Booty futures is a term coined by the political scientist Michael L. Ross to describe the sale, by a government or rebel group engaged in a civil war, of the future right to exploit natural resources that the seller does not yet control, or controls only precariously. The proceeds are typically used to finance the military campaign needed to capture or defend the resources in question.
Booty futures is a term coined by the political scientist Michael L. Ross to describe the sale, by a government or rebel group engaged in a civil war, of the future right to exploit natural resources that the seller does not yet control, or controls only precariously. The proceeds are typically used to finance the military campaign needed to capture or defend the resources in question.
Source: Wikipedia "Booty futures contract" · CC BY-SA 4.0
Share this article: X · Bluesky