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A critique of Metz’s relational economics in Africa through Marxist political economy


Abstract

Underdevelopment and poverty are some of the ongoing problems afflicting Africa. Metz diagnoses excessive individualism as one of the main problems that undermines development globally. He does not regard capitalism as the main problem. Metz’s reformist relational economics provides remedies that seek to eliminate excessive individualism by incorporating communal values into the global capitalistic system. On the other hand, Marxist scholars regard underdevelopment and poverty as effects of the intrinsic structural faults of the global capitalist system. These faults include imperialism, primitive accumulation, the creation of a permanent surplus population, and the transfer of value from the Global South to the Global North. In this paper, I use the views of Samir Amin, Michelle Yates, and Rosa Luxemburg to show the limitations of Metz’s reformist relational economics. This paper seeks to use Marxist political economy to contribute knowledge about the plausibility of integrating the global capitalist system with Afro-communal values.


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eISSN: 2408-5987
print ISSN: 2276-8386