After pressing play, the discussion begins in eight minutes with opening remarks of Lawrence Freeman.
Over the course of the last three weeks, two major developments have occurred that potentially will transform the quality of life for Ethiopia, and all the nations we now refer to as, The Global South. I’m referring to two singular events. One, the 4th filling of the Grand Ethiopian Renaissance Dam (GERD) on the eve of the Ethiopian New Year. Two, the 15th BRICKS Summit (August 22-24) in Johannesburg South Africa, that added six new nations, which included Egypt and Ethiopia. These two developments occurring over a span of approximately three weeks have now changed Ethiopia, have changed Africa, and have actually changed the world.
As of January 2024, the BRICS will expand from its current five members; Brazil, Russia, India, China, and South Africa, to eleven nations by adding; Egypt, Ethiopia, Iran, Saudi Arabia, United Arab Emirates, and Argentina. The world, the physical universe we live in, has changed; and our planet will never go back to the way it was before. The newly expanded BRICS, with its own Development Bank, is in its embryonic stage of becoming an alternative political-economic institution to the so called, rules-based international order. Ethiopia’s GERD is now irreversibly poised within the next two years, to inject 5,150 megawatts of power to the African continent.
On Sunday, September 10th, an extensive detailed examination of the significance of the 4th filling of the GERD was discussed on Twitter (see link above) by a panel of experts, which included myself.
Briefly. The GERD reservoir now contains 42 billion cubic meters (bcm) of water, just 7 bcm short of the requirement to fill the dam. During the course of the rainy season the water level will increase another 25 bcm to obtain its full capacity of 74 bcm once the walls are raised another 25 meters to reach the height of 645 meters above sea level.
With the addition of eleven more turbines operating at 400 megawatts (MW) each, to the current two turbines operating at 375 MW each, the GERD is projected to generate approximately 16,000 megawatt hours of electricity. This will enable Ethiopia to provide electricity to its population, expand its manufacturing sector, industrialize its economy, and export electricity to neighboring nations in the Horn of Africa. Resulting in a complete transformation of the Ethiopian economy and its society. This dam will have no negative effect on the downstream nations. The GERD is a dam for development of Ethiopia, the Horn of Africa, and the entire Nile Basin. The African continent will benefit, and now has a model for other nations to follow.
By listening to our conversation, you will learn a great deal about the current stage of development of the GERD and its potential for Ethiopia.
Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in economic development policies for Africa for over 30 years. He is a teacher, writer, public speaker, and consultant on Africa. Mr. Freeman strongly believes that economic development is an essential human right. He is also the creator of the blog: lawrencefreemanafricaandtheworld.com.
Please watch this excellent interview with Lawrence Freeman conducted last month. You will enjoy it. Topics discussed:
What does the coup in Niger reveal about the failure of Western policy for Africa?
Why economic development is a human right?
Is the Western political and financial oligarchical elite brain dead or can they change in accordance with reality?
Why is the West scared of the newly expanded BRICS?
Why is China’s policy towards Africa superior to that of the West?
Is Africa on the verge of an economic-political breakout?
Are Western leaders smart enough to modify their failed policies.
Will Africa have too many people? Can there be too much human creativity?
All of this issues and more are discussed in a conversation with Mel K that you wont see anywhere else.
Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in economic development policies for Africa for over 30 years. He is a teacher, writer, public speaker, and consultant on Africa. Mr. Freeman strongly believes that economic development is an essential human right. He is also the creator of the blog: lawrencefreemanafricaandtheworld.com.
Click On Downloadto read the above ten page proposal prepared by Rowland Ataguba, July 2020
August 21, 2023
The African Union’s “Agenda 2063” includes plans for the African Integrated High Speed Rail Network (AIHSRN), a high speed rail line across Africa. However, their plan for completion is 40 years from now. Rowland Ataguba, a Nigerian expert in rail management, has proposed a different timetable, which includes two “Master Plans.” He proposes the completion of 35,828 kilometers (kms) of high-speed rail lines by 2033, and an additional 14,547 kms by 2043. (See above)
Why is Mr. Ataguba’s fast track schedule for this transformative rail project important for the African continent?
