#resourcecurse — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #resourcecurse, aggregated by home.social.
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This PRRT mess? Blame the Howard Coalition gov. In 2004 they gifted gas giants a 150% uplift on exploration deductions—letting them rack up massive carry-forward credits that wipe out super-profits tax for decades. Result: LNG boom, but zero/few royalties + minimal PRRT while we export billions.
Hawke/Keating set PRRT up fairly in '87; Howard handed multinationals the keys to dodge it. Time to reverse the corporate welfare & tax our resources properly—like Norway does. -
Child poverty, homelessness hit new highs in mining-rich WA
"Findings from the Child Poverty in Australia report released on Monday found one in six children in WA are experiencing food insecurity, poor housing conditions and limited access to healthcare. More than 100 children and young people are sleeping rough in Perth every night, charities say."
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https://www.abc.net.au/news/2025-11-17/child-poverty-homelessness-hit-new-high-in-mining-rich-wa/106017944‘From quarry to country - the 'resource curse’
"Australia a glorified quarry with some beaches. Australia does little besides digging stuff out of the ground to create national prosperity." Governance and tax enforcement is “the invisible machinery that turns a quarry into a country."
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https://www.thenewdaily.com.au/opinion/2025/11/11/the-stats-guy-resource-curse
#mining #wealth #children #unhoused #ChildPoverty #ResourceCurse #governance #extractivism #Australia #Country -
Nobel prize for studies of how institutions are formed and affect prosperity
500 years of European colonialism, extractivism and the resource curse"Among countries colonized by European powers during the past 500 years, those that were relatively rich in 1500 are now relatively poor. We document this reversal using data on urbanization patterns and population density, which, we argue, proxy for economic prosperity. This reversal weighs against a view that links economic development to geographic factors. Instead, we argue that the reversal reflects changes in the institutions resulting from European colonialism. The European intervention appears to have created an “institutional reversal” among these societies, meaning that Europeans were more likely to introduce institutions encouraging investment in regions that were previously poor. This institutional reversal accounts for the reversal in relative incomes. We provide further support for this view by documenting that the reversal in relative incomes took place during the late eighteenth and early nineteenth centuries, and resulted from societies with good institutions taking advantage of the opportunity to industrialize."
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Daron Acemoglu, Simon Johnson, James A. Robinson, Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution, The Quarterly Journal of Economics, Volume 117, Issue 4, November 2002, Pages 1231–1294 (PDF>)
https://economics.mit.edu/sites/default/files/publications/reversal-of-fortune.pdf
#colonialism #extractivism #SettlerSociety #IndigenousPeoples #SocialRelations #PE #economics #democracy #RuleOfLaw #AuthoritarianRegime #populism #corruption #goverance #reforms #distrust #UnevenDevelopment #democracy #institutions #ResourceCurse #nobel