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).

[...] scholarship cannot isolate Congo from the dynamics of global capitalism. This is not just a matter of resource privatization and giveaway mineral rents, oiled by multi-million-dollar kickbacks. The channels for funnelling value away from on-shore jurisdictions into a netherworld of ‘treasure islands’ benefit from a state-of-the-art grid that Western elites have a big stake in leaving safely buried. The various tax havens are ‘spider’s webs’ with, at their centre, northern financial hubs like Britain, the Netherlands, Switzerland or the USA. The British Virgin Islands, which seem to be the major destination for much of the DRC’s recent capital flight, have a very strong connection to the Square Mile. The flows that have helped sap capital formation in Africa’s giant involve a considerable shift of economic surplus from the many to the few, and from South to North.

—p.40 Africa's Leaky Giant (5) by Joe Trapido 2 years, 2 months ago