So looking through economic crisis that have basically fucked over entire countries bringing them too their knees over history, one major crisis seems to be easily able to bring countries too it's knees, Dutch Disease.
But what I don't understand is, Dutch Disease seems very, very easy too fix especially when you have all those resources which is basically free money to diversify the rest of your economy. Why then throughout history (and in current day, with Venezuela and Dubai being the notable modern examples) do countries allow dutch disease go on for decades before they kneel over and die?
greed (they're probs antinatalists too)
>>1451438
Because not doing anything and hoping for your successors to fix the problems is easier, plain and simple.