Subsurface Wealth: Struggles for Privatization in Argentina

DECEMBER 01, 2008 by GUILLERMO YEATTS

While the oil industry brought prosperity to the United States, the same failed to happen in Argentina. The book exposes and analyzes the institutional framework that restrained the development of the oil industry in Argentina, and suggests radical change—giving surface owners title to the subsurface.

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For centuries, hierarchical models dominated human organizations. Kings, warlords, and emperors could rally groups--but also oppress them. Non-hierarchical forms of organization, though, are increasingly defining our lives. It's no secret how this shift has benefited our social lives, including dating, and it's becoming more commonplace even in the corporate world. But it has also now come even to organizations bent on domination rather than human flourishing, as the Islamic State shows. If even destructive groups rely on this form of entrepreneurial organization, then hierarchy's time could truly be coming to an end.
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