Viewing a single comment thread. View all comments

[deleted] t1_j83qsd0 wrote

Reply to comment by arsenix in TIL the Pacific island nation of Nauru has been so damaged by phosphate mining that in 1964 Australia offered to repopulate the entire nation to Curtis Island near the Australian Coast. Nauru refused the offer in order to maintain their sovereignty and not become part of Australia. by triviafrenzy

[deleted]

−25

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.

13

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.

−3