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Sauerkraut_n_Pepsi t1_j849do3 wrote

The comment at the top of the thread, and yours, make it appear that the anti-immigration policy single handedly tanked the economy. While it didn’t help, in actuality it’s only one of like 100 reasons why Nauru is in bad shape.

There was no foresight or even the slightest consideration of long-term effects when the mining companies decided to strip the island barren. They knew that it would render the island uninhabitable once there were no phosphates left. This is why a relocation was proposed.

Also worth noting: the government of Nauru placed the money that it earned through mining in a trust to support the citizens once this inevitably happened. Due to mismanagement and a series of bad investments in real estate and Musical theatre, the assets in the trust were wiped out and basically bankrupted the government and its national bank ceased to exist.

So yeah anti immigration policy. Among many many other failures.

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Your_Ebb_And_Flow t1_j866afg wrote

If by "left wing" you mean corporate left, eager to depress wages with a large mostly uneducated workforce, then yes, we can both agree that the right wing method is better. Globalist scum

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[deleted] t1_j83qsd0 wrote

[deleted]

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Potatoswatter t1_j83vz5h wrote

That’s what the Nazis said, and they claimed Socialism in their party’s name, but we don’t call them leftist do we.

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ObjectiveTraffic7050 t1_j84unre wrote

Isn't a common feature of right-wing economics to support a country opening it's resource extraction industries to foreign investment, under the theory that doing so will raise the living standards of its people who wouldnt otherwise be able to profit from their own resources due to lacking the wealth needed to do it themselves?

I'm not blaming the "right wing" for this by the way: back in 1967 I'm sure only a few losers who were jealous of others' wealth were suggesting that too much mining, too fast, could permanently damage the island's economy. We know better now.

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