
EXCERPTS (Magatte Wade): Singapore figured that out. They went on to put in the right reforms, to make their environment some of the most business friendly environments in the world. One of the most free markets environment in the world. And you saw the magic of Singapore -- today Singapore is richer than its ex-colonizer Great Britain.
So when I hear people telling me today: 'oh Africa is poor because of colonization', I'm like please, let's move on from that. I know it's not the cause, because if it were, many countless countries have been colonized before. And by the way, colonizing one another is humanity's history. It just happened that maybe Africa has been one of the last.
[...] Hong Kong happened. China is like, wait a minute what went on over there, and then China went on to do the exact same thing with its special economic zones, some of the most free market zones in the world.
We're [China] going to do the free market, we're going to be capitalist because that's the only way. We tried everything else, we killed hundreds of millions of people, and we have nothing to show for it. But now that we're tired of being disrespected members of society...
[...] If you want to be respected in this world you're going to have to be among the prosperous ones. China got tired of being disrespected. Hollywood -- who tries to tell the world how to think, is being told by China what movies to make, and how to tweak stories and history in order to be palatable for them. You see the power that comes with being prosperous.
[...] Many of the successful Indian graduates of IAT started to dump money back into India and build a capitalist infrastructure there ... so this sort of thing can really take hold. If you were making recommendations to governments who wanted to get on board and stop being like Chad, Haiti, African Republic Congo, South Sudan, Libya, Yemen and Venezuela, etc... What concrete steps should they take from the bottom up to get the hell out of the way?