"The brutal rejection of capitalism in favor of socialism by African politicians at independence was largely due to a deep-seated misconception that equates capitalism to colonialism. In fact, according to Lenin, capitalism was the extension of colonialism and imperialism. For this reason, African leaders at the time of independence didn't want anything to do with capitalism. Nkrumah said, for example, “We need socialism to fight off the imperialists.” Nyere said: “Capitalism…
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