Nkrumahism, The Can Of Worms I Opened – Galbraith Another Failed Prophet

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J. D. Mahama 8 years ago

Francis Kwarteng is a failure and therefore don't any attention to his useless write-ups.

Francis Kwarteng is a failure and therefore don't any attention to his useless write-ups.
Kojo T 8 years ago

PK makes a sad error.Most writers say ÄLL THINGS BEING EQUAL' Scientifically nothing is static , so when you make a projection ,this becomes a simplification. Obviously PK has not done simple maths to recognize y= mx +c .Now ...
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PK makes a sad error.Most writers say ÄLL THINGS BEING EQUAL' Scientifically nothing is static , so when you make a projection ,this becomes a simplification. Obviously PK has not done simple maths to recognize y= mx +c .Now why compare Galbraith an academic with Form and GM .Capita;ism and is just private ownership of capital and Ford an entrepreneur.Galbraith was writing in the theoretical mode and making predictions depending on a constant environment. What we should accept is CHANGE takes place and Humans are ADAPTIVE.He makes the same error when criticizing Marx and Malthus and the other writers.
Mahmoud 8 years ago

Busia did not say that he was going to stay in power indefinitely, and he did not declare Ghana as a one-party state either. Moreover, he was given a 5year mandate to deliver for Ghanaians to judge whether to extend his tenur ...
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Busia did not say that he was going to stay in power indefinitely, and he did not declare Ghana as a one-party state either. Moreover, he was given a 5year mandate to deliver for Ghanaians to judge whether to extend his tenure or go for a different leader. But the communist leftovers got panicked and overthrew him prematurely because they were afraid of his achievements. Truly, the man knew exactly what he was coming to do for Ghana and hit the ground running from day one.

On the other hand, Nkrumah had been in power for sixteen years and turned himself into a president for life. In the sixties, the country almost went bankrupt politically and economically and Ghanaians yearned for a change. But unfortunately, since Nkrumah shut all the doors that would enable them exercise their political will, and change him democratically through the ballot box; the only option left to them was a military coup. Therefore, the coup that removed Kwame Nkrumah from power was the only legitimate coup in the history of Ghana.
Kwame Tawiah 8 years ago

My brother Mahmoud,remember Ghana became a one-party state through an act of Parliament.It was a democratic process in which CPP were the majority.

My brother Mahmoud,remember Ghana became a one-party state through an act of Parliament.It was a democratic process in which CPP were the majority.
C.Y. ANDY-K 8 years ago

Oga Baidoo,

It is a petty I couldn't manage to follow properly and comment on the exchanges so far. In fact, couldn't even complete reading some. But what I have gleaned so far is that you aren't quite impresssionable with ...
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Oga Baidoo,

It is a petty I couldn't manage to follow properly and comment on the exchanges so far. In fact, couldn't even complete reading some. But what I have gleaned so far is that you aren't quite impresssionable with your anyalsis. Francis has been shredding you into pieces quite easily. And he could this too.

Now, in this particular piece, the holes are gaping for anyone with a clue to see through,

If market forces were that superb, there would have been the load of state interventions to prop the system up. Who does not know about the recent bail outs after the credit crunch; just being the more glaring case? All alt those subisidies to farmers in the US and Europe? And there wouldn't have been all that anti-monoply legislations, etc.

Anyway, with all those mergers, we may as yet experience what Marx predicted. Read about Transaction Theory? Methinks it is just a new excuse to rationalise the existence of monopolies.

