Africa have been exploited by the West for way too long but with development channel, introduction of compassionate capitalism, there is going to be an economic revolution in Africa through the spirit of Pan-Africanism.
At no point in recent history have calls for Africa to industrialise been stronger than they have been lately.
Industrialisation of Africa which will lead to economic imperialism has been a campaign promise across the African continent, with its acknowledged ability to bring prosperity, new jobs and better incomes for all. Yet the continent is less industrialised today than it was four decades ago.
African philosopher, Charles N Lambert, proposes that an African solution to lack of development in marginalised communities for the world is the principles of compassionate capitalism, empathy-driven innovations in business. Indeed, compassionate capitalism or capitalism with a human face is finding many takers both in the developed Western world and in the developing and emerging world in Asia and Latin America.
It needs to be mentioned that in these times of planetary crisis where the COVID-19 pandemic and climate change are threatening the very existence of civilisation, where gross income inequalities and the obscene wealth gap is leading to social unrest, and where the ever accelerating technological change threatens the social contract on which our relations with the world are based, compassionate capitalism is no longer an abstract and remote concept, but something that we need on an urgent basis.
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