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So here is my challenge. Make me a timeline where during the 20th century the Middle East and Africa become an all out battleground for resources not between nations and rival polities, but rather between extremely wealthy and powerful corporations using private armies to fight over the most valuable assets available in the region (diamonds, oil, etc.).

I imagine government authority in these regions would need to be incredibly weak, though it's not a requirement. For that matter, something weird would need to happen with the governments at home to allow this to go on for any real length of time.

"The Corporate Wars" must be a continuous thing lasting over a period of decades. They can be over by 2000 - or not - it doesn't matter, but they should last throughout most of the post-WW2 century.

While I'm mainly thinking of a post-WWII timeframe, the POD can be pre-WWII as well, even butterflying the war entirely or altering it in some way that leads to this. The latter at least is probably necessary, though you're welcome to surprise me.

Note: The Corporations can be capable of seizing territory to fund their armies and to better exploit the resources of the region. Cheap/free labor.
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