Andy-K
Kojo T 8 years ago

Andy I do not know the area of specialization of the palooka Joe.He takes things out of context and then hits on Kwarteng and Nkrumah.What has Nkrumah got to do with Galbaith , Ford or GM? rather the melt down and the State i ...
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Andy I do not know the area of specialization of the palooka Joe.He takes things out of context and then hits on Kwarteng and Nkrumah.What has Nkrumah got to do with Galbaith , Ford or GM? rather the melt down and the State interventions "Too big to fail"and the rest show the truism of Marx and Keynes .No one applied Adam Smith to solve the problem Then compare the USA recovery to the economies using the so called market forces. They are still in the doldrums and they ones who barely sneezed like Canada and the Scandinavian countries and China. As they say "Res ipsa loquitur" the facts speak for themselves
SARPONG 8 years ago

Surprised you illiterate idiot is using Canada, China and Scandinavian countries as non capitalist countries to argue your point.

Who told you dumbass those countries are not capitalist economically? China dropped its comm ...
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Surprised you illiterate idiot is using Canada, China and Scandinavian countries as non capitalist countries to argue your point.

Who told you dumbass those countries are not capitalist economically? China dropped its communist and Carl Marx communist economic ideas more than twenty years ago with Soviet Union and joined the capitalist economic bandwagon if you don't know.
Joe 8 years ago

"Surprised you illiterate idiot ....." Sarpong the VULGAR BUFFOON is at it again, heaping insults on anyone that doesn't share his views.

"Surprised you illiterate idiot ....." Sarpong the VULGAR BUFFOON is at it again, heaping insults on anyone that doesn't share his views.
mensah 8 years ago

Too much insults. Why?. Keep insults in your household.

Too much insults. Why?. Keep insults in your household.
C.Y. ANDY-K 8 years ago

Cousin Kojo T,

You're also spot on in pointing out to him that social science predictions are not written on stone, sure to occur like the prediction of a solar eclipse. It is always based on "if..." occurs or does not occ ...
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Cousin Kojo T,

You're also spot on in pointing out to him that social science predictions are not written on stone, sure to occur like the prediction of a solar eclipse. It is always based on "if..." occurs or does not occur. So it is said systems suffer entropy if they don't change in tandem with the external environment in which they operate. It doesn't mean it'd happen to all institutional systems.

In the early '90s, Motorola and Nokia were the rages in the mobile industry. Where are they now? Then came Blackberry, something if you're trendy you must have. Where's Blackberry now?

Anyway, these right-wingers are purveyors of myths, which they perpetuate and insist on are the absolute truths even if provided glaring facts to the contrary! It is often a waste of one's times responding to them. I do so for the sake of the wider readership with an open mind they might otherwise have deceived with their lies and distortions.

The fact that all the newly developed Asian countries reached their present levels through command economies, often brutally pursued by their repressive govts, is an anathema to mention to them. yes, from japan to Thailand. When I saw the mopping up operations against the rural Maoist rebels in Thailand whose lands were seized, I was shocked. Human beings were being killed off like rodents!

A glimpse at Japan. It has been written that prior to WW11 when Japan was industrialising, they sent shiploads of their second rate goods to the Pacific islands controlled by the Americans and the British with Japanese settlers. The Japanese shops must compulsorily stock them and the Jap settlers must compulsorily buy them, with a registers kept for that purpose. If they didn't, there were consequences for the families back in Japan and for themselves should they stepped into Japan!

Well into the 1990s, atomic-bombed and occupied Japan was still implementing the One Grain Policy which prohibited the importation of any food iem with one grain of rice in it! Rather, Japanese were forced to pay 6 times the world price of rice for locally produced rice in the name of internal self-sufficiency in rice production! There was nothing Americans can do except gnashed their teeth and occasionalling indulging in what was then known as Japanese Bashing in order to relieve their anger. Of course, that was not the only item the Japs had tariffs against or banned outfight from importation.

The so-called Asian Tigers had similar systems in place. In short, there was nothing like free trade with the rest of the world, with Western countries allowed unfettered access into their countries. This is simply in recognition of the fact that the Western countries themselves
developed behind similar walls and restrictions imposed by their states. They still have them and are causing developing countries over 100 billion dollars in trade losses annually, according to UNCTAD, etc.!

