Dictators, Democracy and Some Home Truths…

As Foreign Policy Magazine reports, “Equatorial Guinea’s economy depends almost entirely on oil, which generated revenues last year of well over $4 billion, giving it a per capita annual income of $37,900, on par with Belgium.” While this has given the country’s ruler (Teodoro Obiang Nguema Mbasogo) an estimated net worth of over $600m (which in reality will be many magnitudes higher) it has left the population impoverished with one in three dying before the…

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