3 ms·
You could get a lot of the way there if governments didn't sell or lease extraction rights at a bargain. And they do that for a number of reasons, but mostly be
by djur 5y ago
You could get a lot of the way there if governments didn't sell or lease extraction rights at a bargain. And they do that for a number of reasons, but mostly because extraction and processing of natural resources is good for local economies. This is what ended up causing the "Sagebrush Rebellion" in the western United States, which is an ongoing political issue.
https://en.wikipedia.org/wiki/Sagebrush_Rebellion https://en.wikipedia.org/wiki/Sagebrush_Rebellion
- epistasis 5y agoYes, the Georgist solution is similar to what Norway has done with its oil resources, which have collectively made Norway immensely wealthy in comparison to the petroleum states elsewhere around the world. The difference is whether the state will be allowed to profit from its own resources, or is the nation under the thumb of a more militarily powerful nation and there exploited by foreign capital. We let Norway exploit its resources its own way, in other nations we have interfered mightily to better our own interests at the expense of the populations of the nation that owns the oil resource.