I have said it before and I’ll say it again, foreign businesses in Kenya aren’t exclusively from the west. And yes, Kenya is a capitalist country, but do you have any proof that their policies restrict government intervention? Because there is no private sector in the world that is completely unregulated! Government intervention will always occur. Operating a business abroad, especially in developing countries could be advantageous due to several factors such as lower labor wages, lower corporate taxes, a booming consumer market etc, but it seems to me that any country that has investments from the west is somehow wrong because it has given up its autonomy to such businesses. And this is ridiculous because places like Hong Kong and Singapore are THRIVING because of foreign businesses. Have they lost their autonomy to foreign powers?
The western world has been stereotypically labeled as an imperialistic force, which is absolutely true. But if you think that imperialism is strictly a western characteristic then you’re wrong. How many times has China threatened to control several countries’ assets because they failed to pay back China’s hefty investments? If you say that investments from the west are bad because you’re anti-capitalism but you neglect to mention China’s imperialistic approach then you’re an idiot. And you’re biased and naive. It fascinates me that this conversation is geared towards capitalism and communism while the main arguments could simply be based on the respective countries’ approaches to attracting investors. Shame on you.