Re:South Korea: The only middle power of its kind
by haakonhr on Tuesday August 03, 2021 @03:06PM
(#28052873)
That's inaccurate at best about the Nordics. Norway, yes, and Denmark to some degree. Neither Finland or Sweden have or had any significant oil and gas reserves, but built their economies on industry (and mining to some extent).
Re:South Korea: The only middle power of its kind
by pastage on Tuesday August 03, 2021 @03:36PM
(#28053169)
Agreed, but mining has historically been a big in Sweden (part of the reason why so many minerals were named by Swedish scientists). While we now have focus on other areas it has always been an important part of the economy.
Re:South Korea: The only middle power of its kind
by ardit33 on Tuesday August 03, 2021 @04:31PM
(#28053772)
This is pretty wrong. Most immigrants come from much poorer countries, and they themselves have to restart everything from scratch, with little saving and no home ownership.
People coming from the Philipines, or India, or Eastern Europe, post communism from the 90s had to restart everything from scratch, including learning the language, yet over time they end up doing well.
You have this weird mentality, that all immigrants are coming rich, and from rich countries, which is the opposite from the truth.
I guarantee, that Someone in Bangladesh coming here, has had a much harder life, than the average minority living in Brooklyn or Queens.
Yet, even the obstacles, they end up doing better than the locals. So, initial conditions are not the major hamperer of success.
Re:South Korea: The only middle power of its kind
by spothedog1 on Wednesday August 04, 2021 @12:11PM
(#28062718)
Not sure where you got that idea but I definitely don't think all immigrants coming here are rich, I'm a huge advocate for more poorer/low skilled immigration. I've outlined in a bunch of other comments why exactly but for them if their life struggling in the US is better than where they left and they are voluntarily here to give themselves and their children a better life it's good with me and a huge benefit to the USA.
France invited large amounts of immigrants from Africa to help rebuild so it’s not like they didn’t see immigration.
I think there are two main reasons that the poorest parts of the population are stagnating. One is poverty traps, and especially multi generational poverty traps are very hard to escape. Another is geographic location. Americans dont move as much as they used to, all around the world poorer people move to areas with more jobs and opportunity but today mostly richer people move and poorer people stay put in areas that are impoverished.
Immigrants largely don’t come with a set geography or generational poverty weighing them down which is why their kids do so well.