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Famously saved by a former Iraqi petroleum executive, who knew about the resource curse: https://www.cbc.ca/amp/1.2604105 https://www.cbc.ca/amp/1.2604105
by bugglebeetle 3y ago
Famously saved by a former Iraqi petroleum executive, who knew about the resource curse:
https://www.cbc.ca/amp/1.2604105 https://www.cbc.ca/amp/1.2604105
- gruez 3y ago[deleted]
- bugglebeetle 3y agoThis is honestly such a bizarre degree of skepticism for something so widely reported, I’ll try not to impute what might be motivating it. Farouk Al-Kasim was knighted by the King of Norway for his efforts in this of all things, so no, not really. You’re quite wide of the mark. His guidance was also shaped more by the experience of Netherlands in the 60s as much as it was Iraq, as is cited in the article.
- vages 3y agoNorway had successfully georgist tax policies in place for hydropower for half a century at that point. He was not fighting as much of an uphill battle as he would almost anywhere else: https://slimemoldtimemold.com/2022/05/17/norway-the-once-and-future-georgist-kingdom/ https://slimemoldtimemold.com/2022/05/17/norway-the-once-and... https://progressandpoverty.substack.com/p/norways-sovereign-wealth-fund?ts=w https://progressandpoverty.substack.com/p/norways-sovereign-... (Update: This is not to detract from his achievement, but to harp on the fact that Georgism is one of the most useful, underrated tools in the economic toolboxt)