Ethiopian leader looks at Wall Street with Hamilton
(I am pleased to share this opinion of my book on June 23, 2025 Against Hamilton Wall Street. The author of the blog is printed with permission from Lawrence Freeman Africa and the worldPublishing him on June 22nd Bulletin. I sincerely thank the analysis and advice of this book more Americans, as Dr. Lenjiso would conduct this book seriously. Click here to get a copy of the book. (
Hamilton Versus Wall Street: Ethiopia and Africa
Dr. By Birhanu M Lenjiso. Irrigation development of the former state and the General Director of the Oromiya Agricultural Organization, Ethiopia
Entrance
About five years ago, my friend Lawrence Freeman gave me a book that educates me: Hamilton Versus Wall Street: Basic principles of the American economy system Nancy Bradeen was published in 2019 by Spannaus.
Alexander Hamilton is accepted as the founding father of the United States. The Chief of Staff General Staff was the first secretary of the treasury, which is one of the most prestigious translators and propagandists of the Constitution and the nation’s financial system, and a framework for the federal reserve and economic growth. As the assistant of George Washington, it was an artillery officer and strategist. He was the main author of the federalist documents called the ratification of the US Constitution. It is calculated to form an early American policy, but also the strong enemies who killed him in 1804, especially Aaron Burr. His legacy continues to influence the US financial system and the federal government’s debates. (Click here for general information about Hamilton’s contributions.-)
BookHamilton against the wall street As a supporter of Hamilton’s specification of speculative financing, instead of revealing the national development, infrastructure and folk welfare, the priority economic principles of the wall street. This was interested in how the idea of the economic sovereignty of Hamilton’s ideas and how the ideas for Ethiopia and Africa, which are concerned about the concerns of continuous growth. Mr. Freeman inspired me to study me with my latest discussions and create an attractive topic to examine Africa.
Against Hamilton Wall Street Hamilton examines the economic philosophy, which has allocated the place for America to emerge as industrial energy. The book claims that Hamilton has prepared an infinite plan for economic development of Protectionism, Infrastructure Investment and National Banking System. While the book focuses on the United States, its concepts resonate from abroad and are relevant for nations trying to ensure economic sovereignty. Therefore, it is here, this is to evaluate the relevance of the book for a broader African continent, which is an Ethiopian and wider African continent, industrialization, foreign debt and economic dependence.
In fact, Spannaus presents as a counterpoint as the Laissez-faire capitalism, which promotes Hamilton’s American economy system by Wall Street. To indicate the author of Hamilton’s philosophy showed three main columns:
- Protectionism: This is explained by the implementation of tariffs and subsidies to praise the infant and protect the infantry industry.
- Infrastructure development: This is leaving investments in the roads, irrigation canals and subsequent railways to increase economic connection.
- National Banking: This is associated with the establishment of a central bank aimed at stabilizing debt, managing debt and financing development projects.
The author tried to describe these three principles with historical examples of Hamilton Subject to production (1791), Defense to provide itself in industry. In the 19th century, such as Proof of Hamilton’s success, he also referred to the US rapid industrialization, “Hamilton’s system gave the United States unique to industrial power.” Spannaus’ book, on the wall Avenue on the wall Avenue, claiming that the vision point on the wall Avenue on the wall Avenue, remains relevant to the relevance of the investigation, which is relevant to the nations that want economic independence.
Critical analysis of the book
Spannaus did a wonderful job in the preparation of complex economic ideas accessible to the reader, it is a well-written and read book. Like Hamilton’s writings, historical depth based on primary sources, effectively support the dispute. The book also dominates the free market ideology that offers a prospect that revives the development of the state. However, the book restricts the US-centered prospect. In fact, Spanishus is developing, developing countries, but does not disclose how the contexts of Hamilton appealed after the views. In addition, the book is at risk with the risk of exceeding the famous criticism of protectionism or centralized banking or centralized banking in modern economies. In general, Spannaus is an accessible book with a clear, attractive prose, a non-recurring book to the genius of the country.
Relevance to Ethiopia
Ethiopia, one of the fastest growing economies in Africa, provides a fertile ground to apply Hamilton principles. More than 7% in the last decade, more than 7% GDP growth rate in Ethiopia, large Ethiopia Revenge (GERD), industrial parks, irrigation systems, telecommunications and roads have invested in infrastructure such as telecommunications and roads. However, foreign debt, relying on agricultural exports and limited industrial capacity mirror Problems with the early conditions of Hamilton.
