When a nation is over-reliant on one or two commodities like oil or precious minerals, corrupt government ministers and their dodgy associates hoard profits and taxes instead of properly allocating them to schools and hospitals.

Summary

This quote highlights the consequences of relying heavily on a narrow range of commodities for a nation's economy. It suggests that when a country depends too much on resources like oil or precious minerals, corrupt officials and their unethical partners tend to exploit this situation. Instead of investing profits and taxes into public goods like education and healthcare, they selfishly hoard these resources. As a result, the general welfare of the population suffers as essential services remain underfunded, exacerbating social and economic disparities.

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