Exactly what oil-rich countries are doing today and the same consequences they will succumb to in a century when the world weans itself off fossil fuels.
You forgot to mention "Leonardo the Musical: A Portrait of Love". It's just amazing. From Wikipedia: "The 1993 West End production is considered one of the biggest disasters in the history of London theatre ... The project, a highly fictionalized account of Leonardo da Vinci's creation of the Mona Lisa, was the brainchild of Duke Minks, an advisor to the Republic of Nauru ... He convinced government officials to invest £2 million - derived from profits earned from their major export, marine deposits rich in phosphates - in the production, a fact later gleefully exploited by the critics in their scathing reviews" THIS is what caused Nauru's collapse - A bad musical.
Natives from the Americas and Australia always talk about how amazing their society was before colonists showed up. North Sentinel Island is proof that an isolated group of people cannot invent technology or gain knowledge. The sentinelese don't know what fire is. They are at the stone age technology wise, the same as Australian Aborigines and natives from the Americas before European arrival
Natives from america knew perfectly well what fire was and had advanced past stone age technology, just take a look at the mayas, aztecs and incas. They of course weren't up to speed with europe but still. Gaining new technology in return for having about 90% of your population decimated by newly introduced diseases, slavery and war with the europeans doesn't seem like too good of a deal.
@@lego501stTrigger if aliens came to our planets and gave us new diseases and murdered half our population, but in return gave us advance technology, would you say it was worth it?
Its funny how the video would have you believe that Nauru did it to themselves, Australia and New Zealand were draining their resources well before they gained independence.
They should at least improve tourism like Maldives and Mauritius or export some products like Grenada. Grenada export chocolate and gain most of the income from that.....
But artificial islands leads to the destruction of coral reefs and many species would get extinct.... UAE is facing this problem...these countries took tonnes of sea bed sand to create those islands, that's a worst thing....
àJinjiyoshi Too isolated for tourism, fishing not doing great because phosphates polluted everything, and lol at your silly suggestion of building an artificial island. Do you have any idea the amount of energy required to do that ? Apparently not.
Saudi oil isn't running out any time soon. What will hit their economy harder is the fact that oil itself is being phased out of used BECAUSE it could run out.
Yes that's right, at the beginning only the strongest Polynesians who could travel the ocean with little ressources to eat survived. Thus, the Polynesian diet before the arrival of europeans were really small. With globalization and the abundance of junk food, Polynesians get way more fattier than europeans because of that reason.
But doesn't Dubai rely on money from oil in other parts of the UAE? Like government money? Many places rely on the federal government for money, not sure if Dubai is in that situation. (I know they're resource poor and diversified, but that doesn't mean that they don't rely on oil money from the rest of the UAE)
The History Nerd they dont tax, but when oil is run out. They can start taxing companies and people. That why they attract so many companies. Or set up many companies and they are open to business from now. For the future..
How this once super rich tiny island nation became poor is one of the ironies in human history. Instead of investing the money for the time after the phosphate boom, such as high-end tourism (including turning the phosphate mine into a museum- perhaps even becoming a unesco world heritage site due to its uniqueness and historical significance), marine exploration/research, and whatnot, their government totally wasted it and didn't give a f. It's sad because this island actually seems like a beautiful place.
Australia is not keeping out immigrants and refugees. In 2017 they took in more than their UN quota demanded. But they have said if you travel the dangerous route by ship illegally, you will not be let in. As a result, they have gone from thousands dying at sea trying to get there to 0. Not saying these detention centres are run right, but you need to explain why they have been set up and not make it seem like Australia is an impenetrable fort when it comes to refugees.
This is OK but completely overlooks the massive compensation payout Nauru received from Australia for environmental destruction. They completely squandered all of that money.
Tony Rx Exactly, there shouldn't be shame, The Australian Government did it so Australians can have a strong economic power so we can live in a nation that family's can put food on the table and have a good life.
The offshore detention centres are one of our country’s biggest shame. Future generations will ask how we could let the human rights abuses happen. And unfortunately we’ve lost the luxury of saying “we didn’t know”
Tiny Island Nations/ City States enjoy periods of boom and after that, they get wiped out. The medieval state of Venice is a poignant reminder and later many Carribean Nations did well under the British Raj but later collapsed as prices of sugar and other trade commodities came down in the 20th century. Now I think its HongKong's turn? Singapore is the only exception to this rule so far.
It would have done better if: 1. It limited the amount of import slightly so its crops would grow better, so it could have started agriculture also. 2. Made its citizens pay taxes and made healthcare/education cost, to support the country.
