Gem of the day

Who says 'House of Cards' is the only place to watch ruthless political skill trump expertise, ethics and integrity?

Try economist Paul Collier's assessment of the firm B.G.S.R.'s investment in African development:

"Paul Collier, however, takes a dim view of businessmen like Steinmetz, who have secured the rights to natural resources that they may not actually have the expertise to develop. 'Their technical competence is a social-network map,' Collier said. 'Who has the power to make the decision? Who can I reach?’ They know how to get a contract—that is their skill.'"

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