Magatte and Liv, greetings to both of you. This is a very important issue pertaining to Africa you are discussing. Actually, the "regulatory system" is not the reason why Africa is "lagging behind" the rest of the continents, but rather one of the consequences. Regulations, the laws, policies and so on are made and implemented by the government on behalf of the governed. When the people in government fail, the entire country cannot make any progress at all. That is what is impeding progress on the African continent. The lack of good leadership or precisely GOOD GOVERNANCE pervasive throughout the entire African continent, is the most intractable problem we are facing, an impediment and a detriment to our progress in Africa since independence. It is a broad term of 8 principles, as enunciated by the United Nations, the topmost of which is the ACCOUNTABILITY to the governed and sadly the least understood by our so-called African leadership. Today, there is not a single African country lacking the means (brains, work ethic, and so on) and the resources (both human and otherwise) to prosper. Individuals and their families may become wealthy, as indeed many Africans have done since independence. Nevertheless, it takes organisation, planning and so on to uplift millions of people in any country. That is where GOOD GOVERNANCE comes in. Hence, what you see on the African continent are the consequences of the lack of GOOD GOVERNANCE. The means and the resources at our disposal in Africa will not amount to anything, until we have achieved GOOD GOVERNANCE. Therefore, the African countries are not yet rich nor are they poor at all. They are simply badly governed low-income countries.
@@ireneuszpyc6684 Well, that is what I mean by the failure in leadership or precisely the lack of GOOD GOVERNANCE. When everything else fails, military rule is only a last resort, which happens after the leadership has collapsed. In the end the military in those countries will realise that there is more to leadership than giving orders to both soldiers and civilians. It is just a matter of time before the military gives way to civilian rule.
There is a classic graph illustrating the difference in growth of retirement savings if you start saving at 20 vs 30. The longer it takes to free Africa's productive economic potential, the further it falls behind exponentially. It's interesting that for Africans, Western products (eg Coca Cola) are seen as status symbols, meanwhile for many Americans, it seems that there is a growing discontentment with the spiritual emptiness of mass production, and a deep longing for authenticity and meaning, as embodied in the Hibiscus drink. Another excellent guest and episode. Can't wait for the next one!
Retirement savings aren't comparable to GDPs. Growth rates can appear exponential at first, but might start slowing over time and flatten out into a [logistic curve](en.wikipedia.org/wiki/Logistic_function) The fastest growing economies in the world are developing ones. "Developed" economies have already fulfilled the low hanging, high bang-for-the-buck growth opportunities. They're making more meagre (1-3%) gains by working on the long tail of less-lucrative opportunities. The developing economies also get to skip steps, e.g. go from cash directly to mobile payments, skipping the detour through checks, swipe cards, chip cards to tap cards. This helps catch up on many fronts; they just don't need to pay the same R&D costs that the trail-blazers needed to. IDK if they'll ever fully catch up, but I'm quite confident the developed world won't just pull out ever-further ahead, riding on an infinite exponential (which has already slowed over the past century).
I must have misunderstood 😕 Here is what I understood. 1. Africas countries where happy to be free from colonisation 2. The countries had a aversion against things that related to "the west", including capitalism, thus opting for socialism 3. Laws today make it super hard for start ups in those countries 4. Without businesses, there is no money 5. Without money, foreign exploitation was the source of money 6. In order to turn the tides, laws for businesses must be changed Did I get the gist of it, or at least the major part of it correctly?
No its because they are of african decent and cannot do anything without the direction of the white man which they resent in western countries. The afr😅cans greatest gift is the ability to latch on ti the white man. Thats why they would rather be in a white country they their own with their own people. Its the truth they can not be spoken. Bit its the truth.
Thank you so much for this. I'm African and Magatte opened my eyes to the nature of things here and Liv exposed me to the idea of Moloch and Scott Alexander's blog and how systems work. You have both changed my life in ways i cannot describe. Thank you.
