Hernando deSoto explained the problem in definitive detail years ago in The Mystery of Capital. Rule of law, enforcement of contracts, deeds to land for a start. But you can’t graft these western principles on to closed minded tribal thinking. Same as Haiti, btw, not just black Africa.
Hati is Black Africa
Hernando de Soto (economist)It is amusing you write, "But you can't graft these western principles on to closed minded tribal thinking." I think it might be true today that "these Western principles" have been abandoned by the DC politicians and administrative state bureaucrats...Capitalism is essentially the economic system of poor people.
You can list those things but the number one reason societies flourish is the moral character of its citizens. What happens to a country without a conscience? We’re about to find out. Wake me when you see a criminal express remorse for their crimes!