News for hackers. Stuff that matters.

A comment on Norway is wealthy because of oil. Can it give up fossil fuels?. Parent comment

Re:Norway is wealthy because of oil. Can it give up fossil f... by space_fountain on Saturday September 18, 2021 @11:59AM (#28577194)
I think most people would say colonialism did a poor job of explaining safety at least. Instead it was often powered by racism and subjugation. We do desperately need to find a way to help countries develop, but on the balance colonialism doesn’t seem to be it
[ Parent | on HN ]
Re:Norway is wealthy because of oil. Can it give up fossil f... by throwaway210222 on Saturday September 18, 2021 @12:07PM (#28577249)
> We do desperately need to find a way to help countries develop.

Hold our currencies.

[ Parent | on HN ]
Re:Norway is wealthy because of oil. Can it give up fossil f... by space_fountain on Saturday September 18, 2021 @04:53PM (#28579206)
In that the solution is to give them money? Because they doesn't seem to have worked so well either? Or do you mean that really foreign policy is just about keeping the dollar dominate
[ Parent | on HN ]
Re:Norway is wealthy because of oil. Can it give up fossil f... by throwaway210222 on Sunday September 19, 2021 @02:25AM (#28582131)
It means that every midlle-clas person, and every foreign and local company in the developing world is obsessed with "getting their money out".

And this rational fear is becuase our currencies continue to devalue.

You did ask.

[ Parent | on HN ]
Re:Norway is wealthy because of oil. Can it give up fossil f... by space_fountain on Tuesday September 21, 2021 @01:31PM (#28607419)
No that's interesting and seems possible. I'm not sure which way the causality works. I think I haven't really seen great examples of isolationism working for development, but maybe some combination of capital controls and confidence in the countries trajectory are helpful
[ Parent | on HN ]