Download The Looting Machine: Warlords, Oligarchs, Corporations, Smugglers, and the Theft of Africa's Wealth AudioBook Free

The trade in essential oil, gas, gems, metals, and exceptional earth vitamins wreaks havoc in Africa. Through the years when Brazil, India, China, and the other "emerging marketplaces" have transformed their economies, Africa's reference states continued to be tethered to underneath of the industrial supply string. While Africa makes up about about 30 percent of the world's reserves of hydrocarbons and vitamins and 14 percent of the world's inhabitants, its talk about of global making stood in 2011 wherever it stood in 2000: at 1 percent. In his first booklet, The Looting Machine, Tom Burgis exposes the truth about the African development miracle: for the reference states, from the mirage. The essential oil, copper, diamonds, silver, and coltan deposits attract a global network of dealers, bankers, corporate extractors, and traders who combine with venal political cabals to loot the expresses' value. Plus the vagaries of resource-dependent economies could pitch Africa's new middle income back into destitution just like quickly as they climbed out of it. The ground beneath their foot is as precarious as a Congolese mine shaft; their wealth could spill away like crude from a busted pipeline. This catastrophic sociable disintegration is not only a continuation of Africa's past as a colonial sufferer. The looting now could be accelerating as never before. As global demand for Africa's resources goes up, a small number of Africans are becoming legitimately rich, however the vast majority, like the continent as a whole, is being fleeced. Outsiders tend to think of Africa as a great drain of philanthropy. But look more directly at the reference industry, and the relationship between Africa and all of those other world looks somewhat different.

Category: Natural Resource Extraction

Details

Publisher	Gildan Media, LLC
Language	English
ISBN
DATE	2015-04
Author	Tom Burgis

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