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"Catch them young" Canada was a highly developed economy before the era of big oil. It has the third largest proven oil reserves after Venezuela and Saudi Arab
by gmt2027 15y ago
"Catch them young"
Canada was a highly developed economy before the era of big oil. It has the third largest proven oil reserves after Venezuela and Saudi Arabia. Despite high production, primary industries constitute less than 6.2% of GDP. Contrast this with embryonic economies that were just emerging from colonial control, where a few million dollars was disproportionately above average income and you could buy yourself a government by creating a ruling oligarchy.
"We only negotiate with terrorists when they're selling oil."
The capitalist deception is that money bought weapons for the ruling class to do the dirty work of taking these resources by force when necessary. Doing big business with a thug empowers him; when he's several orders of magnitude wealthier than everyone in his community, you get a polarized society of highly successful armed gangs and oppressed people. When he's also a religious extremist you get the Taliban. Can a free market exist without a free society?