Architects of Poverty by Moeletsi Mbeki

Moeletsi Mbeki author of the recently published Architects of Poverty discusses the flawed capitalism practiced in the continent.Regarding the elite:

They have no capital like a typical bourgeoisie. They don't create wealth; they are a parasitic elite that lives off the existing assets which they didn't create.It is the same with the BEE tycoons in South Africa. They are living off the assets handed to them by existing companies. They are not a bourgeoisie; yes, they are wealthy but they are not capitalists.