this post was submitted on 30 Oct 2024
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With all the money going into the Ukraine war and other ventures since Putin came to power, I imagine there's a lot of stuff he could've done to make the world a better place and Russia a formidable world power.

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[–] [email protected] 32 points 3 weeks ago (3 children)

Almost every single country with an extraction-based economy is either a dictatorship or a failed state. The single exception is Norway, which discovered oil after it was already an advanced democracy. A country with natural resources does not need to invest in its human capital, or worry about democracy.

Russia's natural resources are its curse.

[–] [email protected] 11 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

There is actually a good video by CGP grey on why this is. https://youtu.be/rStL7niR7gs

[–] [email protected] 4 points 3 weeks ago

Remove the tracker from that url https://youtu.be/rStL7niR7gs

[–] [email protected] 2 points 3 weeks ago (1 children)

The Netherlands is also wealthy because of their natural gas.

So it is definitely possible to not be a dictatorship, and a good Putin would make it so.

[–] [email protected] 19 points 3 weeks ago (1 children)

The Netherlands is absolutely not wealthy because of its natural gas. The Netherlands is a manufacturing center, a farming powerhouse (it's literally the world's number 2 food exporter). It was Europe's original trading empire. Today it contains the closest thing Europe has to Silicon Valley, with world-class universities and the super-high-tech ASML. It's been a wealthy country for centuries because it has invested in its people. The natural gas is an anecdote.

[–] [email protected] 1 points 3 weeks ago (2 children)
[–] [email protected] 5 points 3 weeks ago (1 children)

ASML Holding, a Dutch company that supplies photolithography systems for the semiconductor industry

You're one search away from the truth, my friend

[–] [email protected] 1 points 3 weeks ago* (last edited 3 weeks ago)

holding? so looks like i will be going on the wikipedia app today

edit: hmm it truly is, must've confused ARM.

[–] [email protected] 2 points 3 weeks ago

You're thinking of ARM

[–] [email protected] 1 points 3 weeks ago

In America the corporate dictatorship was started when oil was discovered and the billionaire class created.