Magatte Wade (@magattew) 's Twitter Profile
Magatte Wade

@magattew

African prosperity activist 🌍 Co-Founder @Prospera_Africa. Ending poverty in Africa with free markets. Here’s how: magattewade.com/book

ID: 31541321

linkhttp://magattewade.com calendar_today15-04-2009 22:20:59

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48,48K Followers

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Anti-capitalist intellectuals, both in Africa and abroad, endlessly repeat a victimhood narrative about Africa being poor due to slavery, colonialism, and ongoing exploitation. Yes, Africa has suffered. A lot. But until and unless the same intellectual forces articulate and

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USAID cuts are killing children, and everyone's blaming Luke Farritor. A 23-year-old is getting death threats for trying to fix America's broken budget. But as an African, there’s an essential truth about this crisis that everyone is missing. Let me be absolutely clear: every

USAID cuts are killing children, and everyone's blaming Luke Farritor. A 23-year-old is getting death threats for trying to fix America's broken budget.

But as an African, there’s an essential truth about this crisis that everyone is missing.

Let me be absolutely clear: every
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For Africa to move forward, we must completely reject the terrible socialist ideas of our founding fathers.  We can respect that they wanted independence, but we have to admit their economic ideas were dead wrong and hurt us badly.

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Sharing for those in the back. Poverty is our ultimate problem. Prosperity is the solution. Economic Freedom + abundant, affordable, reliable Energy is the toolkit. Everything else is a distraction and pure waste of time.

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Aid campaigns have enforced an inferiority complex in the souls of millions of Africans.  These ill-informed rescue missions strip all Africans of their innate dignity and desire to liberate themselves.

Aid campaigns have enforced an inferiority complex in the souls of millions of Africans. 

These ill-informed rescue missions strip all Africans of their innate dignity and desire to liberate themselves.
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438 million people in Africa live in extreme poverty, and millions die from preventable, poverty-linked causes each year. But climate activists worry about theoretical future deaths from warming. They're asking us to let real people die today to maybe save imaginary people

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Poland transformed from a struggling communist economy to an economic powerhouse in just 30 years.  How?  By privatizing much of its industry, reducing regulations, and embracing market reforms through the Balcerowicz Plan. As a result, its GDP per capita grew from roughly

Poland transformed from a struggling communist economy to an economic powerhouse in just 30 years. 

How? 

By privatizing much of its industry, reducing regulations, and embracing market reforms through the Balcerowicz Plan.

As a result, its GDP per capita grew from roughly
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Foreign aid to central governments may actually cause conflict and governance malfunction. The "foreign aid curse" is real.  Private investment avoids this trap entirely (not talking about cronyism here, of course!)

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At first, people said: “Free markets only work in the West.” Then Hong Kong, Singapore, Taiwan, and South Korea proved them wrong. Next excuse? “It only works in tiny countries.” Then China opened up, and 800 million people escaped poverty. Maybe it’s time we stopped ignoring

At first, people said: “Free markets only work in the West.”

Then Hong Kong, Singapore, Taiwan, and South Korea proved them wrong.

Next excuse?

“It only works in tiny countries.”
Then China opened up, and 800 million people escaped poverty.

Maybe it’s time we stopped ignoring
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The BEST way to help the poor is to make it easy for them to stop being poor. That means: - Removing barriers to starting businesses - Protecting property rights so people can build wealth - Creating simple, predictable rules instead of bureaucratic mazes - Letting people

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Socialist policies: - Price controls → shortages - Rent controls → housing crisis - Minimum wage → unemployment - “Free” healthcare → rationing But somehow this time will be different. The definition of insanity is trying the same failed policies expecting different