The emergence of industrial capitalism which commenced in Europe in the second half of the eighteenth century heralded two social phenomena such as; pervasive commodification ( all productions geared for sale), and monetization (the centrality and  the use of money for transactions). Sequel to this development, the entire human society became polarized into two social classes; the owners of production and labour. The latter became decomposed into different social classes such as; the middle class, working class, lower class, under class and lastly at best, though more often than not is never recond, the peasantry.
Thus, production is organized within these social complexities which is characterized with antagonisms arising from inequality, poverty, unemployment, inflation and hunger. These are the causes of the miseries in the human society in recent times.
The Great Depression in Europe in 1929 is as the results of these macroeconomic indices as stated above. Classical liberalism was not able to address the crisis, so there was a shift for the adoption of the neo- liberal paradigms such as; fiscal policy and monetary policy. These were operationalized to help manipulate aggregate demands as to minimize unemployment and inflation in Europe. It was achieved through Budgetary framework which shows the ratio of recurrent expenditures and capital expenditures and the directives of expenditures are specified accordingly.
Ever since the European countries, the United States of America and other advance countries are helped by this neoliberal permutations.
On the basis of these ideological persuasions, what really is happening to the African continent and other underdeveloped continents. Why are they not been able to liberate their continents from the contemporary crisis of global capitalism.
I would want the users of this forum to comment and contribute to this great debate. Thanks.