Walter Rodney - Gold Quotes

4 Sourced Quotes

View all Walter Rodney Quotes
It is said that Ghana obtained its gold by silent or dumb barter which was described as follows: "The merchants beat great drums to summon the local natives, who were naked and lived in holes in the ground. From these holes, which were doubtless the pits from which they dug the gold, they refused to emerge in the presence of the foreign merchants. The latter, therefore, used to arrange their trade goods in piles on the river bank and retire out of sight. The local natives then came and placed a heap of gold beside each pile and withdrew. If the merchants were satisfied they took the gold and retreated, beating their drums to signify that the market was over."

Walter Rodney
There were no roads connecting different colonies and different parts of the same colony in a manner that made sense with regard to Africa's needs and development. All roads and railways led down to the sea. They were built to extract gold or manganese or coffee or cotton. They were built to make business possible for the timber companies, trading companies, and agricultural concession firms, and for white settlers. Any catering to African interests was purely coincidental.

Walter Rodney
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).

Walter Rodney
Europeans were anxious to acquire gold in Africa because there was a pressing need for gold coin within the growing capitalist money economy.

Walter Rodney