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1 week ago | [YT] | 1

Africanwealthdiaries

The Monopoly board game was originally conceived as “The Landlord’s Game” by Elizabeth Magie, a Washington, D.C. stenographer, feminist, and single-tax advocate.

It was invented in 1904, inspired by Georgism - an economic philosophy that argues government should be funded primarily through a tax on land rent rather than taxes on labor.

These ideas were developed and named after Henry George, an anti-statist thinker who advocated for reduced state power and greater individual liberty.

Contrary to popular belief, the game was designed not to glorify capitalism, but to criticise it, specifically highlighting the social harms of unchecked property accumulation and monopolistic behavior.

The original Landlord’s Game featured two versions with two distinct rule sets:

1. Anti-monopolist rules: When a player purchased property, the increased value benefited everyone. Rent was paid into a public treasury, which funded public goods such as railroads or education.

2. Monopolist rules: Players bought land, built houses and hotels, and collected rent with the objective of bankrupting other players, demonstrating how monopolistic capitalism can lead to poverty and inequality.

Elizabeth Magie patented the game in 1904.

Years later, the game was adapted and developed by Charles Darrow and commercialised by Parker Brothers in 1935, becoming the Monopoly we know today.

A monopoly exists when a single company controls an entire market, such as the electricity supply of a city, while no other firm is legally or practically able to enter that market.

Whether one agrees or disagrees with capitalism is not the central lesson of the game.

The real takeaway is this: money left idle, or invested in non-cash-generating assets, leads to bankruptcy, while consistent cash flow is a fundamental necessity of life and business.

📸 Library of Congress | INSIDE ADAMS Science, Technology & Businesd | ISSN 2691 - 3690

#financialeducation #africanwealthdiaries #monopoly

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2 weeks ago (edited) | [YT] | 0

Africanwealthdiaries

No one is coming to save you.

2 months ago | [YT] | 2

Africanwealthdiaries

A job is a job.

📸 Photo Credits:
• Face2Face Africa
• The Southern African Times
• Daily Monitor
• The Citizen (TC)
• Photos.com
• Britannica — Nelson Mandela; Haile Selassie
• Julius Nyerere Leadership Centre — Julius Nyerere
• Face2Face Africa — Seewoosagur Ramgoolam
• TNX Africa — Jomo Kenyatta
• Le Monde diplomatique — Habib Bourguiba

#africanwealthdiaries #africanpresidents

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2 months ago | [YT] | 0

Africanwealthdiaries

To be abundant is to multiply.

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2 months ago | [YT] | 0

Africanwealthdiaries

Our continent needs people to believe in us as small as we may seem.

#africanwealthdiaries #entreprenuer #foreigninvestor #africaninvestor

2 months ago | [YT] | 1

Africanwealthdiaries

Just surrender.

2 months ago (edited) | [YT] | 1

Africanwealthdiaries

Difficulty is your ticket to premium.

#africanwealthdiaries #africanentreprenuers #nigerianentreprenuer #kenyanentreprenuer #egyptianentreprenuer #southafricanentreprenuer

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3 months ago | [YT] | 1

Africanwealthdiaries

You’re exactly where you’re meant to be.

3 months ago | [YT] | 0

Africanwealthdiaries

Allon Raiz - Dig Deep

Raiz is a South African entrepreneur, author, and pioneer in the field of business incubation.

Allon Raiz is a South African entrepreneur, business coach, and pioneer in the business-incubation space.

He is the founder and CEO of Raizcorp, an incubator that supports hundreds of small businesses, especially in South Africa.

He’s also an author of two entrepreneurial books: (1) Lose the Business Plan (2) What to Do When You Want to Give Up), TV/radio host, mentor, speaker and regularly contributes to initiatives developing African entrepreneurship through education, media, and advisory roles.

Through Raizcorp, he has helped thousands of entrepreneurs access mentorship, business development training, and access to capital, while building partnerships with major corporations to promote inclusive enterprise development across the continent.

Through his innovative approach, Raiz has become a major advocate for authentic, home-grown entrepreneurship in Africa, focusing on mindset change, capability building, and the long-term success of African founders rather than short-term funding wins.

*Qoute taken from Allon Raiz’s LinkedIn

📸 raizcorp.com

#africanwealthdiaries #southafricanentreprenuee #mindset

3 months ago | [YT] | 1