SPECTRE OF CAPITALISM ON THE PEOPLE OF ANDONI IN RIVERS STATE

Abstract

The early champion of capitalism had hoped that eliminating government restriction on business and industry would usher in an era of universal improvement in the material condition of life. But experience showed that unbridled capitalism had produced disastrous social consequences. To this end, that research work is painstaking to examine the contradictory effect of capitalism on the Andoni's of Rivers state. Thus, Marxian political economy was used in explaining these effects on the people of Andoni. A self-designed questionnaire was also used in eliciting valuable information from the people of Andoni. The sample was equally drawn by simple random sampling technique from the population. Hence, in the work, it was discovered that capitalist economy is not a perfect clockwork mechanism but a dynamic system full of contradictions and doomed to be replaced. Therefore, summary, conclusion and recommendations were made in-line with our stated objectives. Also, it was found that capitalism created some social maladies such as poverty, inequality, criminality, unemployment, intercommunity crises, corruption and environmental degradation. Thus, we recommended, among other things, that the Andonian nation, as well as the Nigerian state, should either adopt socialist or regulated capitalism if it is desirous of alleviating social problems in Andoni nation.