My opinion: “Changing the rule of the game is not enough. However, changing the way we, - as human beings, “view the world through a distorting lens and make choices based on what the lens allows us to see, not to what lies outside its frame”(James Hollis:2018) should be the starting point.
love this so much...! really excited by the way she talks about functional incentive structures with kritarchy, common law, etc. Super exciting, thank you! :)
I'm gonna be honest i need to watch the whole podcast, but just by listening some of her arguments you can see how wrong she is. After all the plunder that capitalism has done throughout the centuries, the exploitation, wars and debts traps created by western countries that continue to exist to this day, this conversation of overcentralised systems and lack of entrepreneur is baffling. Maybe she should explain Haiti, Lybia or Somalia all failed states. Meanwhile, western countries that maintain this exploitation and dependency blame China for constructing infraestructure in many nations, like Ethiopia. What is this? The history of capitalism is liberalism for the periphery, protectionism for me, just look at the history of USA, UK, Germany and South Korea, for instance.
When people start throwing stats as facts it makes it quite difficult to keep taking the podcast seriously as it dissiminates misinformation. There are some facts in both their arguments but in no way shape or form it takes 3.5 years to constitute a company in Angola.
I agree with some of the things she is saying but totally disagree with her narrative that simplifies a number of issues into over-regulation, corruption and incompetence as the only culprits behind Africa's stunted growth. Colonization, neocolonialism and intrinsic issues like corruption, incompetence, divisions and other issues contribute towards our position as Africa.
Magatte has persuaded me that unleashing African entrepreneurs will be essential for development but I can't accept her view that colonial capitalism is not the primary reason for Africa's current poverty. I spent a decade in rural Kenya; president Kenyatta was certainly not a socialist - he publicly shamed politicians who failed to pursue business opportunities. This did not produce more prosperity than (socialist?) Ghana, instead multinational corporations like Del Monte, Nestle and BAT sucked wealth from the country while sabotaging public health and corrupting officials.
May have good intentions but if someone hasn't been able to figure out the true cause of the world's current upheaval (absolute corruption at all levels), it's hard to give credence and validity to pie in the sky solutions.
Me curé de la introducción de hsv 1/2 y la respuesta del Dr Ojeabu cuando vi las recomendaciones. Orgulloso de ser afroamericano😍,.,.,.,..,,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,....
Very true💯 I will never support or watch these type of podcasts. I just clicked to comment but I am sure they were regurgitating stale talking points without addressing real reasons for why Africa is poor - the west is the puppet master/current slave masters and African leaders are the overseers who are more than eager to do massers bidding at the expense of Africans. The game is rigged and all this talk and fake solutions are a waste of time
The enemy already knows what she is speaking about. She can speak all she wants. Trying to implement a fix for the problem is where the enemy will step in to make sure the solution won't take place.
C'mon. You're better than pushing this propaganda. Sure freedom is necessary for people to thrive, but ignoring economic hitmen and economic war and extraction that has been done to Africa for centuries, and is still being done now is very wrong. Victim blaming is very low.
In humans, the negative mind always reacts first to incoming data. If we are to be better than the unconscious majority, we have a responsibility to ensure that our responses are constructive rather than destructive. Conscious destruction is still important. But that is a active phenomenon And Unnecessary to fixate on. No information dump is perfect. The importance thing is that the conversation happened, and now we are talking. Win-win podcast
The most closed economies are the poorest. I’d accept your argument if Africa was very open but still poor. However it is fair to say they aren’t helping themselves economically at all.
Why do you all think Africa is oppressive to initiative and enterprise? It is precisely because oppressive regimes have been put in place by international business interests. It is the same strategy used everywhere: take control over resources and keep anyone else from lifting their head up
Magatte and Liv, greetings to both of you. This is a very important issue pertaining to Africa you are discussing. Actually, the "regulatory system" is not the reason why Africa is "lagging behind" the rest of the continents, but rather one of the consequences. Regulations, the laws, policies and so on are made and implemented by the government on behalf of the governed. When the people in government fail, the entire country cannot make any progress at all. That is what is impeding progress on the African continent.
The lack of good leadership or precisely GOOD GOVERNANCE pervasive throughout the entire African continent, is the most intractable problem we are facing, an impediment and a detriment to our progress in Africa since independence. It is a broad term of 8 principles, as enunciated by the United Nations, the topmost of which is the ACCOUNTABILITY to the governed and sadly the least understood by our so-called African leadership.
Today, there is not a single African country lacking the means (brains, work ethic, and so on) and the resources (both human and otherwise) to prosper. Individuals and their families may become wealthy, as indeed many Africans have done since independence. Nevertheless, it takes organisation, planning and so on to uplift millions of people in any country. That is where GOOD GOVERNANCE comes in.
