We’re doing something wrong

Compare what we got out of our Middle Eastern adventure (not forgetting to include its $3-5 trillion opportunity cost) to what the Chinese are doing in Africa in the meantime:

All across the continent, Chinese companies are signing deals that dwarf the old railroad project. The most heavily reported involve oil production; since the turn of the millennium, Chinese companies have muscled in on lucrative oil markets in places like Angola, Nigeria, Algeria, and Sudan. But oil is neither the largest nor the fastest-growing part of the story. Chinese firms are striking giant mining deals in places like Zambia and the Democratic Republic of the Congo, and building what is being touted as the world’s largest iron mine in Gabon. They are prospecting for land on which to build huge agribusinesses. And to get these minerals and crops to market, they are building major new ports and thousands of miles of highway.

Howard W. French, The Next Empire, in the May 2010 Atlantic Magazine.

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