Looting Machine Book Review

1789 Words8 Pages
INTRODUCTION
The African continent is blessed with immense natural resources than any other continent in the world, it is the repository of 15% of the world’s crude oil reserves, with 80% of its platinum and 40% of its gold, however it one of the most underdeveloped continents in the world (world Bank, 2012).The recent published world renowned book called the looting machine: Warlords, Tycoons, Smugglers and the Systematic Theft of Africa’s Wealth, by Tom Burgis, a former Financial Times investigations correspondent in Africa, covering conflict, corruption and politics since 2008. The author examines the lengthy deliberated subject of resource curse in which extractive industry such as oil and mining dominate in African countries. On his
…show more content…
Tom Burgis exposes the corrupt ruling party: the People’s Movement for the Liberation of Angola (MPLA) led by Angolan president, José Eduardo dos Santos. After defeating the Unita leader Jonas Savimbi, MPLA turned the oil-fired machines previously used for war into crony capitalism (de Oliveira, 2007). The looting machine book conveys how the president of Angola, has masterminded the course of stealing Angolan natural resources with the tenacity of self-enrichment and enrichment of close collective elites particularly MPLA…show more content…
Burgis exposes that the BEE since its inception it has self-enriched few political connected elites of the African National Congress (ANC) yet leaving many of black majority in extreme poverty with nothing but labour to offer for survival. These economic imbalances led to demonstrations for better wages and better housing in the Lonmin mines in Marikana that accounted the death of 35 miners at the hands of the national
Open Document