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Economics Explained
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Comments by "" (@shauncameron8390) on "This Tiny Country Built the Laziest Economy in the World" video.
Namely left-wing economists.
8
@ArawnOfAnnwn Equatorial Guinea. Don't let its high GDP per capita fool you as 75% of the population is poor.
7
@bobbyofbrunei2023 Because they're infantilized.
3
And then beg imperialists for a bailout once their model fails them.
2
They don't actually care about the country as much as they care about staying in power at any cost.
1
As long as you keep your mouth shut and do as you're told.
1
The dangers of communism are real. And the USSR collapsed despite having the most resources of any country that adopted communism. Never mind the other countries that ended up either adopting capitalist reforms or resigning themselves to being isolated kleptocracies
1
Canada is not that dependent on oil. Just the province of Alberta is.
1
And used to have the world's highest household debt until Canada took over that spot.
1
No more than Equatorial Guinea is despite having oil.
1
@nickchua5772 They were frivolous spenders when they were broke
1
@Omer1996E.C There's not much of a private sector in Brunei.
1
But many are generally lousy with personal finances.
1