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6/25/2025, 4:29:55 AM
>>508649829
Our primary export is iron ore, not coal. And yes, it's a pretty underdeveloped economy. But it's classic Dutch disease - why make a more sophisticated economy if you have an abundance of mineral resources to sell? There is no reason to try harder if you're already taking a huge dump on the Italian economy just by digging rocks out of the ground. It's depressing that we don't make high-end cars or machinery like Italy does, but fundamentally there is no reason to do so.
Our primary export is iron ore, not coal. And yes, it's a pretty underdeveloped economy. But it's classic Dutch disease - why make a more sophisticated economy if you have an abundance of mineral resources to sell? There is no reason to try harder if you're already taking a huge dump on the Italian economy just by digging rocks out of the ground. It's depressing that we don't make high-end cars or machinery like Italy does, but fundamentally there is no reason to do so.
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