By Jaye Gaskia
In the 19th century, Karl Marx in explaining the rise and logic of capitalism, as well as its eventual collapse, had used the concept of primitive accumulation of capital by the rising capitalist class. This process involved not only large scale corruption, grand theft of public property, but also state patronage and the dispossession of million of peasants of their land in the enclosures.
Mature capitalism have since found ways to legitimise some of the processes which subverted popular will and converts collective wealth into private wealth, while also punishing the most ‘odious and detrimental’ practices capable of being counterproductive for capitalist stability.
This is why corruption and state patronage have been permanent features of governance by the rising Nigerian capitalist ruling class since independence.
However, this process of primitive accumulation has been taken to new heights in the last few years. The simple reason is that the most insecure and hitherto disadvantaged, as well as most inadequate and inept fraction of the ruling class has now been brought into power. It must therefore play the wealth accumulation catch up game. It must seize the moment to loot ruthlessly and ceaselessly or perish! This explains the grandiose scale and scope of corruption of the last few years. This is why it must intensify the primitive accumulation. And it is why we have no other choice but to change the system now.
– Jaye Gaskia