Jack Mosbacher

Essay
Sept/Oct
2013
Larry Diamond and Jack Mosbacher

Over the next decade, a massive wave of new oil and gas discoveries will transform Africa. If the resource curse plays out as it usually does, this oil boom will only serve to entrench authoritarian rule and inhibit democracy. Unless, that is, African governments embrace a radical approach: handing a large share of the new revenues directly to the people as taxable income.