Summary Of The Looting Machine By Tom Burgis

In his book, The Looting Machine, Tom Burgis examines the extractive economic and political network of mechanisms that have continued to exploit and impede Africa since its colonization. The corrupt cycle that is the looting machine has roots in the globalization by European and western companies. The beginning stages of neo-imperialism transformed the continent into the corrupt opulent resource siphoned Africa we see today. Internal extractive institutions, that inevitably result from the Iron Law of Oligarchy, in countries like Congo, Angola, and Nigeria result in the exploitation of African citizens to fuel systems based on crony capitalism; whereas External extractive institutions working through multinational corporations, specifically