This catastrophic social disintegration is not merely a continuation of Africa's past as a colonial victim. The ground beneath their feet is as precarious as a Congolese mine shaft their prosperity could spill away like crude from a busted pipeline. 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. 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. In his first book, The Looting Machine, Tom Burgis exposes the truth about the African development miracle: for the resource states, it's a mirage. While Africa accounts for about 30 per cent of the world's reserves of hydrocarbons and minerals and 14 per cent of the world's population, its share of global manufacturing stood in 2011 exactly where it stood in 2000: at 1 percent.

During the years when Brazil, India, China and the other emerging markets” have transformed their economies, Africa's resource states remained tethered to the bottom of the industrial supply chain. The trade in oil, gas, gems, metals and rare earth minerals wreaks havoc in Africa. Lewis George Orwell Mary Pope Osborne LeUyen Pham Dav Pilkey Roger Priddy Rick Riordan J.

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The looting machine book