Foreign Policy Magazine

When the Rubber Hits the Road

In a critique of West Africa’s Liberia in 1958, the Black American sociologist and commentator W.E.B. Du Bois commented that “a body of local private capitalists, even if they are Black, can never free Africa; they will simply sell it into new slavery to old masters overseas.” At the time, Liberia had the second-highest economic growth rate in the world. Liberia’s open-door policy had seen private foreign capital investment boom in the postwar period, as companies were granted land concessions and given tax breaks, incentivized by low wages and low regulation. Despite these impressive growth rates, as one U.S. ambassador to Liberia noted, “a handful of American-owned companies and about 1,000 Americans working in Liberia [made] more money in Liberia than all Liberians put together.”

Gregg Mitman’s is a fascinating and enlightening page turner that uncovers Liberia’s often overlooked importance in U.S. history. Without Liberia, founded by U.S. settlers in the 19th century, the Allies would not have been able to produce enough rubber to win World War II. In 1944, the Firestone Plantations Co. (now Firestone Liberia) was the largest employer in all of Liberia. And without the investment of Firestone, Liberia’s independence and its

You’re reading a preview, subscribe to read more.

More from Foreign Policy Magazine

Foreign Policy Magazine8 min readInternational Relations
What South Africa Really Won at the ICJ
For those with long memories, the seed of South Africa’s case against Israel—accusing it of genocidal acts in the Gaza Strip—might be traced to a spring day nearly 50 years ago. On April 9, 1976, South Africa’s white supremacist prime minister, Balth
Foreign Policy Magazine1 min read
Gain Mastery Of Strategic Languages And World Regions
At the Hamilton Lugar School, we take a distinctive approach to global and international affairs. We are a leading hub for applied area studies, offering programs in nearly all world regions, and we teach more than 80 languages—more than any U.S. uni
Foreign Policy Magazine7 min readWorld
Is India Really The Next China?
Will India be the next China? As China’s economy spirals downward and optimism about India’s growth reverberates around the world, that question can no longer be dismissed as the fevered fantasy of nationalists. It needs to be taken seriously—not lea

Related Books & Audiobooks