Nkrumahism, The Can Of Worms I Opened – Capitalism III

Read Article

Comments (24)

This article is closed for comments.

Read Comments Comments (24)

Awurade Kasa 10 years ago

The current Pope, Pope Francis has condemned capitalism and I support him because capitalists are mostly inhumane people who want to get rich at the expense of the suffering masses by using any means possible, crooked or othe ...
read full comment

The current Pope, Pope Francis has condemned capitalism and I support him because capitalists are mostly inhumane people who want to get rich at the expense of the suffering masses by using any means possible, crooked or otherwise to control the means of production. Obamacare is to help redistribute wealth but the capitalist Republicans want none of it.
KK 10 years ago

Go and tell the Pope to go jerk off in hell.

Go and tell the Pope to go jerk off in hell.
Philip Kobina Baidoo 10 years ago

Please KK, this is a step I think is a bit too far. A bit of respect for his holiness. We should learn to agree and disagree; it is the engine of progress. Thank you

Please KK, this is a step I think is a bit too far. A bit of respect for his holiness. We should learn to agree and disagree; it is the engine of progress. Thank you
KK 10 years ago

I think it's uncalled for Mr Baidoo and I take it back.

I think it's uncalled for Mr Baidoo and I take it back.
Kofi Danso 10 years ago

KK you are a twerp.

KK you are a twerp.
Kojo T 10 years ago

1 TOR was Ghaip but it was a PPP As usual the Private partner was taking advantage which is why Kutu bought them out 2 Mortgage melt down was a complete product of Bush.His policy was private home ownership.Of corse he made S ...
read full comment

1 TOR was Ghaip but it was a PPP As usual the Private partner was taking advantage which is why Kutu bought them out 2 Mortgage melt down was a complete product of Bush.His policy was private home ownership.Of corse he made State money available to buy securities .Greed took over and every one wanted to make money .Home prices went up astronomically .Yes markets supply and demand .Profits galore .That is the markets for you .We all became Realtors as there was money to be made .Then the bubble burst as there was no foundation to the capitallist paradise .PKB the more you write the more you expose yourself .Listen the mixed economy is working .There are no perfect markets and rues are needed. Ever heard off Franklin Dodds and his work in this area .Just read it
Kojo T 10 years ago

Why has the market forces and capiitasism not allocated resources for another oil refinery to shame TOR, and the textile factories,?Why do we still import food and tooth picks? Why has our manufacturing declined since : commu ...
read full comment

Why has the market forces and capiitasism not allocated resources for another oil refinery to shame TOR, and the textile factories,?Why do we still import food and tooth picks? Why has our manufacturing declined since : communist"Nkrumah"? Please research to find how we can move forward instead of these archaic theories .Where are the cheap building materials to stop Sodom & Gomorah and flooding ? The questions are endless
Philip Kobina Baidoo 10 years ago

To start with, market forces cannot do that when the government keeps meddling in the economy. Besides, the most important part of the whole petroleum saga in Ghana is such that there is a lot of uncertainty and private inves ...
read full comment

To start with, market forces cannot do that when the government keeps meddling in the economy. Besides, the most important part of the whole petroleum saga in Ghana is such that there is a lot of uncertainty and private investors do not flourish in an environment of uncertainty. In addition, it is an industry that involves huge investment, there is no way any investor is going to put out his money, which might turn out to be a redundant investment when TOR is capable of producing enough for the whole country. Just look at it this way, what of if a new investor sinks in a tune of $400 million and the government finally decides to sell TOR for let’s say $150 million. How is the new investor going to compete with the buyers of TOR regarding cash flow? They will have their hands burnt badly, and no investor is willing to take that chance. The best solution is for the government to quickly off load TOR, and the huge pressure on the national currency will be eased. For the rest of your questions if the government stabilises the downward slide of the currency most of the problems you are broaching will be mopped out. Just look at the poultry industry, because the currency is constantly falling it is cheaper to import than to produce in the country. The only solution is for the government to put breaks on the constantly depreciating currency. And if you have been following my write up I have offered so many solutions. Thank you again Kojo T. I am beginning to love you.
KKO 10 years ago

PKB,
The truth about TOR is that the 1962 vintage technology is now so archaic that it is even surprising that they can still find spare parts for their machinery.

Back in the late 80s/early 90s, they were getting just ab ...
read full comment

PKB,
The truth about TOR is that the 1962 vintage technology is now so archaic that it is even surprising that they can still find spare parts for their machinery.

Back in the late 80s/early 90s, they were getting just about 45% useful finished products from their raw material stock. The rest was being sold as LSFO. Ivory Coast with an additional hydrocracking unit, was doing about 85%! Nobody did anything about it in Ghana because cronies were selling the LSFO, to build a political war chest.

