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I spent years asking one question. Why did countries like Singapore, New Zealand, and Denmark become prosperous while countries like mine stayed poor? People gave me every answer you can imagine, from colonialism and education to natural resources, culture, and the ugliest theories about Africans themselves. But none of those explanations answered the part that bothered me most. Why do the same Africans who get stuck back home suddenly build, work, and thrive when they move to a country like the US? The answer was sitting right there. Africa is the hardest region in the world to do business, and we keep pretending the problem is our people instead of the rules around them.

Peter St Onge joins The Magatte Wade Show to talk about Trump’s tariffs, the Federal Reserve, Bitcoin, AI jobs, Javier Milei, and why so many experts keep getting the economy wrong. Peter begins with the story of how he made money in Yahoo during the dot-com boom, retired young, moved through Asia, lost almost everything, and eventually became one of the most followed economists online. The conversation then turns to the big fights happening right now: whether Trump’s tariffs can work if they are paired with tax cuts and deregulation, why Peter thinks the Fed has gone rogue, why Bitcoin may beat gold in a future monetary crisis, and why AI could hit white-collar jobs before it hits blue-collar work. 00:00 Trailer 01:17 Peter gets rich, retires, and loses it all 07:07 Why trust makes countries richer 11:02 SkinIsSkin 12:25 Why experts got Trump wrong 13:57 How institutions protect the in-party 18:11 What America learned from the 1920s cuts 23:53 Why Peter defends some Trump tariffs 29:24 Why small business taxes matter 30:57 Why Peter says the Fed went rogue 37:25 Peter’s case for Bitcoin 45:07 What Milei changed in Argentina 47:23 Why Europe could change fast 52:18 Why AI could make workers richer 1:00:11 Rapid-fire questions 1:02:31 Where to follow Peter Sign up for Magatte Wade's Newsletter ➡️ http://magatte.substack.com Get Magatte's book on Amazon ➡️ https://amazon.com/dp/B0CJH1MKN2 Magatte Wade is an entrepreneur, speaker, and visionary leader in African entrepreneurship. She is recognized as one of Forbes' "20 Youngest Power Women in Africa" and a Young Global Leader by the World Economic Forum. Magatte has spoken at prestigious organizations like United Nations, Aspen Institute, Harvard, and TED. Her work has been featured in The New York Times, The Wall Street Journal, and she has been a popular guest on podcasts hosted by Jordan Peterson and Lex Fridman. Visit Magatte Wade's Website: http://magattewade.com Follow Magatte Wade on Twitter: https://twitter.com/magattew Follow Magatte Wade on Instagram: https://instagram.com/magattew Follow Magatte Wade on LinkedIn: https://linkedin.com/in/magattew/ Follow Magatte Wade on TikTok: https://tiktok.com/@magattew Follow Magatte Wade on Facebook: https://facebook.com/magattew If you enjoyed this video, please like, comment, and share with others who might benefit from Magatte's thoughts. And don't forget to subscribe to her channel for more inspiring content. Thanks for watching!

Ethiopia was never colonized. For much of its history, it was one of the poorest countries on the continent. Meanwhile, Vietnam was colonized by the French, devastated by decades of war, and is now on its way to serious economic prosperity. If colonialism were the answer to why Africa is poor, Ethiopia should be rich and Vietnam should be broke. Neither is true. Can we please retire this excuse?

Nobody talks about this enough. The #1 thing keeping Africa poor isn’t history. It’s the rules our own governments created that make it nearly impossible to build anything. Comment “FREE” if you think African entrepreneurs deserve better ✊🏾 #africa #growth

Elon Musk was born in Africa. If he had tried to build SpaceX and Tesla from South Africa, neither would exist today. And nobody would know who he is.

Want to know why some countries are rich and others are poor? It comes down to one thing: how easy it is to start and run a business. Rich countries make business easy. Poor countries make business impossible. #africa #business

#africa #entrepreneurship