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Dependent Capitalism, Structural Adjustment and Democratic Possibilities in Nigeria's Third Republic

The contemporary crisis of the Nigerian economy and society has once again reawakened the debate on the roots of the deepening crisis and conflicts in the social formation4. Traditional and mainstream explanations and rationalisations, such as insufficient foreign exchange or cash flow in the economy, low productivity of workers, bureaucratic inefficiency and ineffectiveness, punishment by God, dishonesty or insufficient fear of God, etc., have failed to provide holistic and viable explanations of the crisis. Indeed, explanations which fail to understand and expose the role of imperialism and …

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