TOR really needs to be pulled down (Togo sold her version of it and it is now being used for finished products storage!) The only problem is that with Ghana's record of harassment of private investors, who will be daft enough to spend 2-3 billion dollars to build a refinery in Ghana when they are not sure what will happen to it ten fifteen years down the line?
Philip Kobina Baidoo 10 years ago

Thank you KKO, for the input.

Thank you KKO, for the input.

KKO 10 years ago

Why will anyone borrow money to build a refinery in a country where a president can just nationalise an investor's asset at a whim?

Most of the so-called industries were actually tethering at about 30% by 1966, and I worke ...
read full comment

Why will anyone borrow money to build a refinery in a country where a president can just nationalise an investor's asset at a whim?

Most of the so-called industries were actually tethering at about 30% by 1966, and I worked at a few of those industries not long after Nkrumah's overthrow, so I know what the CPP socialist "jobs for the boys" nonesense had done to Oman Ghana!
KK 10 years ago

You people want to eat your cake and still have it. Jokers.

You people want to eat your cake and still have it. Jokers.
KKO 10 years ago

Excellent piece, Namesake.

For anyone to brand the governments of Acheampong, AFRC, Limann, PNDC and NDC Mark I and II as capitalist, is beyond belief! Capitalism may not have been made in heaven, but it has been the best ...
read full comment

Excellent piece, Namesake.

For anyone to brand the governments of Acheampong, AFRC, Limann, PNDC and NDC Mark I and II as capitalist, is beyond belief! Capitalism may not have been made in heaven, but it has been the best economic system in the world for at least the past two hundred years, and the fact that even its most avowed opponents abandon their systems and take to it or flee to hated capitalist countries tells it all.

I wonder how many of these shrill socialists would like to be in the shoes of Mr Tsipras of Greece!
ICONIC-07 10 years ago

A CRITICAL EVALUATION OF KOBINA BAIDOO'S ONE-SIDED PIECE ON THE GREATEST PRESIDENT GHANA HAS EVER EXPERIENCED, OSAGYEFO DR. KAWAME NKRUMAH, IS INDICATIVE OF THE LOW LEVEL OF HIS CRITICAL THINKING, IF ANY
KOBINA BAIDOO HAS D ...
read full comment

A CRITICAL EVALUATION OF KOBINA BAIDOO'S ONE-SIDED PIECE ON THE GREATEST PRESIDENT GHANA HAS EVER EXPERIENCED, OSAGYEFO DR. KAWAME NKRUMAH, IS INDICATIVE OF THE LOW LEVEL OF HIS CRITICAL THINKING, IF ANY
KOBINA BAIDOO HAS DEMONSTRATED HOW EDUCATED-ILLITERATE HE IS IN HIS POOR ANALYSIS OF OSAGYEFO'S CONTRIBUTION TO THE DEVELOPMENT OF GHANA.

JUST IMAGINE SUCH A FOOL, KOBINA BAIDOO MAKING SUCH STATEMENT THAT "CORRUPTION STATED WITH NKRUMAH."

WHO ON EARTH AND MORE SO I GHANA, CAN POINT TO A SINGLE WEALTH OF OSAGYEFO, SUCH AS HOUSES, CARS, INVESTMENTS, ALBEIT THE WEALTH OF KUFFOUR, RAWLINGS, MAHAMA, AKUFO ADDO, BUSIA, DANQUAH, ETC.

EDUCATED ILLITERATE KOBINA BAIDOO ALSO MAKES THE CLAIM THAT CAPITALISM THRIVES ON REGULATIONS, BUT FAILED TO ARGUE INTELLIGENTLY THE SOURCES OF THE REGULATION WHO CALLS THE SHOT TO FAVOUR WHO. FOOOOOOOOOOOOOOL KB

ALUTA CONTINUA !!!!!!!
Philip Kobina Baidoo 10 years ago

Thank you Iconic-07

Thank you Iconic-07
MARCUS AMPADU 10 years ago

Ghanaians are waiting for your nth capitalist article. Your previous narratives completely were devoid of rational thinking. Hopefully, your nth capitalist will offer us a modicum of strategy.

Were you aware that there a s ...
read full comment

Ghanaians are waiting for your nth capitalist article. Your previous narratives completely were devoid of rational thinking. Hopefully, your nth capitalist will offer us a modicum of strategy.

Were you aware that there a significant number of people who did not come from difficult background but yet ended up as hardcore criminals? America & Britain have many of them.

There is no such thing as "pugilist socialist" .

The recession created by the supply side economic measures of the capitalistic Reagan administration was ended by the Obama administration; and it took the audacity of Barack Obama to institute the Affordable Care Act to give healthcare to millions of Americans who didn't have it. clear example of the success of mixed economy, in my opinion.
Philip Kobina Baidoo 10 years ago

Mr Ampadu, the pugilist socialist is a figure of speech; don't start this. I am not on such terms with you, because I value your comments.

