Guy Standing Quotes & Sayings

It is a sad irony that many countries possessing natural resources with high income potential have floundered into civil strife as factions compete for their share of the bounty, often monopolized by despotic leaders. Sharing the resource wealth across the country is one suggested way to defuse the threat of political conflict, usually by transferring part of the earnings to local area governments and, in particular, to the area where the natural resource is exploited, be it oil, diamonds or other minerals. In some cases, this fiscal devolution route has limited the conflict, if the amount transferred is large enough. However, in others it has triggered conflict by giving local dissidents the means to pay for insurrection.57 It turns out that the optimum way to defuse or prevent potential conflict is to pay direct cash transfers to all individuals, which would make it much more difficult for secessionist movements or local political parties to appropriate the resources. — Guy Standing