Monopolies Verses Local Economies

 

When we work with the teeming youth of a nation, we realise that we must have hope for the future. A major part of this hope comes from economies of JUSTICE.

Corporate monopolies centralise power. For revived local regions there must be decentralisation of economic power.

A monopoly situation can be defined as a state where too much economic power is concentrated in too few hands.

For local development, employment, opportunity, and allowance for the ingenuity of youth, local communities must own and develop their own resources.

When my wife and I first came to Nigeria in 1986, we saw so many small industries owned by people we knew. Kano and Kaduna were major African textile producers. All these have been closed down and taken away or bought out by very big, centralised corporations.

This is why we have banditry.

These big corporations bribe governments around the world to pass laws in their favour. These bribes are called “lobbying gifts” or “campaign financing.”

Britain and America have set up offshore secret banking, allowing these corporations to funnel billions of dollars away from developing nations. All of this money belongs to the local communities and to their infrastructure, educational and health development.

These secret offshore accounts can also be used to finance nefarious activities, like insurrection, because the flow of funds is very difficult to trace. These secret offshore accounts must be closed by the governments.

It is the duty of governments to protect local communities and the teeming youth from the power of monopolies, from monopolies taking over resources from local ownership, and monopolies’ control of labour markets and their ability to reduce wages. Governments must break up monopolies and not allow them to grow in the first place.

Third, the International Monetary Fund and the World Bank, make loans to nations to take control over the nations through indebtedness. This enables global corporate powers to take over and control the resources of local communities. This devastates local wealth, bringing poverty. These debts must be cancelled, by what is called “Jubilee.”

Without Jubilee, we cannot have peace. With Jubilee, youth will have a future, and peace will reign. I say again, If the international community truly cared for our youth and their future, they would initiate full banking Jubilee now, without delay.

Forth, institutions like the United Nations have in large extent been taken over by private corporate interests. This allows enemies like terrorists and viruses to grow unchecked because they become profitable to corporations involved in bringing “on going solutions they sell,” but that never eradicate the problems.

The United Nations, when influenced by these corporations, sees the teeming youth as the problem, the disease (the “over population: a debit”) and not as a great credit, to be supported, trained and encouraged for a bright future. We must not see our youth as the problem, but as wonderful blessings to be built up. The Government must take back organisations like the United Nations and not allow them to be controlled by the private corporate sector.

Fifth, health has been centralised and taken over by large pharmaceutical monopolies, which now largely control organisations like the World Health Organisation. This also must be stopped by government regulations. Local health development, local scientific research, the development of local drugs with local herbal remedies, must be encouraged, to once again lift our local economies and wealth.

Take Professor Wannang (Professor of Pharmacology, Jos University) and his recent laboratory tested treatments for example, useful for Covid and malaria. When local science is no longer squashed by global monopolies, our university graduates will have jobs and our farmers will have wealth.

We have a vision of local communities being released from global corporate corruption, to once again flourish in JUSTICE. We owe it to our youth. The policies that work and must be enacted are clear as light.


Prof. Kent Hodge

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