The Looting Machine: Warlords, Tycoons, Smugglers and the Systematic Theft of Africa’s Wealth by Tom Burgis
Requirements: ePUB reader, 3.3 MB
Overview: A shocking investigative journey into the way the resource trade wreaks havoc on Africa, ‘The Looting Machine’ explores the dark underbelly of the global economy.
Africa: the world’s poorest continent and, arguably, its richest. While accounting for just 2 percent of global GDP, it is home to 15 per cent of the planet’s crude oil, 40 per cent of its gold and 80 per cent of its platinum. A third of the earth’s mineral deposits lie beneath its soil. But far from being a salvation, this buried treasure has been a curse.
‘The Looting Machine’ takes you on a gripping and shocking journey through anonymous boardrooms and glittering headquarters to expose a new form of financialized colonialism. Africa’s booming growth is driven by the voracious hunger for natural resources from rapidly emerging economics such as China. But in the shadows a network of traders, bankers and corporate raiders has sprung up to grease the palms of venal local political elites. What is happening in Africa’s resource states is systematic looting. In country after country across the continent, the resource industry is tearing at the very fabric of society. But, like its victims, the beneficiaries of this looting machine have names.
Genre: Non-Fiction, Politics, Economics
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