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Well, Norway discovered oil and managed to distribute the profits evenly (I think). Not many oil-rich countries did that. And regarding Eastern Europe, it was
by tpm 9y ago
Well, Norway discovered oil and managed to distribute the profits evenly (I think). Not many oil-rich countries did that.
And regarding Eastern Europe, it was not always poor, for example the Czech part of Czechoslovakia was more prosperous than Austria both before and immediately after WW2, but that changed during communism and Austria is still much more prosperous nearly 30 years after the fall of communism.
- thriftwy 9y agoYou see the irony, right? Norway, capitalistic, manages to distribute the profits. USSR, communistic, fails. It spends all the oil and gas and all other minerals known to man on communisty things like insane amount of weaponry, help to fellow communist regimes who never pay back, etc, etc. But its citizens lead the life so miserable that the only joy is binge drinking and the country dissipates overnight. And from this point it only gets worse.