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

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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Publication Details

Journal
Filosofia Theoretica Journal of African Philosophy Culture and Religions
Published
2024-12-20
DOI
https://doi.org/10.4314/ft.v13i3.4
Primary Topic
Political Economy and Marxism
Type
article
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article

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

Peter Mwipikeni
Filosofia Theoretica Journal of African Philosophy Culture and Religions
Political Economy and Marxism
article

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

Peter Mwipikeni
article en

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.

Filosofia Theoretica Journal of African Philosophy Culture and ReligionsVol. 13(3)
Openalex Percentile: Top 58%
Political Economy and Marxism
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A critique of Metz’s relational economics in Africa through Marxist political economy — Peter Mwipikeni · Filosofia Theoretica Journal of African Philosophy Culture and Religions (2024) | TGRS Research Map | TGRS