This theory of oil and authoritarianism
has been long researched, notably In Michael L. Ross’ Foreign Affairs article
“Will Oil Drown the Arab Spring?” where Ross discusses the relationship between
oil and autocracies and how those ties can affect regimes. Throughout his
article, Ross returns to the theory of the Oil Curse to support his claims,
describing the curse as a phenomenon where “oil wealth leads to
authoritarianism, economic instability, corruption, and violent conflict.” This
“curse” seems to be afflicting Venezuela currently, just as it did to Libya
during the Arab Spring. More…
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