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I have a heuristic principle that corruption is endemic to resource extraction industries (oil, gas, timber, mining). Getting something for nothing (and extern

by mturmon 11y ago

I have a heuristic principle that corruption is endemic to resource extraction industries (oil, gas, timber, mining). Getting something for nothing (and externalizing the costs) is somewhat the premise of the whole enterprise.

ArkyBeagle 11y ago
Not for big extraction corporations that have a lot of surface area to fire at. The downside risk is just too great. This being said, the combination of an African-style failed state (or outright kleptocracy) and rich natural resources creates a special case of the Resource Curse. When it comes to a stable legal system and low corruption, Americans were born on third base and think they hit a triple.