Gold is required in large quantities only in a society which produces a very large economic surplus and can afford to transform part of that surplus into gold for prestige purposes (as in India) or into coinage and money to promote capitalism (as in Western Europe).


p. 106. - How Europe Underdeveloped Africa (1972)

Walter Rodney Quotes

Gold is required in large quantities only in a society which produces a very large economic surplus and can afford to transform part of that surplus...

Gold is required in large quantities only in a society which produces a very large economic surplus and can afford to transform part of that surplus...

Gold is required in large quantities only in a society which produces a very large economic surplus and can afford to transform part of that surplus...

Gold is required in large quantities only in a society which produces a very large economic surplus and can afford to transform part of that surplus...