Re:Unlike most millennials, Norway's are rich
by ordinaryperson on Saturday July 14, 2018 @11:18AM
(#17530649)
Venezuela has almost totally collapsed under Chavez-Maduro's "socialism".
Russia is a kleptocracy of Putin and his inner circles of billionaires.
The US economy has seen a fairly significant boost from shale gas and fracking.
Better counter-examples than those 3 would be Saudi Arabia and (to a lesser extent) Nigeria. And yes, as those 2 demonstrate it's not that simple, it's easy to fall prey to "the resource curse" aka "Dutch disease": https://en.wikipedia.org/wiki/Dutch_disease
Russia is a kleptocracy of Putin and his inner circles of billionaires.
The US economy has seen a fairly significant boost from shale gas and fracking.
Better counter-examples than those 3 would be Saudi Arabia and (to a lesser extent) Nigeria. And yes, as those 2 demonstrate it's not that simple, it's easy to fall prey to "the resource curse" aka "Dutch disease": https://en.wikipedia.org/wiki/Dutch_disease
Norway has been wiser in its approach.