The race to the bottom in terms of economics is one for attaining the lowest cost, whilst retaining or increasing the highest margin of profit. Who is profiting from this race and at whose expense? Is it sustainable? What forces drive the race?
Between 1966 and 1970, Biafra was all over the news media for those old enough to remember. What was called a war, was in fact a genocide comparable to the Rwandan genocide of the 90’s or worse. Let's fast forward from 1966 to Sept 12, 2017.
The story of the Biafra genocide is one of the culturally incompatible and ideologically far-flung nations enclosed in a post-colonial contraption that started in the late ’60s and continues up to this day. One of the key underlying factors in the conflict may be attributed to the presence of oil. Biafra has one of the biggest if not the biggest oil reserves in Africa.