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Saturday, February 26, 2011

Oil, Poverty, And Wealth In Angola

A video from The Economist.

2 comments:

SL said...

The situaiton presented here seems to be repetition of the states of many African nations. The elements are all present: elite class, corrupted officials, abundant natural resources, & a population not wanting to 'rock the boat.' The government and elite's opposition for upward movement by the lower classes is what is stifling their progress. Situations like this will only come back to bite the hand that feeds it, though. When the hand feeding is only throwing crumbs the eaters will eventually get tired of the leftovers and go for the good stuff, which is when Angola will have a real problem since the government will not be willing to give up power easily. Confrontaiton will ensue. Due to Angola's position of high concentrations of oil, most nations would not be willing to address such civil war, etc. since they dont want to lose their source of energy (ex. China). Especially after the emergence of revolutions in Northern Africa I wonder what the liklihood of such spreading south would be...

BR said...

I don't understand how one in ten people are going with out water, and the government of Angola can still be thriving.
The government knows what their people need (fruit, vegetables, and passage on roads, etc.) and they over charge them for it. Which is keeping the people continuing to live in slums and continuing to over pay for selfish means such as new skyscrapers being built and hotel improvements being made. Which inturn cause tourist revenue at hotels, beach front resorts, etc. whose starting price is around $400 a night.
It seems like the government is once again looking out for the well being of itself and not for its people.