Re:WhiteHat Jr’s founder files $2.6M defamation suit against...
by brabel on Tuesday November 24, 2020 @03:43PM
(#25202815)
> 'rich' -> 'improving things' are the same thing.
I meant "improving things" not just for yourself, but for your community. Most rich people in poor country don't give a shit about their community, to the contrary, they exploit them as much as they can without giving anything back.
'rich' -> 'improving things' are the same thing.
Individuals can 'get rich' just by being corrupt.
But a nation generally cannot.
Yes, natural resources will help, but they are never the true basis for progress, because without civility, the wealth generated from the resources will be fleeting.
Domestic consumption is generally the only long-term 'stay rich' strategy and it depends to a high degree on civility.
Saudi Arabia can do as they please and remain rich for a while, but it's not sustainable.
Canada, Australia can get a 'jumpstart' and have a 'cushion' due to natural resources but even then it's not obvious.
Most of Africa is rich in natural resources and they are poor, it's mostly a systematic issue.