samedi 3 septembre 2022

The Russian Invasion of Ukraine part 5

Quote:

Originally Posted by Ziggurat (Post 13891154)
That dynamic isn't simply the result of greedy oligarchs, though. It's a dynamic referred to as "Dutch disease" where a natural resource boom almost guarantees a manufacturing contraction. Hard to avoid even without greed and corruption.



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Funnily enough, Australia has experienced exactly that by having a capitalist attitude to mining, but Norway with a Socialist policy has avoided it.



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