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I would list Norway as exceptional since every other petro-state has had generations of corruption and most have credible histories of human rights violations.
by calmbonsai 2y ago
I would list Norway as exceptional since every other petro-state has had generations of corruption and most have credible histories of human rights violations.
- dyauspitr 2y agoThey’re definitely governing well but without the oil it would all break down in a heartbeat.
- calmbonsai 2y agoThe fun "life-hack" is now the oil doesn't matter anymore. Norway needed it initially, but thinks to smart conservative finance policies now they don't. As as lovely counter example, look at all of the UAE's expenditures on attempts at "destination tourism" revenue. UAE "invested" its money into concrete. Norway invested its money into its people.
- jfengel 2y agoI would note that the US, while not technically a petrostate, does get almost 10% of its economy from the fossil fuel industry.