At one time Angola was a Marxist-Leninist political and economic system. After the fall of the Soviet Union, Angola allowed for a market economy to emerge. The new policy did not bring about prosperity, when President Jose Eduardo dos Santos encouraged foreign investment. Angola became one of Africa's largest oil producers, but most Angolans did not see improvement related to income or an increase in the standard of living. The economy fell into a worse condition by 2016. He stated that Angola was broke and blamed it on mismanagement by the state oil firm Sonangol. It was apparent by this point a level of corruption was responsible for stolen wealth or missing funds. The appointment of Isabel dos Santos as chairwoman was designed to cover-up criminal acts and ensure that the Santos family could continue to enrich itself. During that year it was a struggle to generate funds for essential imports. Jose Eduardo Dos Santos left a legacy of kleptocratic government, failed free market policies, and nepotism.
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