The debt crisis, Africa and the new enclosures – Silvia Federici

That the debt crisis is a productive crisis for capital is nowhere as visible as in Africa. For the policies the debt crisis has generated have served to “rationalize” class relations, and to tackle the most vexed question of capitalist development in the continent: who owns the land? It is an axiom of development theory that capitalist industry cannot be created without a rationalized agriculture. But rationalization is not merely a matter of obtaining tractors and fertilizers. Privatizing land tenure is infinitely more important, and it is in this context that the debt crisis has most revealed its utility.