Oil: A blessing or a curse?
The BBC is hosting a
vigourous debate as to whether the production of
$30 billion worth of oil is a
blessing or a curse for impoverished African countries.
One contributor suggests that "
the paradox of plenty" results in oil revenues creating a
buffer between the government and the population, which fosters corruption, and leads to a loss of transparency and accountability.
Others seem to prefer blaming global capitalism, the CIA, African leaders, wanton corruption, debt, and a world prepared to watch money be squandered on an epic scale... in return for oil.
![[Powered by Blogger]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_uvh22TsKuV0-rmzURooIYHZIYV-0kUgcaaOvhxT2LZfq4n2YrnvHSg2wNSXM8MoX-eYh6IM1LkkHSZZf_DGSh6kV8KTFgCjA0B0ciOHXmS=s0-d){kind=small}
