By Aquino De Braganca, Immanuel Maurice Wallerstein
Publication through De Braganca, Aquino, Wallerstein, Immanuel Maurice
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Extra resources for African Liberation Reader: Documents of the National Liberation Movements : The Anatomy of Colonialism
Relative to Portuguese, foreign investment has always played a dominat ing role in the overseas territories although in absolute terms, and compared with recent developments, it has not been so very large. ' This situation can be traced back to the beginning of the century when the chartered company was established as the instrument of control - like the Cia da Mocambique which had sovereign rights over the province of Manica e Sofala and was financed by British, French and Belgian capital. This branch of foreign involvement is manifested today in some of the large plantation and transporting companies like Sena The PortugueseEmpire Sugar Estates, the Benguela Railway and DIAMANG.
However, Salazarism, the viewpoint of the ultra-colonialist elements of the bourgeoisie, has succeeded in the short run in postponing the disaster that the loss of the colonies would represent to the Portuguese bourgeoisie by preventing the increasing conflicts between the opposing elements within the Portuguese ruling classes from exploding. The unstable equilibrium of the Portuguese bourgeoisie rests at one and the same time on the intensification of repression in the colonies and on the appeal to foreign capital.
They have been discussing the possibilities of coal, petroleum, natural gas, asbestos, bauxite, iron, titanium, beryl, colombo-tantalite, lepidolite, crome, nickel, bismuth, gold, silver, uranium, diamonds, microlite, tourmaline and mica. Ever since the discovery in 1965 of natural gas in Pande (not far from Beira) all the Western powers have been eager to prospect for oil and natural gas in Mozambique, for the geological signs are all favourable. The Portuguese government has granted concessions to over one dozen companies, coming from the USA, West Germany, France and South Africa.
African Liberation Reader: Documents of the National Liberation Movements : The Anatomy of Colonialism by Aquino De Braganca, Immanuel Maurice Wallerstein