The Looting Machine

  • by Tom Burgis
  • Narrated by Grover Gardner
  • 11 hrs and 5 mins
  • Unabridged Audiobook

Publisher's Summary

The trade in oil, gas, gems, metals, and rare earth minerals wreaks havoc in Africa. 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. While Africa accounts for about 30 percent of the world's reserves of hydrocarbons and minerals and 14 percent of the world's population, its share of global manufacturing stood in 2011 exactly where it stood in 2000: at 1 percent.
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. 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. 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 ground beneath their feet is as precarious as a Congolese mine shaft; their prosperity could spill away like crude from a busted pipeline.
This catastrophic social disintegration is not merely a continuation of Africa's past as a colonial victim. The looting now is accelerating as never before. As global demand for Africa's resources rises, a handful of Africans are becoming legitimately rich, but the vast majority, like the continent as a whole, is being fleeced. Outsiders tend to think of Africa as a great drain of philanthropy. But look more closely at the resource industry, and the relationship between Africa and the rest of the world looks rather different.

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Customer Reviews

Most Helpful

Indispensable reading

This is one of those rare books that can change so much about how you think about a topic as complex as Africa. Burgis did an excellent job of covering a broad swath of the continent without falling in to the usual traps of stereotypes and overs simplification that plague so many other authors. His insights on Sam Pa and the growing Chinese role in the "Looting Machine" was particularly interesting.
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- Eric C. Olander

informative

the book was very detailed and clear. liked the depth of back ground information alot
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- gil

Book Details

  • Release Date: 04-28-2015
  • Publisher: Gildan Media, LLC