Скачать или смотреть Why Having Oil is a DEATH SENTENCE (The Resource Curse Explained)

Imagine winning the lottery every day for ten years, then watching it all disappear. That's exactly what happened to Venezuela—and it's the nightmare Australia is desperately trying to avoid.
Venezuela sat on more oil than Saudi Arabia but managed to delete 80% of its economy. Australia found mountains of iron ore and became one of the richest countries on Earth. Both had natural resources. Both hit the geological jackpot. So why did one thrive while the other collapsed into chaos?
The answer is Dutch Disease—one of the most brutal economic traps in history. When you get rich selling rocks, your currency rises, your other industries die, and you forget how to make anything that requires actual skill. It's an economic death spiral that has destroyed dozens of countries.
In this video, we break down:

How Venezuela went from wealthy oil exporter to humanitarian disaster
Why Australia became the "Red Dirt Republic" but avoided total collapse
What Dutch Disease actually means (in plain English, no economics degree needed)
Why resources are a test that most countries fail
Whether Australia is just Venezuela on a 20-year delay

This isn't just about oil and mining. It's about what happens when easy money destroys your economy, your skills, and your future.
Resources are a test. Australia cheated and passed. Venezuela tore up the paper and set the classroom on fire.
Which version of the story are we living in?

🎓 Chapters:
00:00 - The Lottery Nobody Should Win
03:45 - Two Countries, One Swimming Pool of Gold
08:20 - Dutch Disease Explained
14:15 - How Australia Cheated (And Why It's Still Screwed)
19:30 - The Verdict: Why Countries Keep Failing This Test

📚 Sources & Further Reading:

The Resource Curse research papers
Venezuelan economic collapse case studies
Australian mining boom analysis
Dutch Disease economic theory


💬 Let me know in the comments: Do you think Australia will avoid Venezuela's fate, or are they just delaying the inevitable?
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