Beautiful Virgin Islands

Saturday, Jul 25, 2026

A mosaic of Marcus Garvey and one of his famous quotations are displayed in the courtyard of Liberty Hall in downtown Kingston, Jamaica on September 11, 2012 [File: AP/David McFadden]

Black lives will not matter until the economy does

It is time to drop the Western exploitative neoliberal model and build a pan-African prosocial collaborative economy.

In the wake of George Floyd's killing by police officers in the United States and the global movement for Black lives, there has been a resounding call to re-examine the relationship between society and state, particularly its use of violence. Yet a meaningful conversation is lacking in relation to one aspect of this failing social contract - the innate structural violence of our current global economic system.

A closer look at African American history provides us an important lead that could help us start this conversation: the life and work of the Honourable Marcus Mosiah Garvey.

Born to a maid and stoneworker in 1887, Garvey grew up in an impoverished community in rural Jamaica. In 1905, he migrated to Kingston, the island nation's capital, where he became involved in trade unionism and political activism after witnessing the struggles of the labouring class.

Drawn to the anti-colonial thinking he encountered by joining the then-National Club of Jamaica, Garvey became an autodidact by nature. His thirst for knowledge would lead him to journey across Central America and live in London from 1912 to 1914 in a quest to understand the global Black condition.

Upon his return to Jamaica in 1914, he founded the United Negro Improvement Association (UNIA), with the aim of fostering international unity among peoples of African origin on the premise of economic self-sufficiency. Garvey was a pioneer who epitomised both the enterprising spirit and collective self-determination of Black people across the world. The aspirations of his movement, alongside the lessons from its failures and successes, frame an important discussion around the nature of systemic outcomes.

"The Negro is perishing because he has no economic system," he famously said in his 1937 collection of 22 philosophical lessons, which he called Message to the People: The Course of African Philosophy.

In this same work, Garvey demonstrates that he understood perfectly well the necessity of designing an economic system that serves the needs of African people globally. Further along, he observed the consequences of systemic economic exclusion and its propensity to reproduce the conditions that ensure the continuation of systemic deprivation - a cycle he deemed impossible to break without the removal of poverty. In Garvey's opinion, nationalism that hinged on individual advancement alone becomes fundamentally corrupt and unsustainable.

By advocating that "wealth is power, wealth is justice, wealth is real human rights", he sought to spur community development by promoting a collective decision-making and profit-sharing model that advances the interests of Black people in America and beyond.

In Garvey's 1921 recorded UNIA speech, the Explanation of the Objects of the Universal Negro Improvement Association, he asserted the idea that Black communities needed to develop an ideology and an economic modus operandi that would lead to their economic development. He was not speaking of merely duplicating capitalistic ideas, but of the creation of an innovative economic "African commonwealth" where Black people could maximise their collective interests and be recognised as equals. Political and social objectives were secondary to this entrepreneurial mission, as his philosophical works later affirmed that economic achievement is the primary determining factor of societal power dynamics.

Garvey's teachings invoke a deep reflection - namely, in order to deconstruct the inner workings of an economic system, we ought to first determine what it aims to accomplish.

First-principles reasoning around this matter necessarily urges us to question what the primary function of an economy is, and who or what it serves? The word "economy" itself can be traced back to the Greek word oikonomos, meaning "household manager". In other words, its etymology implies the deliberate management of available resources so that our common household (i.e., people and planet) can not only survive, but prosper.

Economics is our value system codified as equations that determine how much value we assign one thing relative to another. Accordingly, this determines what we are incentivised to do and what we confer power to. If an economy seeks to transform society, it is imperative that we infuse our values into it so that it accounts for our wellbeing. How a community, country or region chooses to measure its economic wellbeing shapes how priorities are set and how resources are allocated. We should then agree that at a bare minimum, the components that form an economy's genetic composition ought to positively encourage human and planetary wellbeing.

The embedded growth obligation of our present-day market economy generates an untenable paradox: It permeates and commodifies everything by incessantly pursuing profit and constant growth. It requires marketing and advertising to spawn mass zombification in favour of never-ending debt and cyclical consumption. It exterminates economic efficiency and generates copious amounts of waste through planned obsolescence and suboptimal design.

