Re:Nobel Peace Prize 2025: María Corina Machado
by 29athrowaway on Friday October 10, 2025 @04:51PM
(#45543656)
Petrocracy is a weird term because it is not oil itself the one ruling but the ones who control the oil. We have a term for that, oligarchy.
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Re:Nobel Peace Prize 2025: María Corina Machado
by cyberax on Saturday October 11, 2025 @02:53PM
(#45551639)
It's actually now used in a lot of political science papers.
It means a particular combination of autocracy and oil-dependence. It results in especially toxic regimes, that can be kept stable for quite a long time.