Hence, what you see on the African continent are the consequences of the lack of GOOD GOVERNANCE. The means and the resources at our disposal in Africa will not amount to anything, until we have achieved GOOD GOVERNANCE. Therefore, the African countries are not yet rich nor are they poor at all. They are simply badly governed low-income countries.
half of West Africa is ruled by military juntas - how to fix that?
@@ireneuszpyc6684 Well, that is what I mean by the failure in leadership or precisely the lack of GOOD GOVERNANCE. When everything else fails, military rule is only a last resort, which happens after the leadership has collapsed. In the end the military in those countries will realise that there is more to leadership than giving orders to both soldiers and civilians. It is just a matter of time before the military gives way to civilian rule.
There is a classic graph illustrating the difference in growth of retirement savings if you start saving at 20 vs 30. The longer it takes to free Africa's productive economic potential, the further it falls behind exponentially.
It's interesting that for Africans, Western products (eg Coca Cola) are seen as status symbols, meanwhile for many Americans, it seems that there is a growing discontentment with the spiritual emptiness of mass production, and a deep longing for authenticity and meaning, as embodied in the Hibiscus drink.
Another excellent guest and episode. Can't wait for the next one!
Retirement savings aren't comparable to GDPs. Growth rates can appear exponential at first, but might start slowing over time and flatten out into a [logistic curve](en.wikipedia.org/wiki/Logistic_function)
The fastest growing economies in the world are developing ones. "Developed" economies have already fulfilled the low hanging, high bang-for-the-buck growth opportunities. They're making more meagre (1-3%) gains by working on the long tail of less-lucrative opportunities.
The developing economies also get to skip steps, e.g. go from cash directly to mobile payments, skipping the detour through checks, swipe cards, chip cards to tap cards. This helps catch up on many fronts; they just don't need to pay the same R&D costs that the trail-blazers needed to.
IDK if they'll ever fully catch up, but I'm quite confident the developed world won't just pull out ever-further ahead, riding on an infinite exponential (which has already slowed over the past century).
Brillante! Many issues like these also apply to Latin America and the solutions as well, I think. T'was great to listen.
Magatte is such a great inspiration and a force for transformation. I love the idea of startup cities as well.
I must have misunderstood 😕
Here is what I understood.
1. Africas countries where happy to be free from colonisation
2. The countries had a aversion against things that related to "the west", including capitalism, thus opting for socialism
3. Laws today make it super hard for start ups in those countries
4. Without businesses, there is no money
5. Without money, foreign exploitation was the source of money
6. In order to turn the tides, laws for businesses must be changed
Did I get the gist of it, or at least the major part of it correctly?
yes, you heard right
No its because they are of african decent and cannot do anything without the direction of the white man which they resent in western countries. The afr😅cans greatest gift is the ability to latch on ti the white man. Thats why they would rather be in a white country they their own with their own people. Its the truth they can not be spoken. Bit its the truth.
Thank you so much for this. I'm African and Magatte opened my eyes to the nature of things here and Liv exposed me to the idea of Moloch and Scott Alexander's blog and how systems work. You have both changed my life in ways i cannot describe. Thank you.
Aw thank you that makes me so happy to hear!
Liv is everything I want my daughter to be 🤞🏽
haha thank you
@@LivBoereeHave you stopped playing Poker tournament.....Liv
Magatte what a amazing woman, grounded & smart great interview Liv
This was a really interesting discussion, but Magatte's affiliations should have been disclosed earlier in the talk.
Underrated podcast
this video is mostly spin
My opinion:
“Changing the rule of the game is not enough. However, changing the way we, - as human beings, “view the world through a distorting lens and make choices based on what the lens allows us to see, not to what lies outside its frame”(James Hollis:2018) should be the starting point.
love this so much...! really excited by the way she talks about functional incentive structures with kritarchy, common law, etc. Super exciting, thank you! :)
I'm gonna be honest i need to watch the whole podcast, but just by listening some of her arguments you can see how wrong she is. After all the plunder that capitalism has done throughout the centuries, the exploitation, wars and debts traps created by western countries that continue to exist to this day, this conversation of overcentralised systems and lack of entrepreneur is baffling. Maybe she should explain Haiti, Lybia or Somalia all failed states. Meanwhile, western countries that maintain this exploitation and dependency blame China for constructing infraestructure in many nations, like Ethiopia. What is this? The history of capitalism is liberalism for the periphery, protectionism for me, just look at the history of USA, UK, Germany and South Korea, for instance.