Why is Rail Infrastructure Crucial?
As a physical economist I understand, as all policy experts and leaders should, the critical importance of hard infrastructure. Along with energy, rail transportation is essential for the growth of every economy. If properly implemented, this physical input into the economy will be transformative. African nations are suffering, and Africans are dying everyday due to the abysmal level of energy throughput in their economies. The paucity of kilometers of railroad track per square area of territory measured, is equally appalling. I can state with authority, that without a full scale, military type mobilization, to rapidly expand these two vital categories of infrastructure, African nations will not achieve industrialization. Without this infrastructure, unacceptable levels of extreme poverty, hardship, and unnecessary deaths will continue on the African continent, especially in sub-Sahara Africa.
Infrastructure, particularly high speed rail, increases the profitability of the entire economy. It advances the productive powers of society, yielding higher rates of production of physical wealth. In other words, all aspects of labor activity and farming involved in the production of tangible products will be upgraded as a result of the introduction of high speed rail. The African Continental Free Trade Area agreement will not succeed, and inter-African trade will remain absurdly low, unless all major African cities, ports, farming agricultural hubs and industrial centers, are connected by AIHSRN.
Rail transportation, like electricity and other forms of hard infrastructure, adds physical value to the economy. (Soft infrastructure contributes to economic growth differently). Thus, even if in the initial stages, railroads don’t yield a profit for that particular business venture, they will have a positive impact on the economy. Connecting production and agricultural markets with consumers through time saving more efficient means of transportation will lead to expansion of economic growth. Otherwise known as progress, which Africa, despite its abundant potential, has been denied.
Take note: China has lifted over 700 million of its people out of poverty on the back of the most expansive high speed rail network in the world,-over 40,000 kms. A similar feat can be accomplished in the African continent, which now has the largest number of people living in poverty.
Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in economic development policies for Africa for over 30 years. He is a teacher, writer, public speaker, and consultant on Africa. Mr. Freeman strongly beleives that economic development is an essential human right. He is also the creator of the blog: lawrencefreemanafricaandtheworld.com.
While the Western World, in particular, was shocked by the July 26, 2023, coup in Niger, I was not. This is now the fifth or sixth coup, (depending how you count) in the Sahel and Western Africa, following Guinea, Mali, Burkina Faso, Sudan, and Chad. Sadly, more coups may follow, unless we face the truth, and change Western policy. The primary underlying cause for these coups, is poverty, resulting in despair and desperation in the population. We should be clear that Russia may benefit, but they are not the cause of Africa’s coups. It is obsessive reliance on kinetic counter terrorism programs in the Sahel, all of which have failed, that drives policy makers to repeatedly fail to see the error of their ways. Niger’s coup should make it obvious to the architects of U.S.-European policy for Africa, unless they are brain-dead, that a radically new course of strategic thinking is required. Promoting economic development is the most vital element of a new strategic policy for Africa, and the Sahel in particular.
Remember Mali
For those of us who have been involved in Africa for decades, remember the Malian coup in the Spring of 2012. Prior to the removal of Malian President, Amadou Toure, by the military, Mali was touted by the West, as the show case of democracy and stability. It was viewed as a strong ally of the United States, with their armed forces trained by the U.S. The immediate trigger for the collapse of Mali, was the disastrous decision to overthrow the government of Libya and assassinate President Omar Gaddafi by President Obama, and his assemblage of war-hawks (witches); Susan Rice, Hilary Clinton, and Samantha Power. Obama’s October 2011 regime-change of a stable Libyan nation, unleashed hell across north Africa and the Sahel with thousands of armed Tuaregs and violent extremists set loose to occupy weak state regions and ungoverned territories. Similar to U.S. support of Mali, Secreatry of State, Antony Blinken, made a special visit to Niger in March 2023, to strenthen U.S. backing for another nation in the Sahel.
