Nevertheless, Liberia has been taken over by multinational corporations that are exploiting its resources at the expense of Liberians, especially the country’s working class that serves as cheap labour to these foreign companies. Liberia’s social system has produced the principal contradiction of the “dictatorship of the multinational corporations”—the wholesale plunder of the nation’s wealth and people by foreign multinational corporations that have their origins in colonial powers.
There are two mutually opposite aspects of the contradiction of the dictatorship of the multinationals. On the one hand, there is the exploiting class, which consists of the owners of the multinational corporations and their office allies in the state bureaucracy. On the other hand, the exploited classes, which consist of the workers, farmers and masses of poor people.
The multinational corporations, with their international capital are owners of Liberia’s properties of production. They acquired these instruments of production through the comprador bourgeoisie-multinational asymmetrical relations. In such a setup, the local middle class in Liberia formed a marriage with foreign capital not for the purpose of transforming the homeland, but to export and exploit the resources of our country in its most crude variety. Liberian society exploits the labour and resources of the country and exports the surplus values with little appropriated to changing the quality of the Liberian society in order to pave the way for the industrial production of goods and services. It is against this unequal relation to the means of production that the nature of the Liberian society has been characterised as underdeveloped, impoverished and backward.
The multinationals accumulate huge surplus value and in turn give crumbs to its local lackeys dubbed as a middle class who do not form part of the productive process, but are rather occupying positions in the various state apparatuses. The laws of the state are crafted around such a system, scholars refer to as neo-colonial capitalism.