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Biggest drawback is the government's complete inability to exploit said resources. Didn’t anybody learn Venezuela's lesson?!
by nickpp 3y ago
Biggest drawback is the government's complete inability to exploit said resources. Didn’t anybody learn Venezuela's lesson?!
- malermeister 3y agoOr Norway's? ... wait a minute.
- nickpp 3y agoI never seen Norway model successfully replicated anywhere else. Maybe it requires something else as well, like… Norwegians?!
- malermeister 3y agoAre you saying only Superior Nordic White People could possibly do things the right way? All those PoC are inherently corrupt or incapable of building functioning systems? That sounds... racist.
- ZeroGravitas 3y agoSome people have suggested that it was in fact an Iraqi that set them on the right path, after seeing it go wrong in his own country: https://psmag.com/.amp/environment/iraqi-vikings-farouk-al-kasim-norway-oil-72715 https://psmag.com/.amp/environment/iraqi-vikings-farouk-al-k... > Norway’s anti–resource curse is often attributed to exceptionalism: Viking genes or the like. But one secret of its success—maybe the secret—is not Norwegian at all, but a twinkly 77-year-old Iraqi-born oil geologist named Farouk al Kasim.
- nickpp 3y agoDid the “Norwegian” model work in Iraq first then? If not, why not?
- nickpp 3y agoIt’s not race but it may be culture. Not what color Norwegians are, but what they do. Things like corruption, education, religion, ethics, customs and life/work habits all influence productivity. Also here in Europe at least there seems to be a correlation between latitude and country performance which could imply some climate influence as well.
- deleted 3y ago[deleted]
- dffdsa432 3y agoNorway owns significant shares in Statoil but it is not nationalized. It's a public company listed on stock exchanges.
- malermeister 3y agoThe government owns 67%, a controlling interest. https://www.equinor.com/investors/our-shareholders https://www.equinor.com/investors/our-shareholders