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This will really suck for these countries. As someone who lives in an oil producing country, OPEC is a horrible model to follow. Almost all the countries in OPE
by aboyeji 15y ago
This will really suck for these countries. As someone who lives in an oil producing country, OPEC is a horrible model to follow. Almost all the countries in OPEC are corrupt, inefficient and have dictatorial govts who oppress the majority poor in their countries.
That said, I wonder what impact this will have in other conflict regions that provide lithium or substitutes to lithium like Congo and Afghanistan.
- davidw 15y agoChile already makes much(most?) of it's money from copper, and lately it seems that they have a decent handle on things, in that it's a stable democracy.
- xlpz 15y agoWhat's the alternative exactly? Sell your resources as cheap as possible to avoid being corrupted by money? Surely there should be a way of capitalizing on your natural resources to improve the living standard of your people, and the explanation for most OPEC countries not being great is a big more complicated than this.