Comment on An Iraqi who saved Norway from oil (2009)parentComments−AlexCoventry4yI think it's meant to convey grief that Australia has allowed itself to be exploited by foreign miners, and waste the wealth that its natural resources could have generated.−bobthepanda4yhasn't Australia consistently had uninterrupted economic growth?Australia has the highest median household wealth of any country in the world. https://www.statista.com/chart/19651/countries-with-highest-...−AlexCoventry4yBut its net debt is something like 40% of GDP, whereas Norway's is something like -110%.https://knoema.com/atlas/Australia/topics/Economy/Financial-... https://knoema.com/atlas/Norway/topics/Economy/Financial-Sec...−ceejayoz4yhttps://en.wikipedia.org/wiki/Australian_property_bubble
Comments
I think it's meant to convey grief that Australia has allowed itself to be exploited by foreign miners, and waste the wealth that its natural resources could have generated.
hasn't Australia consistently had uninterrupted economic growth?
Australia has the highest median household wealth of any country in the world. https://www.statista.com/chart/19651/countries-with-highest-...
But its net debt is something like 40% of GDP, whereas Norway's is something like -110%.
https://knoema.com/atlas/Australia/topics/Economy/Financial-... https://knoema.com/atlas/Norway/topics/Economy/Financial-Sec...
https://en.wikipedia.org/wiki/Australian_property_bubble