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Podcast: Exchanges: A Cambridge UP Podcast
Episode: Pasha Mahdavi, "Power Grab: Political Survival through Extractive Resource Mobilization" (Cambridge UP, 2020)
Description: Why did Muammar Qaddafi and Hugo Chavez nationalize the oil industries in Libya and Venezuela? Machiavelli urged princes to attend to both acquiring and sustaining power. In Power Grab: Political Survival through Extractive Resource Mobilization (Cambridge University Press, 2020), Paasha Mahdavi argues that modern leaders nationalize extractive resources (such as petroleum, metals, and minerals) to extend the duration of their power. By taking control of the means of production and establishing state-owned enterprises, leaders capture revenues that might otherwise flow to private firms. Successful leader then use the increased capital to secure political support within their states.Mahdavi’s...