Comments by "" (@ericsaxon5736) on "Why Is Southern Europe So Poor?" video.

  1. The Bubonic Plague came from China and wiped out populations from Beijing, to Baghdad, all the way to Venice and London, it didn't discriminate, so mentioning it seems like red herring. How about just 'the resource curse' ever hear of it? Yeah, Spain suffered from it for about 300 years from 1492 till about 1824 and the Independence of Mexico. While Northern Europe industrialized and made things for others to buy, and grew prosperous because of it. The Spaniards and the Portuguese, dug/harvested gold, silver, rubber, tobacco etc.. the world over. Problem is, their colonies went independent, as colonies are known to do, the silver and gold dried up, and Spain and Portugal wound up being 300 years, 'behind the eight-ball.' Italy built its wealth on extracting gold from Spain and Portugal, while Northern Europe innovated. Spain decoupled from the resource curse about a century or two ahead of Sub-Saharan Africa, which is why they are ahead but not to the same degree as their Northern cousins.
    1