The Blair Commission for Africa report “celebrated” a quadrupling of foreign investment in Africa from 2003 to 2008. But it also made an important point: the vote of confidence in Africa that foreign investment represents should not be mistaken for a sign that the lives of most ordinary Africans are getting better.
"...the lives of most Africans remain unaffected by Africa’s growing economic power. Many Africans’ incomes have not improved. Poverty remains widespread, the region’s share of international trade remains tiny, and climate change and the global economic crisis are threatening to undermine progress made."
Bono , U2's front man and self appointed spokes-man for Africa , founded fashion brand Edun with the mission of revitalizing clothing manufacturing in sub-Saharan Africa. African produced-products now account for only 15% of the company's sales. The vast majority of the fashion collection, accounting for about 70% of overall production, is now made in Asia, with the remainder coming from Peru. The new fashion collection will be feature shirts starting at around $60 and jackets topping out at about $800.
Commentary and analysis to persuade people to become socialist and to act for themselves, organizing democratically and without leaders, to bring about a world of common ownership and free access. We are solely concerned with building a movement of socialists for socialism. We are not reformists with a programme of policies to patch up capitalism.
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