It is not the countries with abundant raw materials that have grown fastest, and often they are held back, because natural assets give rise to internal conflicts. No, the main reason for the 20 per cent [of the world's population] consuming 80 per cent of resources is that they produce 80 per cent of resources. The 80 per cent consume only 20 per cent because they only produce 20 per cent of resources. It is this latter problem we ought to tackle, the inadequate creative and productive capacity of the poor countries of the world, instead of waxing indignant over the affluent world producing so much. The problem is that many people are poor, and not that certain people are rich. - Johan NorbergThe post is here.
Thanks for this.