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The Dig: The Fall of OPEC w/ Giuliano Garavini

Jacobin Radio

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The Importance of Diversification in the Economy

In the Algerian version it's you know let's create big states enterprises because that's the way where we counterbalance dependence from industrialized countries. And this sort of echoes the early Venezuelan concept of sowing the oil. I mean many of these countries did one or the other diversification plan. What are called today you know there's a flourishing of agenda 2034 Sunday Arabia this and that. That was already done in the 1970s except with a much greater role of the state than it is in these plans of today.

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