Why is Socialism so Prevalent in Africa? | George Ayittey

George Ayittey is a Ghanian economist and the founder and president of the Free Africa Foundation. He also taught economics at American University and is an associate scholar at the Foreign Policy Research Institute.

Ayittey talks about the failure of Africa's experiments with socialism throughout the 20th century. He tells stories about the inefficiency, waste, and bureaucratic corruption in countries like Ghana, Tanzania, and Zimbabwe, and says that wrangling Africa's political class is of paramount importance when it comes to African development.
Full talk from the Future of Freedom Conference in 1989, in San Francisco, licenced under creative common:
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