4 ms·

Two counter examples to your first statement about positive benefits of massive increases in wealth: Nigeria and Venezuela.

• oldmanjay 10y ago
  That's two out of how many countries where it was successful? You almost certainly live in one.
• dave_sullivan 10y ago
  To be fair, the failings there had to do with the source of wealth being natural resources, rather than innovation per se. I'd also add Russia and Brazil to that list, but there are others. See https://en.m.wikipedia.org/wiki/Resource_curse https://en.m.wikipedia.org/wiki/Resource_curse Personally, I think it's the difference in mentality between lottery winners and builders of successful products (who often work within difficult constraints and have to become very good at problem solving to succeed). There's a reason why lottery winners do not typically compound their success.
• deleted 10y ago
  [deleted]