Sourcing energy needs from politically unstable regions is pure insanity.
Not the first time this year we have seen this play out
Ho hum
Discussion
They weren’t really “politically unstable” though in the sense they were a French vassal state like many other African countries; internal conflict having largely been driven by Western interests meant the resources kept flowing regardless of which faction was in charge or what internal strife was conjured.
The difference now is African nations are telling the West to GFY and re-aligning towards the BRICS pole.
This is the essence of multipolarity. The days of everyone falling in behind the US and Europe to take some handouts from the IMF to enrich themselves short term whilst advancing Western interests are over. Things are gonna get bumpy
Yes totally agree with all that. Particularly the IMF playbook. Where will the west get all its cheap food and materials ( resources in general). We think inflation is bad now, add to the current macroeconomic outlook a shortage in food and or raw materials as a direct result of nations claiming their sovereignty
The transition of power and the assertion of national sovereignty will be a turbulent process, no government or nation state relinquishes power without resistance or contention. The in your face of that is WAR.
Bumpy is an understatement
As a side note, In my view military regimes are unstable more so than a democratic one hence why I claimed it to be unstable.
Western leaders definitely won’t just lay down and take it..
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So "claiming their sovereignty" is going from a mafia-run, artificially sustained "postcolonial" state in which the mafia bosses sacrifice its population for IMF (and more direct) handouts to enrich themselves, to one in which the handouts come from China and Russia? Got it.
Yep you nailed it. Elsalvador has worked out a solution which when plays out will be the roadmap everyone will follow, hopefully
When I lived in China, pre-Olympics, I had a friend (whose parents are a high ranking police officer and a Party commissar in a university), who had spent 5 years working in Nigeria for a Chinese State (obviously) oil company, working in plastics. So I'm talking about 20 years ago.
And he was already telling me that they were raping the country and its population with "unequal treaties" that would make the ones China still bitches about today the fairest deal in the world.
The stories that we all hear about how China sends tens of thousands of workers to operate those industries, not even creating one single job for the locals, and how they on top of that destroy the local industry, mainly low value light industry, with endless cheap imports... those aren't even the tip of the iceberg.
And back then China still hadn't developed its current Panopticon Big Brother dystopian surveillance apparatus yet.