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Chapter 4 adds another intellectual dimension and genealogy to Nkrumah’s political-economic philosophy by arguing that he was aware of Lenin’s state capitalist ideas and that the Ghanaian economy existed and functioned within this state capitalist, mixed economic framework. Moreover, this chapter examines how people within and outside Ghana understood the duality of Ghana’s socialist and capitalist economy – its socialist state capitalist project – and its applicability to Ghana’s conditions and the postcolonial world. It demonstrates that the Ghanaian political economy under Nkrumah combining socialist and capitalist development paths was not a contradictory Marxian policy but was embedded within Black Marxist understandings of Lenin’s state capitalist ideas. In so doing, Socialist De-Colony merges the nonoverlapping intellectual and geographic spaces of Paul Gilroy’s “Black Atlantic” and Cedric Robinson’s “Black Marxism” with Maxim Matusevich’s “Africa and the Iron Curtain.” It shows how the cultural and intellectual interchange of ideas between and amongst Black thinkers moved beyond the Atlantic circuit and were simultaneously heavily mediated and impacted by ideas from the East.
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