Virunga, Congo

Written by: A. Allan Schmid

Primary Source: The Troublesome Economist

Oil companies are circling Virunga National Park in the Congo, home to several endangered wildlife species such as mountain gorillas.  The oil company thugs stoop to bribery and murder.  The Government is silent saying they must support anything that will lift their people out of poverty.  One could be more impressed if they were putting a large part of their royalties into a trust fund for all its citizens, such as Alaska did.

The Congo has been home to natural resource exploitation by the Belgians for generations and where are the jobs it was supposed to create?  Any natural resource eventually runs out and the people who get rich are government officials and foreign companies.
Source: NYT 16 Nov 2014

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A. Allan Schmid
Alfred Allan Schmid, University Distinguished Professor Emeritus. Taught at MSU for 47 years in the Dept. of Agricultural, Food, Resource Economics. In addition to scholarly books, he more recently published a historical novel entitled "The Quest for Land and Fortune."
A. Allan Schmid

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