3min chapter

Political Theory 101 cover image

Frynas, Petrol States, and Oil Companies

Political Theory 101

CHAPTER

In Nigeria, It's a Mob or a Political Machine or Boss Politics

In a petrol state, oil is one of the few things in this world at this stage that is very physical. In other states, it's harder to extract this much wealth through corruption because there are different forms of wealth. Shupeter also in his book is very insistent on this presence of intra-elite competition as the thing which prevents the state from becoming overly extractive.

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