Mr Ampadu, the pugilist socialist is a figure of speech; don't start this. I am not on such terms with you, because I value your comments.
MARCUS AMPADU 10 years ago

PKB, many of us don't know that your pugilist socialist is a figure of speech, implying the term needs to be explained. Your usually laconic responses don't help.

PKB, many of us don't know that your pugilist socialist is a figure of speech, implying the term needs to be explained. Your usually laconic responses don't help.
PhiIip Kobina Baidoo 10 years ago

Hello Mr Ampadu, I am sorry to do that, but I switch to such laconic exchanges when people stifle debate. Thank you.

Hello Mr Ampadu, I am sorry to do that, but I switch to such laconic exchanges when people stifle debate. Thank you.
Ken Atta-Boakye 10 years ago

The question that stares Africans in the face is if we have people with such incredible knowledge, how come that they cant study the African case seriously and provide solutions that can defy the corruption the leaders do? T ...
read full comment

The question that stares Africans in the face is if we have people with such incredible knowledge, how come that they cant study the African case seriously and provide solutions that can defy the corruption the leaders do? These leaders draft constitutions with checks and balances to offset corruption yet they end up being corrupt themselves and go scotfree. They have no training in ethics and dont care how the public may see them. Those of us who care about the misuse of our abundant resources are disturbed. Africans are in a dilemma!!!

Philip Kobina Baidoo 10 years ago

Hello Ken, you have hit on a very difficult question. However, I don't have all the answers, but to start with to change the status quo is a very difficult undertaken. Besides, those who are benefiting from the current system ...
read full comment

Hello Ken, you have hit on a very difficult question. However, I don't have all the answers, but to start with to change the status quo is a very difficult undertaken. Besides, those who are benefiting from the current system are not going to give up that easily. Sometimes it takes a bit of sacrifice. Let me give you one classic example. When Manmohan Singh, the former Finance Minister of India and later the Prime Minister extricated the Indian Economy from over forty years socialist stagnation his party lost the election. The question is how many people in Africa are willing to do that? It will be like finding a needle in a haystack. It is going to be a long haul but we will get there if we are determined with a single mind and purpose. The first step is to spread the good news. Thanks Ken.
Aboa ba 10 years ago

Make time to read the most intensive scientist/technical paper published on the subject (this paper avoids your childish simplicity by bring all the relevant data in one place.

The paper gives statistical breakdown of num ...
read full comment

Make time to read the most intensive scientist/technical paper published on the subject (this paper avoids your childish simplicity by bring all the relevant data in one place.

The paper gives statistical breakdown of numbers, unlike your sweeping stupidity. Do you think your simplistic and stupid generalization is a true reflection of what is happening in America? Read this technical paper and come back again. Then you will know that racism is not as simplistic and stupid as your childish analysis demonstrate. You will be doing this through out your childish articles. You need to read and read.............

Here is the link:

www.ncbi.nlm.nih.gov/pmc/articles/PMC4193596/

Learn to argue think scientifically.
Aboa ba 10 years ago

Make time to read the most intensive scientific/technical paper published on the subject (this paper avoids your childish simplicity by bringing all the relevant data in one place.

The paper gives statistical breakdown of ...
read full comment

Make time to read the most intensive scientific/technical paper published on the subject (this paper avoids your childish simplicity by bringing all the relevant data in one place.

The paper gives statistical breakdown of numbers, unlike your sweeping stupidity. Do you think your simplistic and stupid generalization is a true reflection of what is happening in America in terms of the foreclosure crises?

Read this technical paper and come back again. Then you will know that racism and the foreclosure crisis is not as your childish analysis demonstrates. You visit ordinary websites for your skewed ideas and then avoid journals that look at issues via scientific/technical lens.

You have been doing this throughout your childish articles. You need to read and read.............in order to understand basic ideas.

You should allow your grandchildren to read through your pieces before sending them for publication. The young ones are better informed than their elderly folks these days, you know. The guy you are engaged with has every reason to ignore you.

Here is the link:

www.ncbi.nlm.nih.gov/pmc/articles/PMC4193596/

Learn to argue think scientifically.
Philip Kobina Baidoo 10 years ago

Why don't you show your identity if you have the guts. You are just a snivelling coward. Thank you.

Why don't you show your identity if you have the guts. You are just a snivelling coward. Thank you.

24 Comments

Welcome,

SIGN IN

Welcome,

RESET PASSWORD

Hello,

Terms and conditions

REGISTER

Nkrumahism, The Can Of Worms I Opened – Capitalism III

Read Comments .st0{display:none;fill:#14BDD3;} .st1{display:none;} .st2{display:inline;fill:#FC0F0F;} .st3{display:inline;fill:#FFFFFF;} .st4{display:inline;fill:none;stroke:#000000;stroke-width:6;stroke-miterlimit:10;} Comments (24)

Read Comments Comments (24)