3 ms·
Societies that have failed despite having lots of resources because of cultural deficiencies or lack of intelligence, well, that could be applied to the whole o
by ahbyb 7y ago
Societies that have failed despite having lots of resources because of cultural deficiencies or lack of intelligence, well, that could be applied to the whole of Africa. But that's really opening a bad can of worms ;-)
- TeMPOraL 7y agoYou don't have to open the can of worms. Resource curse is a recognized phenomenon. https://en.wikipedia.org/wiki/Resource_curse https://en.wikipedia.org/wiki/Resource_curse
- imtringued 7y agoI can imagine it's because it is very easy for corruption to absorb the wealth. The government has full control over the mineral rights of its land so authoritarian governments spend all of the money on foreign goods because they don't care about their domestic economy and simply trade the goods in USD [1] or some other stable currency that isn't tied to their country.
- dang 7y agoIf you go into race war here we're going to have to ban you again.
- ahbyb 7y agoSorry.