Thesis on Speculative Capital

A THESIS ON SPECULATIVE CAPITAL

Ambakisye-Okang Dukuzumurenyi, Ph.D.

6 April 6260 KC_{[ 2019 CE]}

1. Speculative Capital, the principle financial domain of parasitic, domestic and international profiteers and speculators, even in its form of Foreign Direct Investment [FDI], prevents the reunification of the financial and economic sectors of the economies of the Afrikan nation-states and of the internal Afrikan colonies of the continent of Afrika and of the Caribbean and the Americas, with economic sector here being understood as those institutions socially tasked by the designers of the society with the duty of facilitating the production and distribution of necessary goods and services for the optimal well-being of the citizens of the nation.

The domestic profiteers and speculators arose initially during the first interaction between the sovereign states of Afrika and the business interests of the governments, merchants and aristocracy of Europe [Spain, Portugal, the United Kingdom, France, the Netherlands etc.] c. 5681 – 5841 KC_{[c. 1440 – 1600 CE]}.

These parasites, the forerunners of the Black Colonialist political class of contemporary times, were birthed by the rampant galloping and hyperinflation, currency irregularities, population displacement and food-health system decay and collapse that accompanied the inception, regional extension and triumph across western Afrika of the financial and economic influence of both the transatlantic European commerce in trafficked Afrikan captives c. 5681 – 6101 KC_{[c. 1440 – 1860 CE]} and the trans-Saharan Arab commerce in trafficked Afrikans c. 4941 – 6261⁺ KC _{[c. 700 – 2020+ CE]}. Keeping in mind that the economic institution of slavery does not end but is merely transformed into other seemingly less egregious forms of economic servitude.

Following the military conquest and break-up of the political economy and political systems of the sovereign states of Afrika c. 6121 – 6161 KC_{[c. 1880 – 1920 CE]} the economic and therefore, political and health system damage caused by these two groups expanded exponentially. With total European control of the whole of the social system of the conquered nations Afrikan domestic collaborators and international profiteers and speculators, settler colonialists similar in mentality or socio-economic background to their predecessors Leopold II, King of the Belgians, the British colonial entrepreneur Ceil Rhodes, along with the Black Compradors of both the ruling and poor classes of the conquered people utilized all financial resources for their own avaricious purposes.

As a means of forcing Afrikans to participate in the newly imposed settler colonial economy as laborers, which by nature is an externally oriented economy to the detriment of the domestic economy, and as a means to fund the infrastructure public expenditures that facilitated natural resource exploitation for overseas export, the settler colonial administration implemented a taxation policy that was a levy on the family domiciles in the conquered territory.  This tax which initially could be paid in kind or through labor eventually became centered firmly in the trafficking of labor for wages which were less than enough for subsistence.

All incoming public and private capital, financial investments flowing in from North America and Europe beginning with the inception of the system and continuing to the present and foreseeable future were utilized in some part for direct and indirect speculation, black-marketeering and usury, ie., extortionate moneylending. These all resulted generally in galloping inflation, which is a chronic and widely fluctuating increase in the general level of prices ranging between double and triple digits per year. This is the situation that continues to prevail 6260 KC_{[ 2019 CE]} with the parasitic speculators dominating both so-called legal and illegal trades in foreign currencies, labor and all manner of natural resources peculiar to a given Afrikan nation-state.