Why Niger?
With the end of French-Afrique well on its way, particularly with the French being kicked out of Mali, and the failure of the French anti-terrorist military deployment in the Sahel, known as Operation Barkhane, the U.S. designated Niger as the center of its counter-terrorist operation in North Africa.
At the time of the July 26 coup of Nigerian resident, Mohamed Bazoum, by his presidential guards, there were 1,500 French troops and 1,200 U.S. troops based in Niger. Additionally, the U.S built its largest drone base in Africa, Air Base 201, at the cost of over $110 million dollars, to provide intelligence and surveillance in the U.S. campaign against violent extremism. Estimates are that the U.S. spent almost half a billion dollars training the Nigerien armed forces.
Last week’s coup in Niger caught much of the outside world by surprise, given the country’s image as a relatively stable outlier in a region beset by frequent upheaval. Many outside observers found it hard to understand how President Mohamed Bazoum, a seemingly well-regarded leader believed to enjoy popular legitimacy, was overthrown by the armed forces. But if foreign observers were stunned by Bazoum’s toppling, it did not come as a shock to many Nigeriens, and not solely because of their country’s history of military coups.
To begin with, tensions between Bazoum and the army’s top brass and senior Defense Ministry officials were well-known to Nigeriens. Bazoum was also ushered into power in 2021 by a controversial election in which a popular opposition candidate was barred from running and that featured allegations of electoral malpractice. The protests that followed were marred by at least two deaths, many more injuries and mass arrests. And harsh crackdowns on recent public protests against the rising cost of living and Niger’s security partnership with France likely did little to assuage Nigeriens’ concerns.
Claims of an improved security landscape in Niger amid the fight against Islamist jihadists are also open to debate. But beyond the vagaries of statistical analysis, many Nigeriens simply do not believe that their lives have become safer and more prosperous, and seemingly favorable comparisons with their neighbors are no consolation. Niger remains one of the world’s most impoverished nations…
Security, economic progress, and social development are necessary to sustain public support for any system of government, including democracy. (Emphasis added)
Development Not Understood
During the years of the Obama Presidency, members of his administration would repeatedly and publicly lecture me that “we don’t do infrastructure.” Now, in the two and a half years of Joe Biden’s Presidency, both he and Secretary of State, Antony Blinken, openly espouse that the overarching intent of U.S. policy towards Africa (and the rest of the world) is to export “democracy” and “ good governance.” They believe, that only when nations embrace and commit to implement their constructs, will they be allowed to join the “rules-based international order.”
A July 17, 2023, opinion by the Editorial Board of the Washington Post reveals, unintentionally, the tragic flaws of the Biden-Blinken policy towards Africa.
As we have argued in this space before, the Biden administration should compete with Russia’s aggressive maneuvering, as well as China’s, for influence in Africa by focusing on what the United States does best: building the infrastructure of democracy. That takes time. But in the long term, it is the key to ending chronic instability and crippling poverty (sic), reining in corruption, and jump-starting economic development.
There is only one thing wrong with this policy; it is no damn good! Stability, peace, and democracy are dependent on a population that is prosperous, educated, and secure. Without economic development, these goals will not be achieved. If the tens of billions of dollars that was spent on kinetic counter-terrorism programs to diminish violent extremism, had been deployed for building infrastructure, the Sahel would be in far better shape than it is today. Electricity, roads, railroads, water management, farming, and manufacturing are essential for the wellbeing of a nation.
Without a continuously rising stanard of living for its people, Niger, like many other African nations, will not achieve peace, and stability. The physical economic improvement in the material existence of the lives of the population is not optional, not secondary, but a primary-essential requirement for a nation state’s continued existence.
The failure to comprehend these fundamental concepts is at the crux of the moral and intellectual bankruptcy of the Western political-financial elites and their inability to design a successful strategy towards Africa.
Listen to my 20 minute PressTV interview on Niger.
Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in economic development policies for Africa for over 30 years. He is a teacher, writer, public speaker, and consultant on Africa. He is also the creator of the blog: lawrencefreemanafricaandtheworld.com. Mr. Freeman’s stated personal mission is; to eliminate poverty and hunger in Africa by applying the scientific economic principles of Alexander Hamilton
The concept that economic development is a fundamental human right has been rejected by the United States, the United Nations, Europe, and all Western institutions, including Non-Government Organizations (NGOs). This failure to understand the essential, vital importance of promoting real-physical economic growth in developing nations has prevented the West from achieving its goals for human rights, good governance, and democracy, if they are even truly sincere about these objectives.
Zhang Weiwei is right: The United States has never considered poverty eradication as a human rights issue. I might add that the United Nations has officially refused China’s request to list economic development as a core human right.
However, contrary to the UN and U.S., the African Charter on Human and Peoples’ Rights, correctly states in Article 22:
All peoples shall have the right to their economic, social, and cultural development…States shall have the duty…to ensure the exercise of the right to development.
China has succeeded in lifting three quarters of a billion of its people out of poverty; a feat that the Western financial institutions could not accomplish with their monetarist policies. This has been achieved through a dedicated effort by the Chinese government over several decades. Should not concerned nations in the West, collaborate with China to eliminate poverty worldwide, as a shared common mission?
U.S. Has lost Its Vision for Development
As the U.S. vision for the world has shrunk and its culture corrupted, we have produced no statesman, much less a visionary leader, who can articulate a policy for uplifting humankind. There are no Kennedys, Roosevelts, or Lincolns, in the political class of America today. As a result, the notion of developing other nations, (much less our own) has virtually vanished from the American lexicon, and U.S. strategic policy. Tragically for the U.S. and the rest of the world, the diseased doctrine of geopolitics has become the dominant ideology in formulating foreign policy. In this warped creed, might makes right, and the desire to remain on top dominates, in a belief structure of a fixed zero-sum world. In this perverted mind-set, what drives a nation’s foreign policy is the thirst to maintain its power.
Demands for so called human rights, good governance, and the insistence for Western structured democracy, are not only terribly flawed, but in fact, have been used as weapons to bludgeon nations into accepting the dictates of the “rules-based international order.” This is the new term for geopolitical control by the West, with its unipolar view of the world, following the demise of the Soviet Union. China and Russia are wrongly viewed as enemies of the U.S. However, it should be understood that China and Russia China, along with an increasing number of nations in the expanding non-align movement are indeed a threat to the hegemony of the “rules-based order.
BRICS is emerging as an alternative to the “international rules-based order.” Ocotober 2019. (Courtesey of wikapedia)
Again, I agree with Zhang Weiwei: “Only through development can poverty be eliminated, and the root causes of many conflicts be removed.” Allow me to extendthis line of reasoning by stating unequivocally: poverty is the enemy of human rights, the enemy of democracy, and the enemy of peace and stability.
Democracy and human rights are a cruel illusion: when almost half of one’s nation lives in poverty; when the majority of the citizens have no access to electricity; when mothers have to search for food each day to feed their children; when the lack of productive jobs forces young men and women to hustle for survival in the informal economy; and when families believe they have no long term economic security for the future.
Democracy is more than voting every four years. Democracy requires that its citizens have the material standard of living and leisure time to inform themselves so they can intelligently discuss and debate national policies that will impact the present and future of their nation. Electing candidates who will offer a meaningful and dignified life for its people, and hope for the future, requires a society with a culture that fosters a thinking citizenry. What makes us human is our creative imagination that allows us to discover the laws of the universe. Thus, each human being should have a rising standard of living that provides for one’s material needs and the freedom to nurture the creative potential of their mind.
Why isn’t the right to electricity a human right? Why isn’t the right to have a productive job a human right? Why isn’t the right to a quality education a human right? These omissions from the mantra of the “rules based order,” and the U.S. State Department, are glaring and fatal.
