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[–] 21 points 1 month ago* (5 children)

Invested their oil wealth in a massive highly diverse sovereign wealth fund generations ago.

Nothing was stopping other countries from doing the same thing. But state investment is "ARGFFHG SOCIALISM BZZZZTT WANT TO BE LIKE VENEZUELA??" so we didn't.

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  • [–] 16 points 1 month ago (4 children)

    Nothing was stopping other countries from doing the same thing.

    Except for having large quantities of oil, conveniently discovered after the country was stable and industrialized.

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