Norway is the best example of how a country should manage natural resources. An obsession with “balancing the budget” has left Australia under-funded despite its immense wealth. A dual citizen of Norway and Australia, Kim Wingerei laments the lost opportunity of a century, the failure of our political classes to establish a sovereign wealth fund. But it’s still not too late to stop the flood of our natural resources overseas. ​Lang Hancock flew over the Pilbara in 1952, identified iron ore sites and took possession, making him and his descendants some of the richest people on the planet. When Phillips Petroleum found oil and gas in the North Sea in the late sixties, they had to acquire licensing rights from the Norwegian government to extract it, making the country the richest in the world.

South Afa's diamond-mining industry will only be able to survive if people strongly reject socialism, even in the face of aggressive, coercive socialist force.

@stlouisix3

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Same applies to the rest of the mining industry in South Afc