Dr Ricardo Soares de Oliveira quoted in the New Yorker on the severe inequality of the Angolan oil boom

Ricardo Soares de Oliveira was quoted in The New Yorker (1 June issue) in an article on Luanda, the capital of "one of the world's most egregious kleptocracies": Angola.

The article quotes Ricardo as saying, "The default position of Angolan businessmen is above the law.  Whether it is a matter of capital flight, money laundering, the unilateral abandonment of partnerships with foreigners, the non-payment of loans and import duties, conflict of interest between public and private roles . . .  These are not occasional whims, but the very stuff of Angolan private sector life."

The full article can be read here:

The quotation was taken from Ricardo's recent book on Angola, 'Magnificent and Beggar Land: Angola since the Civil War', which the article described as "his comprehensive new account of Angola’s recent history".