Topic > Why Oil Prevents Democracy - 1882

I have outlined the causal effects that show exactly how a regime can use its capital income to maintain power and repress the democratic movement. I also believe that oil wealth will hinder democratic reform for a long time to come, as previously mentioned, the price and demand for oil does not appear to be slowing down at the moment and as long as the Treasury is full, cronyism and unrest can be paid for. suffocated. Oil revenues give these countries so much money that they deprive citizens of political and economic participation, while they remain tied to governments as a source of income, just as governments themselves are tied to oil. The wealth generated by rents gives regimes unrivaled economic power and, in turn, unrivaled political power. It's pretty clear that across the region, oil has had a detrimental effect on the implementation and spread of democracy, so I'll end with this tongue-in-cheek quote from Dick Cheney, then CEO of Halliburton, one of the world's largest oil services companies