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Frynas, Petrol States, and Oil Companies

Political Theory 101

00:00

The Endless Game That's Played With Poor Countries

In the European Union, states are told to copy Germany. But if you're already at a disadvantage, you're not going to get into a better position very quickly or very easily by following the competitive incentives. Getting everybody out of poverty is at most a positive externality for liberal capitalism. The goal is shareholder returns for ExxonMobil in Nigeria.

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