Note to self : Don't kill what you hate! Build what you love!
When people start throwing stats as facts it makes it quite difficult to keep taking the podcast seriously as it dissiminates misinformation. There are some facts in both their arguments but in no way shape or form it takes 3.5 years to constitute a company in Angola.
Another great interview, thanks. By the way, how about another round with Daniel Schmachtenberger?
I agree with some of the things she is saying but totally disagree with her narrative that simplifies a number of issues into over-regulation, corruption and incompetence as the only culprits behind Africa's stunted growth. Colonization, neocolonialism and intrinsic issues like corruption, incompetence, divisions and other issues contribute towards our position as Africa.
Magatte has persuaded me that unleashing African entrepreneurs will be essential for development but I can't accept her view that colonial capitalism is not the primary reason for Africa's current poverty. I spent a decade in rural Kenya; president Kenyatta was certainly not a socialist - he publicly shamed politicians who failed to pursue business opportunities. This did not produce more prosperity than (socialist?) Ghana, instead multinational corporations like Del Monte, Nestle and BAT sucked wealth from the country while sabotaging public health and corrupting officials.
Ghana was never socialist: Ghana used to borrow money, from the West, to build industries
Am Kenyan...you expected a change because a president nowhere near Singapore's Lee came to power...
I think the Star Wars idea comes from Ep8. Rose Tico says it.
Beautiful frustrated minds, release theee!
❤
Not just enterpreneur any human to survive in Africa is tough my sweet lady 😅 !
the things this Kenyan does to hear this woman.
In South Africa, Ubuntu is I am Courrpt because you are Courrpt.
The brutal reality is that the people of sub-saharan Africa have never been able to build and sustain complex civilization that has lasted. Ever.
A psycho child got blood from psycho parents ......we say in Africa a baby snake is still a snake
May have good intentions but if someone hasn't been able to figure out the true cause of the world's current upheaval (absolute corruption at all levels), it's hard to give credence and validity to pie in the sky solutions.
Me curé de la introducción de hsv 1/2 y la respuesta del Dr Ojeabu cuando vi las recomendaciones. Orgulloso de ser afroamericano😍,.,.,.,..,,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,....
Don't demind france stealing from sahel , why now mali is fastest growing economy after expelled france from that country.
I wanna tell our people to stop going to this podcast.....no need to explain things to your enemy
Very true💯 I will never support or watch these type of podcasts. I just clicked to comment but I am sure they were regurgitating stale talking points without addressing real reasons for why Africa is poor - the west is the puppet master/current slave masters and African leaders are the overseers who are more than eager to do massers bidding at the expense of Africans. The game is rigged and all this talk and fake solutions are a waste of time
The enemy already knows what she is speaking about. She can speak all she wants. Trying to implement a fix for the problem is where the enemy will step in to make sure the solution won't take place.
C'mon. You're better than pushing this propaganda. Sure freedom is necessary for people to thrive, but ignoring economic hitmen and economic war and extraction that has been done to Africa for centuries, and is still being done now is very wrong. Victim blaming is very low.
In humans, the negative mind always reacts first to incoming data.
If we are to be better than the unconscious majority, we have a responsibility to ensure that our responses are constructive rather than destructive.
Conscious destruction is still important. But that is a active phenomenon And Unnecessary to fixate on.
No information dump is perfect. The importance thing is that the conversation happened, and now we are talking.
Win-win podcast
The most closed economies are the poorest. I’d accept your argument if Africa was very open but still poor. However it is fair to say they aren’t helping themselves economically at all.
Look at sub saharan Africa pre contact with Europe. Tell me what they were doing in 1000AD, 0BC, 1000BC, etc.
I don't see the victim blaming in her argument. Unless you mean victims of their bureaucracy and governments.
Why do you all think Africa is oppressive to initiative and enterprise? It is precisely because oppressive regimes have been put in place by international business interests. It is the same strategy used everywhere: take control over resources and keep anyone else from lifting their head up