How Oil Crushed Africa

We are obsessed with globalization. Whether we are celebrating it, as we did for most of my adult life, or condemning it, as seems to be becoming the fashion, it’s an omnipresent topic. But we don’t always follow through on that obsession to recognize globalization’s effects. On Saturday morning, as I worked my way through Martin Meredith’s Fate of Africa, a history of the continent since independence, I feel like one of the gaps in my understanding slammed shut. If you’re a current events nerd like me, you’ve probably read dozens of reports over the years, agonizing over how hard it seems to be for many African countries to get it together. But for some reason these potted histories of Africa all leave out the most important factor in those many failures. Today’s video is an attempt to correct those potted histories. I hope you enjoy it!

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Video Transcript after the jump…

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Europe Doesn’t Want The US’s China Cold War (Yet)

It’s amazing how little investment the US has in the priorities of our allies. It’s well established that our foreign policy establishment is utterly incapable of seeing anything from the perspective of any of our “adversaries”. This would be a tremendous problem if the United States were actually in anything like a real competition with anybody. The dumbest actor in a contest rarely wins. But it’s not a contest. At this point, we’re so much more powerful than any of our opponents that it just doesn’t matter (leaving aside moral questions). What we should be doing, in this waning, but still present historical moment, is building up our position with allies, and working to stretch this sweet spot out as long as possible. We’re doing the exact opposite of that, of course.

A system that wants to stand the test of time needs to be aware of, and at least not obstruct, the wishes of smaller members of that system. As today’s video illustrates, we’re not doing that. Our oldest and strongest allies in Europe have opted to kick off the “New Cold War” by committing to an investment agreement… with China. This should be a wake up call. I doubt it will be.

If you’d like to earn my undying gratitude, please click where to support this project through Patreon. Please do reach out to us through Twitter, Facebook, Youtube, or our e-mail newsletter.

Video Transcript after the jump…

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