Examples of mismanaged resources throughout History.

Aug 2014
4,581
Australia
#11
Phosphate mining in Nauru.
Phosphate mining in Nauru - Wikipedia

"The economy of Nauru has been almost wholly dependent on phosphate, which has led to environmental catastrophe on the island, with 80% of the nation's surface having been strip-mined..."

"The government puts profits from the mining into a trust for the islanders. This trust reached a peak of A$1 billion, returning approximately 14% annually. Poor investments and corruption have left the trust fund nearly empty and therefore Nauru with little money."
 

sparky

Ad Honorem
Jan 2017
4,710
Sydney
#12
willful introduction of Rabbits in Australia ....to provide good hunting
willful introduction of the cane toad ..............to keep insects population down in the sugar cane fields
 

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