The Looting Machine
Warlords, Oligarchs, Corporations, Smugglers, and the Theft of Africa's Wealth
Burgis, Tom, 321 pages
San Diego Library has 3 copies
One of Financial Times’ Books of the Year, 2015, The Looting Machine exposes the truth about the African development miracle: for the resource states, it’s a mirage. The oil, copper, diamonds, gold and coltan deposits attract a global network of traders, bankers, corporate extractors and investors who combine with venal political cabals to loot the states’ value. And the vagaries of resource-dependent economies could pitch Africa’s new middle class back into destitution just as quickly as they climbed out of it.