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by IG_Semmelweiss 1900 days ago
There is a long line of countries that found black gold (oil) in the 70's, such as Venezuela , that are since economic basket cases.

Or take some African countries with Diamonds.

My point is that because you have a revenue source / competent niche, that does not guarantee a competent government. Usually the only thing you can guarantee is that unplanned riches or resources will lead to waste and corruption. Its not an accident that the norwegian sovereign fund is an rarity, not a rule.

I am curious if there is a genesis to the level of crime and abandonment so pervasive in DE.... from the success DE enjoyed early on, via corp registration riches.

1 comments

Just to enrich your comment, the grand parent should probably read "The Dictator's Handbook"[0] by de Mesquita or watch this adaption:

https://www.youtube.com/watch?v=rStL7niR7gs

[0] https://www.goodreads.com/book/show/11612989-the-dictator-s-...