Common Aims of Humankind
A nation’s foreign policy towards other nations is clear and elementary, if one understands this crucial principle: all people share a universal similarity as members of the human species, who are uniquely endowed with the potential of creative reasoning. Thus, the interest of each nation is the same: the material and spiritual development of each of its citizens. Therefore, it is in the self-interest of each nation to cooperate with other nations to foster the enrichment of the mind, soul, and body of every human being. From this higher understanding of civilization, we redefine a nation’s relationship to the rest of the world, away from geopolitics to one of collaboration in creating a new paradigm based on economic development
President Franklin Roosevelt, and Prime Minister Winston Churchil, Casablanca Morocco. 1943, (Courtesey of the National War II Museum)
It has not always been the case that U.S. foreign policy towards developing nations excluded economic development. President Franklin Roosevelt was appalled at the conditions of Africans living in British controlled colonies. Prime Minister Churchill was furious when President Roosevelt confronted him with this ugly reality. Elliott Roosevelt, President Roosevelt’s son, who was present at many of his father’s meeting with the Prime Minister, reports in his book, As He Saw It, their diametrically opposed view on colonialism.Elliott Roosevelt recalls a heated conversation, when his father told Churchill, that after the war he intended to dismantle the British Imperial system. President Roosevelt also told his son of his intention to help turn the Sahara Desert green with vegetation.
Sixty years ago, a young President, John Kennedy, reversed his predecessor’s aloofness towards Africa, and embraced the newly independent African nations. He made a commitment to assist in modernizing and industrializing their underdeveloped economies. This was most evident in President Kennedy’s agreement with Ghana President, Kwame Nkrumah, to support the construction of the Volta River Dam project. To this end, the Kennedy administration provided a $40 million loan for the hydroelectric dam and bauxite smelting manufacturing facility to produce aluminum.
President Kennedy invites President Kwame Nkrumah to Washiongton DC, March 8, 1961, for the first State Dinner of his new presidency
When in the last five decades has the U.S. led any effort to assist an African, or developing nation, in significantly expanding its manufacturing capability?
In examining whether a nation’s foreign policy is successful or not, the criteria is obvious, and one that I have long ago adopted. Does it result in an improvement in the conditions of life? Does it lead to a reduction of poverty? If it does not, the policy should be discontinued, and replaced with a strategy to increase the production of physical economic wealth for the benefit of the people.
It is well past time for the “rules-based order” to be replaced with principles that benefit humankind. Principles are always superior to rules.
Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in economic development policies for Africa for over 30 years. He is a teacher, writer, public speaker, and consultant on Africa. He is also the creator of the blog: lawrencefreemanafricaandtheworld.com. Mr. Freeman’s stated personal mission is; to eliminate poverty and hunger in Africa by applying the scientific economic principles of Alexander Hamilton
Watch the 60 minute video above. On April 13, 2023, Dr. Brook Hailu, of Nahoo tv, interviewed me on the weekly broadcast, Voice of The Diaspora . We had an extensive discussion on the GERD, Ethiopia, Africa, geopolitics, and human crieatvitiy in economics. With the creation, and self financing of the GERD, Ethiopia is breaking through the mentality that African nations will always be poor and underdeveloped.
Watch the 20 mimute video below. Lawrence Freeman, was the lead presenter in the book launch of a new book on the Grand Ethiopian Renaissance Dam-GERD, at . Georgetown University, Washington DC, on April 29, 2023
Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in economic development policies for Africa for over 30 years. He is a teacher, writer, public speaker, and consultant on Africa. He is also the creator of the blog: lawrencefreemanafricaandtheworld.com. Mr. Freeman’s stated personal mission is; to eliminate poverty and hunger in Africa by applying the scientific economic principles of Alexander Hamilton
Alec Soth/Magnum Photos: Rancho Seco Nuclear Power Station, California
May 2, 2023
Nuclear energy is safe, clean, and the most efficient form of energy existing today. Almost a third of the nations of Africa have plans to include nuclear in their electricity grid. South Africa is the only nation with an existing nuclear energy plant and Egypt is constructing their first nuclear power plants in cooperation with Rostrum.
