Poiar, 11 months ago Finding oil tends to fuck up a nation, making the nation’s other industries unable to compete due to the currency being too strong. That Norway succeed in remaining a stable state after finding oil is a bit amazing, seeing as oil nations tend to become ruled by oligarchies. I.e., the guy you’re responding to makes no sense. Having oil usually means that you become an undemocratic hell hole.
Finding oil tends to fuck up a nation, making the nation’s other industries unable to compete due to the currency being too strong.
That Norway succeed in remaining a stable state after finding oil is a bit amazing, seeing as oil nations tend to become ruled by oligarchies.
I.e., the guy you’re responding to makes no sense. Having oil usually means that you become an undemocratic hell hole.