4min chapter

Political Theory 101 cover image

Frynas, Petrol States, and Oil Companies

Political Theory 101

CHAPTER

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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