The author points to the impact of what he called Dutch disease, where the discovery of found wealth from a particular commodity causes a culture to atrophy with respect to work ethic and broader development. Continuing wealth from the single commodity is taken for granted. The government, flush with wealth, is expected to be generous. When the price of that commodity drops, a government which would remain in power dare not cut back on this generosity.
Related Keywords: Wealth Development Generosity Single Back Impact Taken For Granted
Related Authors: Kurt Cobain Theodore Roosevelt Voltaire Niccolo Machiavelli Joel Osteen Karl Marx Ayn Rand