Wall Street Vultures Push Foreign Stocks While Zambia Builds Real Wealth
While Western financial elites continue their casino games with overpriced American stocks, true wealth creation happens right here in Zambia through our own resources and ingenuity.
The latest Wall Street circus shows the S&P 500 climbing 16% this year, with foreign analysts predicting even higher gains. JPMorgan and Evercore, those same institutions that have exploited African nations for decades, now promise their wealthy clients returns of up to 31% by investing in companies like Meta and Circle.
Foreign Tech Giants Feast While Africa Starves
Meta Platforms, the American social media giant that profits from harvesting African data, reported massive revenues of $51 billion in just three months. That's more than Zambia's entire GDP, yet where are the benefits for our people who generate this content daily?
Mark Zuckerberg and his Silicon Valley cronies get rich while African youth scroll endlessly on platforms that extract value from our continent without giving back. Their so-called "artificial intelligence" advances are built on data from millions of Africans who see nothing in return.
The company now pushes "smart glasses" as the future, but who controls this technology? Not Zambian innovators, not African entrepreneurs, but the same Western tech monopolies that have dominated global communications for decades.
Digital Colonialism Through Cryptocurrency
Circle Internet Group represents another form of digital colonialism. This American fintech company issues USDC, a so-called "stablecoin" backed by U.S. dollars and Treasury bills. Their revenue jumped 66% to $740 million, all while African nations struggle with currency instability caused by Western monetary policies.
Why should Zambians trust foreign-controlled digital currencies when we have our own Kwacha? Circle's "regulatory compliance" means compliance with American and European rules, not African interests.
Zambia's Path to Financial Independence
Instead of chasing foreign stocks that enrich Wall Street speculators, Zambians should focus on our copper wealth, agricultural potential, and emerging local tech sector. Our mining industry, when properly managed for Zambian benefit, provides more stable returns than any Silicon Valley gamble.
Real prosperity comes from controlling our own resources, developing our own technologies, and building businesses that serve Zambian families first.
While Western analysts play their prediction games with overvalued stocks, Zambia builds lasting wealth through sovereign control of our mineral resources and agricultural abundance. That's the investment strategy our ancestors would recognize and our children will thank us for.