The massive lack of energy throughout Africa is the biggest single impediment to advancing the economies of African nations. My rough calculations are that Africa nations combined with require a minimum of 1,000 gigawatts (1 gigawatt equals billion watts) of additional electricity to upgrade their primarily agricultural and resource based economies to modern industrialized societies. This cannot be achieved without nuclear energy. This is not an option with the population of Africa projected to reach 2.5 billion in the next 30 years. That is why I am suggesting that each nation must have one or more nuclear energy producing plants. The naysayers and zero growthers are wrong.
The article below exposes the fraud of fear mongering about nuclear waste. Let us end this anti-scientific propaganda and move forward with technologically driven progress.
by Madison Hilly, founder of the Campaign for a Green Nuclear Deal.
On a visit in February to the site of the Fukushima nuclear plant meltdown in Japan, Representative Alexandria Ocasio-Cortez of New York did something refreshing: She discussed radiation exposure and nuclear waste without fanning fear. The radiation she got from her visit — about two chest X-rays’ worth — was worth the education she received on the tour, she told her 8.6 million Instagram followers. She then spoke admiringly of France, which, she said, “recycles their waste, increasing the efficiency of their system and reducing the overall amount of radioactive waste to deal with.”
Progressive lawmakers, along with environmental groups like the Sierra Club and Natural Resources Defense Council, have historically been against nuclear power — often focusing on the danger, longevity and storage requirements of the radioactive waste. During the 2020 presidential campaign, Senator Bernie Sanders of Vermont said, “It doesn’t make a whole lot of sense to me to add more dangerous waste to this country and to the world when we don’t know how to get rid of what we have right now.” Senator Elizabeth Warren of Massachusetts echoed these concerns and pledged not to build any new nuclear plants if elected president.
So it’s no surprise that many Americans believe nuclear waste poses an enormous and terrifying threat. But after talking to engineers, radiation specialists and waste managers, I’ve come to see this misunderstanding is holding us back from embracing a powerful, clean energy source we need to tackle climate change. We must stop seeing nuclear waste as a dangerous problem and instead recognize it as a safe byproduct of carbon-free power.
Why is nuclear so important for reducing carbon emissions? The countries that have cleaned up their electricity production the fastest have generally done so with hydroelectric power, nuclear, or a combination of the two. The distinct advantage of nuclear is that it requires little land and can reliably produce lots of power regardless of weather, time of day or season. Unlike wind and solar, it can substitute directly for fossil fuels without backup or storage. The International Energy Agency believes it’s so crucial that global nuclear capacity must double by 2050 to reach net-zero emissions targets.
For this reason some U.S. investors, policymakers and even the movie director Oliver Stone are calling for greatly expanding our nuclear capabilities. The Inflation Reduction Act is now rolling out credits for the 54 plants currently in operation and incentives for new ones worth tens of billions of dollars. States across the country are overturning decades-old bans on nuclear construction and exploring investment opportunities. A demonstration project in Wyoming is underway to replace a retiring coal plant with a nuclear reactor.
There are many legitimate questions about the future of nuclear — How will we finance new plants? Can we build them on time and under budget? — but “What about the waste?” should not be one of them.
One of our few cultural references to nuclear waste is “The Simpsons,” where it appeared as a glowing green liquid stored in leaky oil drums. In reality, nuclear fuel is made up of shiny metal tubes containing small pellets of uranium oxide. These tubes are gathered into bundles and loaded into the reactor. After five years of making energy, the bundles come out, containing radioactive particles left over from the energy-making reactions.
To date, there have been no deaths, injuries or serious environmental releases of nuclear waste in casks anywhere. And the waste can be transferred to another cask, extending storage one century at a time.
With this kind of nuclear waste, I’m not referring to water containing the radioisotope tritium that nuclear plants regularly release. Antinuclear activist groups like to scaremonger about this, despite the fact that you’d need to drink over a gallon of the treated water being released from Fukushima to get the equivalent radiation exposure of eating a banana.
