The Wonders of the Free Market in the Global South: Nigeria is a Failing Capitalist State
Nigeria is a classic case against the implementation of capitalism in the Global South. Nigeria is rich in both agricultural resources and oil. Yet its population lives on $1.90 per day. The unemployment rate is 33% and many of those employed are living a precarious life in the “informal” economy. Nigeria is near the bottom of the world in the Global Fragile Index and the Global Peace Index. Just as here in Mordor, the ruling classes do not pay taxes.
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About The Author
Bruce
Bruce Lerro has taught for 25 years as an adjunct college professor of psychology at Golden Gate University, Dominican University and Diablo Valley College. He has applied a Vygotskian socio-historical perspective to his four books: From Earth-Spirits to Sky-Gods: the Socio-ecological Origins of Monotheism, Individualism and Hyper-Abstract Reasoning Power in Eden: The Emergence of Gender Hierarchies in the Ancient World Co-Authored with Christopher Chase-Dunn Social Change: Globalization from the Stone Age to the Present and Lucifer's Labyrinth: Individualism, Hyper-Abstract Thinking and the Process of Becoming Civilized He is also a representational artist specializing in pen-and-ink drawings. Bruce is a libertarian communist and lives in Olympia WA.