US EditionWhy Africa is Rejecting Liberal Economics, and Why the West Should Worry - 1828 - Championing Freedom
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Why Africa is Rejecting Liberal Economics, and Why the West Should Worry - 1828 - Championing Freedom
In 2023, the President of Nigeria scrapped decades-old fuel subsidies. Protests erupted. The price of petrol tripled overnight. Within months, the government subtly reintroduced the subsidy. This wasn’t an isolated retreat, it was a signal. Throughout Africa, the free market is losing ground. From Ghana reimposing price controls to Kenya hiking tariffs on essential goods, liberal economics is not in crisis in Africa, it is in retreat. Spiralli…
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