Norway did nationalize their oil though?
Comment on Which countries combine high quality of life and strong equality?
MyBrainHurts@piefed.ca 1 day agoIf you’re going to start nationalizing previously established resources, that’s going to have all sorts of wild reprecussions and is not what Norway did.
But beyond the logistics, which similarly profitable resources are you thinking of?
prole@lemmy.blahaj.zone 22 hours ago
MyBrainHurts@piefed.ca 18 hours ago
previously established
In other words, Norway established this stuff pretty quickly when oil was discovered. That’s wildly different from taking over existing private enterprise.
People really don’t like it when you take things away as opposed to having a set of rules before anyone begins.
njm1314@lemmy.world 1 day ago
Well if course it won’t be the same. Thats why you have to export it.
All of them. All of a nations natural resources rightfully belong to the people from oil to water. From rare earth minerals to timber.
MyBrainHurts@piefed.ca 1 day ago
All of a nations natural resources rightfully belong to the people
Yes and we have a liberal democracy to determine how best to use them. Thankfully, most folks understand that simply nationalizing resources comes with huge reprecussions which greatly outweigh the gains.
Do you have a successful example of your proposal in mind?
Cooper8@feddit.online 1 day ago
Most Oil and Gas reserves remaining in the US are on public land, as is the massive lithium deposit just discovered in southeastern Oregon. Then there are the seabed polymetalic nodules that will be mined sooner or later. There are plenty of opportunities to nationalize natural resources, what is lacking is political will.
MyBrainHurts@piefed.ca 18 hours ago
Lithium is not nearly as profitable as oil. It costs a huge amount to extract and refine (China has such a chokehold on critical minerals, not because they have so much more but because they’ve built an incredibly efficient set of supply chains.)
And personally, I am very much not in favour of tearing down what little protected land is left in America. But you will be happy to know that trump strongly agrees with you and is opening up a swathe of public land for oil and gas.
birdwing@lemmy.blahaj.zone 1 day ago
A liberal democracy isn’t exactly a free democracy. Billionnaires have far more buying power and so the odds are much more in their favour to bribe and corrupt institutions. That is why they like “liberal” democracy and corporate dictatorships.
If you want to understand, then go to one of those US “for profit” prisons. Works well, huh?
MyBrainHurts@piefed.ca 18 hours ago
Not every liberal democracy is America.
If you want to understand, you might go to Canada where strict campaign finance laws generally reign in billionaires.
birdwing@lemmy.blahaj.zone 1 day ago
Norway did that, though. The pension fund that’s financed from that oil, is nationally owned, iirc.
MyBrainHurts@piefed.ca 18 hours ago
In other words, Norway established this stuff pretty quickly when oil was discovered. That’s wildly different from taking over existing private enterprise.
People really don’t like it when you take things away as opposed to having a set of rules before anyone begins.
birdwing@lemmy.blahaj.zone 17 hours ago
We take nothing away and give everything to the people. Capitalists are the problem.
MyBrainHurts@piefed.ca 17 hours ago
Yeah, this isn’t going to be productive or interesting.
Have a nice day.