Worth noting that most of the time oil (newly discovered natural resources really)makes a country poorer than richer. See Venezuela and such.
Hmm, somebody should let the Middle East know that they’re poor.
More likely, the discovery of oil attracts the worst kind of industrialists, who will exploit the workers into abject poverty, and take all the wealth. It isn’t the oil that makes the people poor, it is the government who sells them out.
I don’t get your point? The US is one of, if not the wealthiest, country in the world. We made money off of slaves, oil, gold, child labor and now taking advantage of our working class without paying for healthcare. It also used to be innovation, but that’s going away. We should be doing even better. How many of the wealthiest in the world live here?
The argument isn’t that the US can’t do it, it’s that there are only a few countries that ever could. It’s pitched as some sort of universal fix, but can’t be done without a vast amount of pre-existing wealth.
It’s pitched as some sort of universal fix, but can’t be done without a vast amount of pre-existing wealth
Right, which we have. There are also enough wealthy countries and the EU that could stop causing chaos in developing countries while supporting our own, that would make everyone’s lives better.
You were the first person in this comment chain to mention the US (important to note that the post doesn’t, either). Nobody said the US couldn’t do this, they just explained the reason Norway can.
worth noting how norway is rich off of oil
Worth noting that most of the time oil (newly discovered natural resources really)makes a country poorer than richer. See Venezuela and such.
So good on Norway to not give in to unbridled corruption and out that money on a public fund to make its own citizen wealthy
Well yes, Norway’s leader wasn’t assassinated by the US, followed by sanctions and throwing money and weapons at militant factions. I wonder why…
Hmm, somebody should let the Middle East know that they’re poor.
More likely, the discovery of oil attracts the worst kind of industrialists, who will exploit the workers into abject poverty, and take all the wealth. It isn’t the oil that makes the people poor, it is the government who sells them out.
I don’t get your point? The US is one of, if not the wealthiest, country in the world. We made money off of slaves, oil, gold, child labor and now taking advantage of our working class without paying for healthcare. It also used to be innovation, but that’s going away. We should be doing even better. How many of the wealthiest in the world live here?
The argument isn’t that the US can’t do it, it’s that there are only a few countries that ever could. It’s pitched as some sort of universal fix, but can’t be done without a vast amount of pre-existing wealth.
Right, which we have. There are also enough wealthy countries and the EU that could stop causing chaos in developing countries while supporting our own, that would make everyone’s lives better.
You were the first person in this comment chain to mention the US (important to note that the post doesn’t, either). Nobody said the US couldn’t do this, they just explained the reason Norway can.
Worth noting that the Nordic model made Norway, and other Nordic countries, quite rich even before they discovered oil.
It is replicable, and continued to make Nordic countries without oil, rich as well.