- Protectionism: The Ethiopian government has applied politics to protect the local industry, as well as the local industry, such as tariffs for imported textures to support its clothing sector. Advocacy for the protection of Hamilton’s infantry industry, adapts with the strategy to develop the production of Ethiopia. Spannaus, Hamilton’s “must play a role in the government’s design industry,” a principle in the industrial parks in the state administration of Ethiopia is a clear principle.
- Infrastructure development: Ethiopian ambitious infrastructure projects reflect on emphasizing the public work of Hamilton, as Gerd. Gerd, which is funded by the local, Hamilton’s vision of national control due to critical assets, is adapted to the sovereignty. Spannaus highlights Hamilton’s promotion of the channels and roads “created by trading arteries.”
- National Banking: Ethiopia’s dependence on foreign loans emphasizes the need for financial independence. Hamilton’s National Bank helped stabilize US funding and a similar body can help Ethiopia in debt and financing. Spannaus, Hamilton’s bank “provides a stable currency and credit system,” claims that the exchange of currency devaluation and inflation for Ethiopia.
However, Ethiopia must balance protectionism with global trade integration. To trust the state intervention, as warned the criticism of centralized systems of the book, the updates can be brewed with market reforms.
Relevance to Africa
The economic view of Africa, characterized by raw materials, foreign debt and undeveloped industries, widely applies the principles of Hamilton. Many African people like Nigeria and Rwanda are industrialization to reduce dependence on volatile commodity markets.
- Reducing financial addiction: Africa’s $ 700 billion foreign debt burden emphasizes the need for financial sovereignty. Hamilton’s National Bank model can inspire institutions such as African Development Bank to prioritize local financing. Spannaus notes that the system of Hamilton’s system “free from foreign lenders” and African peoples scored a goal that could make an effort to prevent debt traps.
- To encourage industrialization: Hamilton’s protectionist policy can direct African peoples in the educational industry. Efforts to revive the textile industry through Nigeria’s imaging restrictions reflect the tariffs of Hamilton. Spannaus, Hamilton’s policy founded a “manufacturing base from scratch,” the resource producing a plan for the African economy “set up a production base from scratch.”
- Regional Infrastructure: The infrastructure of the African infrastructure is estimated at $ 100 billion every year, makes Hamilton’s investment necessary. Direction of Rwandan to digital infrastructure and regional shopping centers, this approach is an example. Spannaus emphasizes the relevance for African integration, such as the African Continental Free Trade Area (AFCFTA) as an African Continental Free Trade Area (AFCFTA).
Nevertheless, various African political and economic contexts complicate the application of Hamilton’s ideas. Global trade agreements and multinational corporations can limit the expediency of protectionism, and the state is organized by the state, the risk of corruption without strong management.
Critical reflections
Hamilton principles provide African politicians with a framework to prioritize economic sovereignty, but adaptation is important. Ethiopia demonstrates infrastructure, including Gerd, industrial parks, irrigation systems and roads, and the state-ruled development potential, and the development of Rwyan’s technology can be modernized by Hamilton’s views. However, the risks of protectionism such as trade revenge or inefficiency must be navigated. The book’s central lens also ignored Africa’s unique problems, such as colonial legacy and global economic pressures. Politicians must think of Hamilton and confuse their views with local innovations by ensuring the inclusiveness.
Opinion
Against Hamilton Wall Street Alexander serves as a well-designed defense of Hamilton’s economic vision, offers valuable lessons for the nations implementing industrial and financial independence. Ethiopia is looking for a broader application of Africa in alignment with the ongoing infrastructure and industrialization efforts, and the continent is looking for economic sovereignty. Although Spanishus is limiting the global coverage of the book to the United States, its clarity and historical thinking makes it an attractive reading. The politicians in Ethiopia and Africa should consider Hamilton’s principles as a guide to the truth of the 21st century globalization. For readers interested in economic development, this book offers a thought-provoking starting point to restore the growth of the state management.
Click here to get a copy of Hamilton with wall street.
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Tags: Africa, Alexander Hamilton, Birhanu Lenjiso, Ethiopia, Hamilton Versus Wall Street, Infrastructure, Lawrence Freeman