Anyone remembers the flop Botchwey had when he hired a factory in Germany to produce cocoa butter for sale in the EU in order to avoid the tariffs that wipe off the gains from cocoa butter produced in Ghana. He was trying to emulate the Japs setting up car assembly plants in the EU and America to avoid restrictions on their car exports. Next time the WTO is meeting, he and his ilk should ask what Africa is gaining by being in it, and whether the same rules apply to us.

For many in the LDCs, participation in this Global Apartheid system, other words also called Globaloney, shall remain a zero sum game until they die. And they are dying in their millions in the proxy wars necessary to maintain it, and the famines and diseases associated with it; drowning in their 100s in the Mediterranean trying to escape it! The capitalism produced barbarism Rosa Luxemburg wrote about before her dastardly murder would occur if the logic of capitalism is fully realised unhindered is real and happening. THEY don't have eyes to see it if their intellectual devt fails to grasp it for them!

Andy-K
Philip Kobina Baidoo 8 years ago

Hello Andy, I am not surprised. What possibly can a hardcore socialist say about the ranting of a believer in capitalism. It is expected; I was expecting you to be a bit innovative. Anyway thank you for your input, and enjoy ...
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Hello Andy, I am not surprised. What possibly can a hardcore socialist say about the ranting of a believer in capitalism. It is expected; I was expecting you to be a bit innovative. Anyway thank you for your input, and enjoy the rest of the weekend.
Philip Kobina Baidoo 8 years ago

Little minds.

Little minds.
Kofi Badu 8 years ago

This 1972 born narrow-minded and conceited idiot called SARPONG whose father is a MOSSI from Bourkina Fasso cannot make any meaningful argument.He is always insulting readers who have opposite views and propogating falsehood. ...
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This 1972 born narrow-minded and conceited idiot called SARPONG whose father is a MOSSI from Bourkina Fasso cannot make any meaningful argument.He is always insulting readers who have opposite views and propogating falsehood.What is wrong with this guy?
TT 8 years ago

So Mossis are less human beings? Don't insult our Northern brothers who have close ancestors to the Mossis.

Tamakloe is a confused man.

So Mossis are less human beings? Don't insult our Northern brothers who have close ancestors to the Mossis.

Tamakloe is a confused man.
Kofi Badu 8 years ago

Who is insulting who? Revealing the true identity of irrational and controversial SARPONG is not an insult.I believe you and SARPONG have the same bizarre mindset.

Who is insulting who? Revealing the true identity of irrational and controversial SARPONG is not an insult.I believe you and SARPONG have the same bizarre mindset.
MARCUS AMPADU 8 years ago

As John K. Galbraith famously said, " It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought."
Mr. Baidoo the utter nonsense you have shown by criticizing Rachel Cars ...
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As John K. Galbraith famously said, " It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought."
Mr. Baidoo the utter nonsense you have shown by criticizing Rachel Carson, Paul Ehrlich, & John Galbraith have prevented you and your ilk from researching vigorously, and engaging in robust reflection on the works of these world renowned intellectuals.

Don't tell me you did all that to get to Kwarteng, just for disagreeing with his Nkrumahist views.
Philip Kobina Baidoo 8 years ago

Hello Mr Ampadu, today I think your true colour has slipped through. Thank you.

Hello Mr Ampadu, today I think your true colour has slipped through. Thank you.
MARCUSAMPADU 8 years ago

Deliberately cryptic to serve your interest, but that is not smart P. K.

Deliberately cryptic to serve your interest, but that is not smart P. K.
Philip Kobina Baidoo 8 years ago

Well, Mr Ampadu, you are the smarter one and that is all right. Everything that Philip does is devilish, because it does not fit into your world view. Thank you.

Well, Mr Ampadu, you are the smarter one and that is all right. Everything that Philip does is devilish, because it does not fit into your world view. Thank you.
KING LOMOTEY 8 years ago

Mr. Baid

Mr. Baid

Nkrumahism, The Can Of Worms I Opened – Galbraith Another Failed Prophet

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