Primitive Accumulation Crisis in the Modern African Capitalism

Abstract

This chapter investigates various problems that are linked with the development of modern capitalism, such as corruption, fraud, and bribery. It uses Marx’s idea that the initial development of capitalism is characterized by primitive accumulation, which is done through the displacement of people’s capital and labor using immoral practices such as stealing, bribery, and fraud. I argue that the modern interpretation of Marx’s idea where primitive accumulation is seen as a process inherent in the modern development of capitalism best suits the African condition. This is followed by a presentation of modern African experience on this matter with respect to politicians, bureaucrats, and civil servants. Lastly, the chapter explores primitive accumulation among the indigenous populations, non-governmental organizations, and other religious bodies. It is argued that primitive accumulation in its different forms is one of the main causes of suppression of individual freedom and potential of the masses toward the accumulation of wealth.