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Nationalizing oil has been tried quite a few places with wildly variable results. In the worst case, you get Venezuela, in the best you get something like UAE
by mothballed 1y ago
Nationalizing oil has been tried quite a few places with wildly variable results. In the worst case, you get Venezuela, in the best you get something like UAE where the citizens basically only have jobs if they get bored or want to play police to lord over the foreigners.
- dylan604 1y agoWhat about Alaska? https://en.wikipedia.org/wiki/Alaska_Permanent_Fund https://en.wikipedia.org/wiki/Alaska_Permanent_Fund