#botswana

Kwabena Ofori Osei
33 Views · 3 months ago

How The West is Looting Botswana
DeBeers & Western Capitalism’s Exploitation of Botswana’s Diamond Wealth

Uncover the shocking truth about how Western corporations, especially De Beers, have been exploiting Botswana's diamond wealth for decades. This video exposes:

• De Beers' monopolistic control through Debswana
• How Cecil Rhodes founded De Beers and shaped the diamond industry
• The impact on Botswana's economic development
• Questionable practices in diamond valuation and pricing
• Limited local beneficiation despite promises
• Environmental concerns and community displacement

Learn how this arrangement has allowed foreign companies to profit immensely while potentially limiting Botswana's returns on its natural resources. We'll explore the history, current situation, and what needs to change for Botswana to truly benefit from its diamond wealth.

https://medium.com/@hrnews1/ho....w-the-west-is-lootin



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