“THE PARADOX OF PLENTY”

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WHY ARE PEOPLE SO POOR IN RESOURCE “RICH” COMPANIES?

A TALK BY TERRY LYNN KARL

There’s never been more wealth – and never more economically desperate and disenfranchised people.

What’s going on?

The countries that seem to be hit the hardest are countries with massive mineral and oil wealth.

 

It’s a paradox. They have all the money in the world and it turns out to be more of a curse than a blessing.

This is a bit of an academic talk – therefore a little dry – but the ideas are worth our attention and thought.