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leidenfrostyesterday at 12:33 PM1 replyview on HN

The real culprit is the International Division of Labour.

Some countries sell primary goods and other countries manufacture them.

But it turns out it's the manufacturing industry the one that trickles wealth the most, raises salaries and improves education overall.

China knew this. And used all its non-democratic powers to make their country a manufacturing superpower.

A country that only extracts natural resources can't hold a numerous population. And if it does, a big % of them is doomed to a life of misery.


Replies

IAmBroomyesterday at 2:04 PM

I read an interesting article once that mentioned, the worst thing that can happen to your country is that it sits on a large supply of rare resources.

You'd think it would make you rich; instead it makes you miners, and ripe for invasion.

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