This week, 33 years ago, Thomas Sankara, the revolutionary leader of Burkina Faso, was assassinated in a French-backed coup. He aspired to an egalitarian, feminist society, and an economy built on self-sufficiency, ecological regeneration, and independence from Western powers.

As debt crises mount across Africa, his ideas are more vital now than ever. I wrote about Sankara's legacy in these two pages from The Divide:
Today, Sankara's legacy is inspiring a new generation of revolutionary thinkers and activists across the continent and beyond. As Sankara himself put it, with uncanny prescience, “You can assassinate revolutionaries, but you cannot kill ideas”.
Sankara knew his assassination was coming. Speaking to African leaders at the OAU, he said "I would like this conference to clearly declare that we will not repay the debt; we must do it together, to avoid being assassinated individually..."
"...If Burkina Faso is the only one to refuse, I will not be here at the next conference."
"Let's create a united front against the debt. And let's stop competing with each other. Our lands are rich. We have plenty of manpower, and a large market. Let the African market belong to Africans. Let's manufacture in Africa and consume in Africa..."
"...Let's produce what we need and consume what we produce, instead of importing goods. I, along with my delegation, we are dressed by our weavers, with cotton from our farmers. Not a single thread comes from Europe or America. This is how you live with freedom and dignity."

More from History

THREAD: With #silversqueeze trending on Twitter, it appears that this week's market spectacle may well be in the silver market.

A perfect moment for a thread on the Hunt Brothers and their alleged attempt to corner the silver market...


1/ First, let's set the stage.

The Hunt Brothers - Nelson Bunker Hunt, William Herbert Hunt, and Lamar Hunt - were the sons of Texas tycoon H.L. Hunt.

H.L. Hunt had amassed a billion-dollar fortune in the oil industry.

He died in 1974 and left that fortune to his family.


2/ After H.L.'s passing, the Hunt Brothers had taken over the family holdings and successfully managed to expand the Hunt empire.

By the late 1970s, the family's fortune was estimated to be ~$5 billion.

In the financial world, the Hunt name was as good as gold (or silver!).


3/ But the 1970s were a turbulent time in America.

Following the oil crisis of the early 1970s, the U.S. had entered a period of stagflation - a dire macroeconomic condition characterized by high inflation, low growth, and high unemployment.


4/ The Hunt Brothers - particularly Nelson Bunker and William Herbert - believed that the inflationary environment would persist and destroy the value of their family's holdings.

To hedge this risk, they turned to silver.

They began buying the metal at ~$3 per ounce in 1973.

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