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The Plunder Machine: Warlords, Oligarchs, Corporations, Smugglers and the Theft of Africa's Wealth

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The Plunder Machine: Warlords, Oligarchs, Corporations, Smugglers and the Theft of Africa's Wealth
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The resource curse is not simply an unfortunate economic phenomenon, the result of intangible forces; rather, what is happening in Africa’s resource states is a systematic plunder. Like its victims, its beneficiaries have names. The plunder of southern Africa began in the 19th century, when expeditions of frontiersmen, imperial envoys, miners, merchants, and mercenaries swept inland from the coast, their appetite for mineral wealth whetted by the diamonds and gold around their outpost in Johannesburg. Along Africa’s Atlantic coast, traders were already shipping out slaves, gold, and palm oil. By the mid-twentieth century, crude oil was flowing from Nigeria. As European colonizers withdrew and African states gained sovereignty, the corporate giants of the resource industry retained their interests. Despite all the technological advances that have marked the start of the new millennium, and despite the growing awareness of the damage fossil fuels are doing to the planet, the basic commodities that grow in abundance in Africa remain key components of the global economy.
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