Luanda's Capitalist Revolution...Is A Distant Dream In The BoondocksSudarsan Raghavan
It looks like Luanda's version of a Dickensian slum: 30,000 decrepit shacks fanning across a vast, sun-scorched field brimming with thieves, gambling dens, and hungry street children. But it's a vital lifeline for an economy shattered by two decades of civil war. Named after a popular Brazilian soap opera, Roque Santeira claims to be Africa's largest flea market. Unofficial estimates place the bazaar's average monthly turnover at $3 million--a lot of money for a nation whose blue-collar workers typically earn less than $20 a month. "Anything can be bought here," promises one of the market's eight managers. "And what can't be bought can easily be arranged."
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig
- Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the World’
- Getting a Dog May Save Your Life, Especially If You’re Single
- The Questionable Math Behind Manafort’s Extravagant Home Renovations
- World’s Biggest Wealth Fund Wants Out of Oil and Gas