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I'm curious to see whether this will end up like Bolivian coup. The advent of electric cars made rare earths equivalent to oil. I wouldn't wish to any small/w
by one2three4 6y ago
I'm curious to see whether this will end up like Bolivian coup.
The advent of electric cars made rare earths equivalent to oil.
I wouldn't wish to any small/weak country to have significant reserves of them.
- vages 6y agoGreenland is an autonomous region within Denmark, a Nato and EU member: https://en.wikipedia.org/wiki/Greenland https://en.wikipedia.org/wiki/Greenland There hasn't been a political coup within the Nordic countries during the last 50 years, and I'm quit sure the last 100 too. That is, unless you count the coups during WWII reacting to outside invasions. Compare that with the number of coups in South America during the same time. As stated, Denmark is a Nato and an EU member, so an actual invasion is simply unthinkable within today's political system.
- handelaar 6y agoGreenland itself, however, left the EEC in 1982.
- cm2187 6y agoThe main risk of having significant reserves of something valuable is to become complacent and to let your whole economy rely on that alone.
- tonyedgecombe 6y agoDutch disease[1]. It's not just complacency, dominant industries can suck up all the talent and strengthen currencies making life difficult for everyone else. [1] https://en.wikipedia.org/wiki/Dutch_disease https://en.wikipedia.org/wiki/Dutch_disease