I think it's meant to convey grief that Australia has allowed itself to be explo... | Hacker News

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		AlexCoventry on Oct 7, 2021 \| parent \| context \| favorite \| on: An Iraqi who saved Norway from oil (2009) I think it's meant to convey grief that Australia has allowed itself to be exploited by foreign miners, and waste the wealth that its natural resources could have generated.

bobthepanda on Oct 7, 2021 [–]

hasn't Australia consistently had uninterrupted economic growth?

Australia has the highest median household wealth of any country in the world. https://www.statista.com/chart/19651/countries-with-highest-...

AlexCoventry on Oct 7, 2021 | | [–]

But its net debt is something like 40% of GDP, whereas Norway's is something like -110%.

https://knoema.com/atlas/Australia/topics/Economy/Financial-... https://knoema.com/atlas/Norway/topics/Economy/Financial-Sec...

ceejayoz on Oct 7, 2021 | | [–]

https://en.wikipedia.org/wiki/Australian_property_bubble

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