But what about the spent nuclear fuel — isn’t it radioactive for hundreds of thousands of years? The way radiation works, the waste products that are the most radioactive are the shortest-lived, and those that last a long time are far less dangerous. About 40 years after the fuel becomes waste, the heat and radioactivity of the pellets have fallen by over 99 percent. After around 500 years, the waste would have to be broken down and inhaled or ingested to cause significant harm.
Compare this to other hazardous industrial materials we store in less secure ways that don’t become less toxic over time. Take ammonia: It is highly toxic, corrosive, explosive and prone to leaking. Hundreds of ammonia-related injuries and even some fatalities have been reported since 2010, and we continue to produce and transport millions of tons of it annually by pipelines, ships and trains for fertilizer and other uses.
Yet because nuclear waste seems to pose an outsize risk in the imaginations of many — especially those who lived through the Cold War — the conversation veers toward permanent solutions, like burying it deep underground in a facility like the proposed Yucca Mountain project in Nevada. There may be other benefits to consolidating spent fuel in a central facility, but safety is not the primary concern.
By failing to construct such a facility, some worry that we’re saddling the next generation with the burden of waste management. But as a young person in my 20s expecting a child this year, I feel very comfortable with the way we manage nuclear waste, with making more of it and with passing this responsibility on to our kids. I hope my daughter’s generation will inherit many new nuclear plants making clean power — and the waste that comes with them.
The waste should really be a chief selling point for nuclear energy, particularly for those who care about the environment: There’s not very much of it, it’s easily contained, it becomes safer with time and it can be recycled. And every cask of spent nuclear fuel represents about 2.2 million tons of carbon, according to one estimate, that weren’t emitted into the atmosphere from fossil fuels. For me, each cask represents hope for a safer, better future.
Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in economic development policies for Africa for over 30 years. He is a teacher, writer, public speaker, and consultant on Africa. He is also the creator of the blog: lawrencefreemanafricaandtheworld.com. Mr. Freeman’s stated personal mission is; to eliminate poverty and hunger in Africa by applying the scientific economic principles of Alexander Hamilton
In this interview, I explain the strategic importance of the African continent for the global economy in this century. I advocate for a complete reversal of U.S. policy or Africa. It is past time for the U.S. to stop complaining about China and correct our own foreign-economic policy toward the nations of Africa. What African nations need most is: long term, low interest loans for the financing of vital infrastructure projects. China and other nations are contributing to this type of development; the U.S. is not.
The U.S. has lost its commitment, its vision of helping the nations of the Global South, especially Africa, to develop. Instead, they give speeches on the need for their Western version of democracy and good governance, when Africans die every day due to poverty, brought on by the lack of infrastructure. Africa is suffering from the lack of electricity, high-speed railroads, roads, hospitals, etc. The private sector is essential for economic development, but it will never finance the infrastructure required to build modern industrialized economies in Africa.
In my interview, I also discuss my visit to the Grand Ethiopian Renaissance Dam (GERD), and its significance for Africa. Ethiopia’s financing and building of the GERD, which will generate 5,150 megawatts of electricity for the Horn of Africa, can be a model for other nations.
The U.S. and the West have to move away from the insane geopolitical doctrine that views the world as a zero-sum game, which carries overtones of racism and colonialism for Africa. The true measure of the success of U.S. policies is: do they lead to an increase in the material standard of living for Africans.
The foolishness of U.S. and Western policies towards Africa is that they are shortsighted and economically thoughtless. With Africa projected to have one fourth of the world’s population by 2050, the largest number of youth, and the biggest potential workforce in the world, not to develop Africa nations is just plain stupid. The African continent can be the center of economic commerce or a breeding ground for coups and violent extremism. That future is being decided by what we do today.
Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in economic development policies for Africa for over 30 years. He is a teacher, writer, public speaker, and consultant on Africa. He is also the creator of the blog: lawrencefreemanafricaandtheworld.com. Mr. Freeman’s stated personal mission is; to eliminate poverty and hunger in Africa by applying the scientific economic principles of Alexander Hamilton
Watch this video of Economist Jeffrey Sachs addrressing the African Union (coutersy of africanagenda.net)
Jeffrey Sachs and I agree 100% on the absolute necessity to provide long term-low interest financing for infrastructure in Africa. The global financial system, the International Monetary Fund, the World Bank, and the so called international rules based order, do not understand the importance of building infrastructure in Africa, or they don’t care, or they want Africa to remain underdeveloped.
I, like Professor Sachs, understand, that the only way forward for African nations is; development: massive investment in physical and human capital. Democracy and good governance are empty constructs, cynically meaningless words, without economic development. If one genuinely desires democracy, than you must have abundant electricity! Without real, physical economic growth, which is not possible without financing trillions of dollars of infrastructure, African nations will not realize their potential in this century.
This requires a new paradigm based on development, which I have been advocating for decades.
Excerpts from Prof. Sachs, speaking before the African Union, on February 17, 2023, in Addis Ababa, Ethiopia:
And that is that African governments should take on a lot more debt and use it to keep the kids in school, to build the electricity, to build the rail, to build the transport systems because it can`t wait. And if you do it right the growth will be rapid, so what looks like a lot of debt today , 25 years from now won`t be very much debt at all.
But the problem with my analysis obviously is that I believe that Africa needs financing on 30 year borrowing , not on 5 year Euro Bonds, which is nonsense! Because development is a 30 year process…
But you have lots of sources of capital and by the way, the cost of a thirty year loan , AAA is 3%. Imagine if Africa could finance its development at 3%. 30 year borrowing. Believe me , the issues would be finished! Because you would be on your way, this would be the biggest construction site in the whole world history, roads, power, housing, new factories.
Now the problem is that Africa right now borrows at 13% on 5 years. This Euro Bond stuff is useless, worse that useless! I wouldn`t take any borrowing with less than 20 year maturing, anything. Because you cannot run development on a year by year basis. And that is what Prof Oromo was just showing, all these [up and down/high and low] swings are just finance swings. Commodity prices are high, finance is easy, you borrow, commodity prices come down, finance is tough, then austerity. All that Africa is suffering is finance swings. (All emphasis original)
Read the full transcript below provided by PD Lawton, created of the blog: africanagenda.net
Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in economic development policies for Africa for over 30 years. He is a teacher, writer, public speaker, and consultant on Africa. He is also the creator of the blog: lawrencefreemanafricaandtheworld.com. Mr. Freeman’s stated personal mission is; to eliminate poverty and hunger in Africa by applying the scientific economic principles of Alexander Hamilton
Lawrence Freeman with Dr. Brook Hailu of nahoo tv, December 22, 2022, Addis Ababa, Ethiopia
This hour long interview above provides an excellent overview of my thoughts concerning Ethiopia, Africa, and US-Africa relations. Topics discussed include:
Economic development
Ethiopia’s agricultural potential
Ethiopia as an economic model
Ethno-nationalism
Importance of capital intensity and infrastructure
Credit and the public sector
Alexander Hamilton
China’s approach to poverty
Railroads and electricity
My visit to Northern Ethiopia and the Grand Ethiopian Renaissance Dam
Africa, the center of politics and commerce in this century
U.S.-Africa Summit
Lawrence Freeman looking over the huge beautiful reservoir and ongoing construction of the Grand Ethiopian Renaissance Dam -Dec 19, 2022
Lawrence Freeman is a Political-Economic Analyst for Africa, who has been involved in economic development policies for Africa for over 30 years. He is a teacher, writer, public speaker, and consultant on Africa. He is also the creator of the blog: lawrencefreemanafricaandtheworld.com. Mr. Freeman’s stated personal mission is; to eliminate poverty and hunger in Africa by applying the scientific economic principles of Alexander Hamilton
