Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

Source code on GitHub (MIT license).

[...] while the powerful cultivated their image as a fruitful bough, the gifts made to underlings in these performances were in reality a tiny fraction of the whole, obscuring the fact that most wealth was being funnelled offshore. [...] the African trajectory differs in an important respect from the classic capitalist one. Here the alienation of public debt incurred from foreign loans involved re-shipping it offshore—and thus undermining capital formation. Though it is ignored or pushed to the margins by conventional Africanist accounts, capital flight provides a far more elegant and empirically robust explanation for the failure of accumulation in Sub-Saharan Africa than ‘neo-patrimonialism’ or ‘the politics of the belly’. [...]

—p.22 Africa's Leaky Giant (5) by Joe Trapido 2 years, 11 months ago