It suppresses the efficiencies and productivity of collaboration by treating ideas and information as proprietary (i.e. intellectual property), resulting in waste through unnecessary intellectual repetition. It preserves a general condition of scarcity and short-term gains premised entirely upon the need for real or assumed deficiency. It deliberately withholds social efficiency by poorly harnessing accelerating technological progress and automation, not for the benefit of liberating human beings from drudgery and scarcity, but rather, to drive further economic insecurity through technological unemployment and meaningless jobs.

Quite predictably, all of the above-mentioned circumstances have resulted in a noxious state of planetary imbalance that is fuelling socioeconomic inequality, poverty, exploitation, mental health issues, antisocial behaviours, habitat destruction, pollution, ecocide and biodiversity loss, among other negative externalities.

The market system of economics is made to allocate capital to the most profitable endeavours, not the ones that are most socially beneficial. This is most evident across the innumerable social institutions, banking establishments, political groups, media organisations, scientific bodies, health authorities, military, pharmaceutical and agricultural industries, etc, that have either been seized or compromised by market actors seeking asymmetric advantage.

The inefficiencies created by humans vying for positions of power in this losing game pose an existential threat. Market capitalism has outlived its evolutionary purpose and has degenerated into a malignant cancer.

An economy that is not intrinsically linked to human and environmental needs, while powered by chronic debt and consumerism, is not an economy at all. If anything, it is patently anti-economic.

In Garvey's time and today, what we have commonly understood to be the economy is, in effect, a fraudulent paradigm masquerading as an axiom of economic value. And Western civilisation has constructed and disseminated a monumental edifice of theory to assert its dominance based on this destructive model of market capitalism.

The basis of this thinking must move African economic development away from a Western-inspired exploitative ethos to an African-inspired collaborative ethos.

Followers of Garvey's teachings must, therefore, prioritise dismantling the neoliberal political paradigm at the centre of their economic organising programme for African liberation. They must strive to transcend the market's crude and reductionist "supply, demand and price" dynamics. Properly embracing the tools of modern technological capacity provides a solution to better interweave, measure and account for the humanitarian values we deem socially desirable in a new economic system.

These elements require deep cooperation in order to outcompete the very concept of competition itself, by creating a prosocial environment where the benefits of generosity, sharing and transparency must outweigh the profit of non-cooperation at all times - while simultaneously rendering it antifragile in order to endure any exogenous sabotaging forces on this new system.

Rethinking economic development and pan-African solidarity in new terms will require exceptional leadership and tremendous courage. Only by ending economic mismanagement can true efficiency and abundance flourish. The people who are best positioned to transform the world's destructive systems and structures into something more humane and secure are particularly those who have been most betrayed by the existing systems. Those who are in the greatest danger of perpetuating old system patterns are the ones who have most profited from them.

From the perspective of historical significance, Garvey proved to be the spark that reignited African dignity through collective endeavour. While he was never afforded the opportunity to fully realise his entrepreneurial aspirations, he provided a blueprint for developing collective entrepreneurial ventures.

His legacy is that of a pragmatic introduction to the promise of pan-African principles and courage - a legacy that must now be carried forward by young innovators across the African continent and her global diaspora.

Now more than ever, humanity needs a century driven by exemplary pan-African leadership that is not fearful of transforming societies and communities into a superorganism of cooperation. All power is weak unless united, let us not shy away from our own divine potential - for no one will save us but us.



