By Aquino De Braganca, Immanuel Maurice Wallerstein
Publication through De Braganca, Aquino, Wallerstein, Immanuel Maurice
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Additional resources for African Liberation Reader: Documents of the National Liberation Movements : The Anatomy of Colonialism
In all this a unique phenomenon is clearly apparent: the wealth stolen by Portugal, rather than assisting its modernization, was used in the industriali zation of other European countries. The Portuguese pirates came to the colonies to rob the spices, the gold, the ivory from India and Angola for the Dutch to industrialize their country! And later, during the Kingdom of John III, faced with constant pressure from the numerous creditors, the pirate king decided to entrust the Jewish bankers with the mission of settling the debts of the nation; with great stupe faction the bankers arrived at the conclusion that, in order to pay for the deficit in the balance of payments, an amount was needed more than four times the annual revenue of the nation itself.
The lack of domestic capital has always made members of this group receptive to links with foreign companies, but the fear that foreign capital could swamp them and usurp their control over the economy has also won widespread support for the pre-1961 restrictive policy. This conflict was disguised during the height of the Salazarist period but the influence of the 'outward-looking' capitalists within the government can be demonstrated by the fact that even in 1958 more than 48 former ministers and Salazarists, four governors of Angola and four ambassadors held director ships in the largest companies, most of which were foreign.
In fact, the policy of encouragingthese companies is part of the Portuguese war against the people of Mozambique. Portuguese Colonialism in the Age of Imperialism CONCP Extractfrom a pre-conference discussion document prepared by CONCPfor the InternationalConference of Solidarity held in Rome in June 1970. Portugal, the least advanced of the imperialist powers, has held on to its colonies in Africa - Angola, Guinea Bissau and Mozambique - longer and more desperately than any other. In the process its subordinate role in the world imperialist system has deepened: the last of the colonial powers is now little more than a neo-colony itself.