A shocking investigative journey into the way the resource trade wreaks havoc on
Africa, 'The Looting Machine' explores the dark underbelly of the global econom
y.Africa: the world's poorest continent and, arguably, its richest. While accoun
ting for just 2 percent of global GDP, it is home to 15 per cent of the planet's
crude oil, 40 per cent of its gold and 80 per cent of its platinum. A third of
the earth's mineral deposits lie beneath its soil.
But far from being a salva
tion, this buried treasure has been a curse.'The Looting Machine' takes you on a
gripping and shocking journey through anonymous boardrooms and glittering headq
uarters to expose a new form of financialized colonialism. Africa's booming grow
th is driven by the voracious hunger for natural resources from rapidly emerging
economics such as China. But in the shadows a network of traders, bankers and c
orporate raiders has sprung up to grease the palms of venal local political elit
es.
