Why is Africa Poor? The Answers will Surprise You. (Our local governments could learn from Africa’s experience)

More than half of the world’s poorest people live in sub-Saharan Africa. Why is that region so poor? There are lots of theories. Some blame a colonial history. Others blame the weather, or discrimination. Magatte Wade, an African entrepreneur, tells John Stossel in this short video that she knows the biggest reason from her own first-hand experience: It’s crushing government regulation.