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Re:El Salvador Plans to Use Electricity Generated from Volca... by 29athrowaway on Friday June 11, 2021 @12:20PM (#27475261)
When a government...

1) owns a profitable state company

2) that does not require the cooperation of the population in order to be profitable

...the result is a dictatorship.

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

Re:El Salvador Plans to Use Electricity Generated from Volca... by lucb1e on Friday June 11, 2021 @12:36PM (#27475450)
That sounds a lot like Norway though, didn't they have this massive amount of money from some natural resource (oil I think) and made a big pension fund for the population?

There are obviously also counter-examples, but a currently-democratic country finding a new way to make money from natural resources, I wouldn't expect we have a large enough sample size to really say anything about that with certainty.

Edit: The Norway thing being (for those interested):

> [The oil fund] was established in 1990 to invest the surplus revenues of the Norwegian petroleum sector. It has over US$1.3 trillion in assets, including 1.4% of global stocks and shares, making it the world’s largest sovereign wealth fund. In May 2021, it was worth about $248,000 per Norwegian citizen.

https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Nor...

Re:El Salvador Plans to Use Electricity Generated from Volca... by 29athrowaway on Friday June 11, 2021 @01:07PM (#27475870)
Because oil was discovered in modern times when Norway was already a developed society with strong institutions and an educated populace.

In contrast, El Salvador right now is still fighting barbarism and anarchy.