Tag Archives: Oil Embargo

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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