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"And there are enough resources out there to make all that stuff for them " Yes, there is. Advanced economies are mostly service based. Countries are poor be
by jomamaxx 10y ago
"And there are enough resources out there to make all that stuff for them "
Yes, there is.
Advanced economies are mostly service based.
Countries are poor because of lack of social organization.
Many poor countries have tons of resources (Africa).
Many rich countries (UK, Japan, Germany, Singapore) etc. - have none.
- arethuza 10y agoThe UK had huge coal reserves and decent sized oil reserves - the former powered the Industrial Revolution and the latter kept the lights on during the 1980s.
- jomamaxx 10y agoCoal definitely was important for the industrialized revolution, but UK oil is not a hugely important ingredient today. They would be rich without it.