Quote:
Originally Posted by Valhalla
IF your piece of land in Africa had oil or diamonds, you would not be able to do anything about it. Unless you are some way implying that the African with oil or diamonds in his 1 acre plot can mine himself into financial glory. Impossible! Someone will buy the dude out and it will not be at a "reasonable" price when compared with potential profits.
So, the idea of calling such an African stupid misses lots of important factors. You agree?
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In the ‘developed’ world, people
own property, they carry with them
property deeds that certify that they have the
legal right to the property in question (Be it real or virtual), they also own
copyright and
intellectual property rights. These are virtually inexistent in most
Sub Sahara African States because of huge government inadequacies; and where they do exist is own by the Western elect, selected and corrupt government protégés. This is why I’m skeptical about HUH?’s idea of sudden African capitalism.
Except you mean that a Westerner who has discovered diamonds in his backyard will simply scoop it out, polish and carry in a bucket to the nearby market place ‘and mine himself into financial glory’