Taking the title of his book (Architects of Poverty: Why African Capitalism Needs Changing) for instance, since when is capitalism regional or racial and/ or for that matter ethnically, racially or continentally defined as Xhosa, Zulu, Tswana, Sotho, Swahili, European, Indian, American, White or Black mode or type of capitalism. What is the meaning of the term African Capitalism? And just for interest sake, what will be the defining or discriminating issue(s) of these modes or types of capitalism? The number of females invested who have invested in it? And if there is African capitalism there should also be an Indian capitalism, Chinese capitalism etcetera and in the individual cases what are the defining and discriminating factor(s).
For starters there is only capitalism not African capitalism. To claim Africanism stinks of (white) stereotyping and cliché which basically emanates from white reactionaries. Further regarding the claim that Africa in its development efforts has received a lot of assistance from the West but to no avail Moeletsi should know that unlike what he professes the West really has not done much to assist the African countries. African initiatives once they do not coincide with Western interest are always sabotaged or schemes are put in place to remove initiators of such initiatives.