The Looting Machine
Warlords, Oligarchs, Corporations, Smugglers, and the Theft of Africa's Wealth
by:
Tom Burgis
Summary:
The book investigates the systematic exploitation of Africa's natural resources by a network of corrupt practices involving multinational companies, local elites, and foreign governments. It exposes the complex global supply chains and financial systems that facilitate the continent's wealth extraction, perpetuating poverty and conflict.
Key points:
1. Resource Curse: The book explains how African countries with abundant natural resources often experience less growth and poor development due to mismanagement and corruption.
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