* Fabien Anthony is an accomplished tech entrepreneur and current Chairman of the Pan-African Council.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Badenoch Rejects Grant Shapps' Bid to Return as Conservative Candidate
BAE Chief Warns Britain Has Underestimated the Risk of War
Burnham Rules Out New Scottish Independence Referendum in First Talks With Swinney
OpenAI Sued After ChatGPT Allegedly Discouraged Emergency Care Before Near-Fatal Embolism
Viral Video Raises Questions Over Twelve-Dollar Croissants at Manhattan Bakery
Miliband Sets Climate and International Law at Centre of UK Diplomacy
US Gasoline Returns to $4 as Renewed Iran Fighting Disrupts Oil Flows
Czech Central Bank Governor Rejects Early Euro Entry and Rate-Cut Pressure
Trump Orders 50% Tariffs on Selected Canadian Imports
Pentagon Discloses Nearly 100 US Troop Injuries During Renewed Iran Fighting
Trump Readies New Tariffs as Temporary Global Levy Nears Expiry
EU Imposes Record €550 Million Digital Services Fine on AliExpress
London’s Housing Starts Collapse as Planning and Building Costs Stall Development
Charlie Sheen’s Daughter: "My Dad Didn’t Buy Me a House, My Breasts Bought It"
Vivienne Westwood Casts Cicciolina, 74, in Its New Autumn Campaign
Dejavu: Germany’s Military Expansion Reshapes Europe’s Strategic Balance With France
Naturally Conceived Identical Quadruplets Born in Rare Brisbane Delivery
Tate Brothers Fight British Extradition Bid After Miami Arrests
Burnham Reshapes Britain’s Government Around Living Costs, Devolution and Security
Jingye Demands Full Compensation After Britain illegally Nationalized British Steel
Just Another Liar or a Robin Hood? Andy Burnham Pledges Cost-of-Living Help in First Speech as UK Prime Minister
Morgan Stanley Builds a Wall Street Lead in AI Infrastructure Finance
High Prices Push Coffee Drinkers Toward Whole Beans and Home Brewing
Trump Draws Boos and Podium Scrutiny at Spain’s World Cup Triumph
Brilliant move: Péter Magyar Moves to Nominate Chess Grandmaster Judit Polgár as Hungary’s President
Spain Defeats Argentina in Extra Time to Win Second World Cup
Police Block Cockroach Janta Party’s March to Parliament as Education Protests Intensify
Current AI Seeks to Build an Open Global AI Infrastructure Outside Big Tech Control
Turkey Explores S-400 Transfer to UAE in Bid to Rejoin F-35 Program
Germany’s Economic Malaise Reopens the Sunday Shopping Debate
Singapore Considers Lower Taxes for Fund Managers as Hong Kong Intensifies Talent Contest
US Retaliates Against Iran After Two American Troops Killed in Jordan
Bank of Asia BVI Enters Court-Supervised Liquidation After Regulators Find It Insolvent
Proposed U.S.-Saudi Nuclear Pact Could Permit Limited Uranium Enrichment Under International Safeguards
Netherlands Declares Water Shortage Emergency After Drought Pushes Rivers to Historic Lows
Why Kentucky Fried Chicken Became KFC—and Why the False Explanations Persist
Iran Claims It Destroyed Bahrain’s Main Artificial Intelligence Center in Missile and Drone Strike
Ukrainian Drones Strike Wildberries Warehouses Deep Inside Russia
Brothers Andrew and Tristan Tate Who Turned "Toxic Masculinity" Into a Brand Arrested in Miami as Britain Seeks Their Extradition
Reported CIA Mission Helped Clear the UAE’s Path to Advanced US AI Chips
Artificial Intelligence Capital Fuels Markets While Governments and Regulators Face Mounting Strategic Tests
China’s Moonshot’s Kimi K3 Narrows the Gap With Anthropic Through Scale, Openness and Lower Cost
Gold and Cash Seizure Puts Indonesia’s Senior Anti-Corruption Prosecutor Under Investigation
The Ledger Will Not Trust on Faith
Trump Administration Pressures Banks to Restrict Financial Access for Undocumented Immigrants
Passenger Bound for Germany Refused to Sit Beside a Woman on a Plane — Then Slapped a Flight Attendant
Ukraine’s Leadership Rift Spills Into the Streets as Protesters Target Army Chief
Ukrainian Drone Barrage Kills Eight and Strikes Russian Logistics Network
The Ten World Cup Finals That Defined Football History
Smartphones Are Getting More Expensive, Sales Are Collapsing, and Even Apple Admits: "Prices Will Rise"
×