Just happened to catch an interesting documentary on BBC4 tv last night: Why Poverty - Stealing Africa
BBC iPlayer - Why Poverty?: Stealing Africa
A couple of points struck home
- Zambia appears to have been "required" to sell off its natural resources (in this case copper ore) to meet IMF and other creditor requirements - just like Ireland
- Transfer pricing mechanisms in use by a large multi-national appear to have been used to transfer significant mining wealth out of the country with little return to the state or citizens - just like Ireland
- An argument is made that if Zambia didn't accept industry terms, then the industry would go elsewhere - just like Ireland.
Is this where we are going? Or have we already got there?