This is the book which, when first published in 1965, caused such an uproar in the US State Department that a sharp note of protest was sent to Kwame Nkrumah, and the $25Million of American “aid” to Ghana was promptly cancelled. It exposes the working of international monopoly capitalism in Africa and shows how the stranglehold of foreign monopolies perpetuates the paradox of Africa: poverty in the midst of plenty.
“The essence of neo-colonialism is that the state which is subject to it is, in theory, independent and has all the trappings of international sovereignty. In reality its economic system and thus its political policy is directed from outside.”
(From the introduction)
In this challenging and thought-provoking book, the president of Ghana exposes the workings of international monopoly capitalism in Africa. For him, neo-colonialism, insidious and complex, is even more dangerous than the old colonialism and shows how meaningless political freedom can be without independence.
NEO COLONIALISM contains much that is new in political thinking, and there is a penetrating analysis of the cruel African equation: richest resources + foreign development= poorest living standards.
Adept at discovering what lies behind the public image of the big firms and the big names-I.C.I., Anglo American, R.S.T., Rockefeller and Patino-Dr Nkrumah establishes the political result; for example, the part played by Belgian and American finance in the disasters of the Congo. He is also quick to expose the ideological battle carried on by the U.S. central intelligence Agency, M.R.A., and even by the Peace corps. To Defeat such formidable forces Dr. Nkrumah calls for a united effort from all independent African states: Continental union government is the only answer.
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