this post was submitted on 14 Dec 2025
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Microblog Memes

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[–] BarneyPiccolo@lemmy.today 4 points 4 days ago* (last edited 4 days ago)

Worth noting that most of the time oil (newly discovered natural resources really)makes a country poorer than richer. See Venezuela and such.

Hmm, somebody should let the Middle East know that they're poor.

More likely, the discovery of oil attracts the worst kind of industrialists, who will exploit the workers into abject poverty, and take all the wealth. It isn't the oil that makes the people poor, it is the government who sells them out.