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Yes it is a lost continent, because the main cause of the problems can never be addressed: nature and geography.
Africa is too hot, which allows deadly diseases to spread like wildfire. The heat also makes it impracticle to work a "normal" 8-hour day. This has always been so. Africa has deadly human-eating animals running around. Africa hasn't got enough good soil to feed a large population, and the population is only going up. This will always lead to conflict and strive. Couple this with ancient superstitions, and age-old rivalries, and you end up with a nice mixture of murder and human rights atrocities.
The big question is whether AIDS will kill enough to make the land able to support the population again.
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