The island is so small that it takes 15 mins to go around it. So rather than cycle they decide the drive and they wonder why most are overweight, just stupid logic. They even seem to have good weather. They could save both their health and money with one stroke.
They generally do not. While this is an extreme case, it is the same pattern pretty much any resource economy ends up going independent of scale. It is one of the reasons so much of the US is in trouble now, all the resource economy based regions are descending into poverty. Even ones that diversified into more than one resource suffer the same general fate.
Jon R. Olsen I Made a mistake, he's definitely talking about communism due to the quote "everything free from the state" Btw i'm just trying to help jesus
They should have taken the wealth that was generated to invest overseas that way the country would always have money coming in. But they basically were the example of an irresponsible person winning the lottery
This might be a little insensitive (okay VERY insensitive) but me and my friends make memes about this country . Like 99times out of hundred people wouldn't know Naaru exists , so pretty much anything obscure, unheard of or insignificant, is basically refered to as 'Naaru' or 'Tuvalu' by us .
I see a lot of finger pointing to various parts of the world in comments. No. This is the future of all of us - humanity - unless we learn to moderate and replenish resources.
Everything in this three-minute film is "fake news". I am not sure whether it is poorly-researched or deliberately wrong, but I would like to know how to please have it taken down? I am particularly concerned because your content is invented in a way that is very derogatory towards the people of Nauru, and so it isn't just wrong, it is also harmful. If you wanted to post a more accurate film I would be happy to help you with some actual research and information.
Junior More like economy 101. What’s happening in Venezuela isn’t related to this and is happening because of political instability, not because of a non-diversified economy.
Its a shame that they didn't properly invest the money, into the economy, they may not have had soil, to grow food, but they could of invest on fishing on a massive industrial scale, and invest in education, getting the youth out of the country to provide an education, so that they can also help with new ideas and technology, if NASA can grow fresh crops in space, there's no reason why they cant grow foods by importing shipping containers and soil and solar and wind power, but its to late now.
First of all Nauru is far from being the poorest place today. Second of all, Nauru has to import almost all of their food due to them having barely any land to work with for their own. And most of the food that gets imported is rather unhealthy, leading to obesity, regardless of the state of their economy. In fact, this is why almost all of the most obese countries are island nations.
It would be the strongest country in the world but our culture would be destroyed our languages our lifestyle and so on, I'm Italian first, then european
MISTAKES WERE MADE.
Exactly what oil-rich countries are doing today and the same consequences they will succumb to in a century when the world weans itself off fossil fuels.
WE WILL SEE WHAT HAPPENS NEXT.
OIL WILL BE REPLACED BY MANY OTHER SOURCES OF ENERGY.... WHEN TO DO IT?... WITCHES DO NOT EXIST.
Yes. Bc the government at that time were selfish. Btw way im a Nauruan
@Prince Henry The navigator THERE ARE NO MISTAKES.
Nauru also got a lot of money from Russia with the agreement that they recognize Abkhazia and South Ossetia.
Ossetia*
Exploitment as it's finest!
At least Russia helped them unlike Australia.
Dr. Epiphany Australia does help Nauru.
Hey its that serbian guy again
How powerful is…wait, they did it, THEY DID IT! Thank you NowThis World, now I can die in peace.
The power of bad management.
fun fact: Nauru translates as laugh in finnish...
At first they were laughing to the bank, now they laugh so they don't cry.
i didnt even realize that
I have heard Nauru translate worm disease in India
Yep
Nauru means feeling going to deposit stool in the toilet in Philippines
You forgot to mention "Leonardo the Musical: A Portrait of Love". It's just amazing. From Wikipedia:
"The 1993 West End production is considered one of the biggest disasters in the history of London theatre ... The project, a highly fictionalized account of Leonardo da Vinci's creation of the Mona Lisa, was the brainchild of Duke Minks, an advisor to the Republic of Nauru ... He convinced government officials to invest £2 million - derived from profits earned from their major export, marine deposits rich in phosphates - in the production, a fact later gleefully exploited by the critics in their scathing reviews"
THIS is what caused Nauru's collapse - A bad musical.
That is just one bad decision among many. Not the sole cause
How Powerful is North Sentinel Island?
First petition
Natives from the Americas and Australia always talk about how amazing their society was before colonists showed up. North Sentinel Island is proof that an isolated group of people cannot invent technology or gain knowledge. The sentinelese don't know what fire is. They are at the stone age technology wise, the same as Australian Aborigines and natives from the Americas before European arrival
Natives from america knew perfectly well what fire was and had advanced past stone age technology, just take a look at the mayas, aztecs and incas. They of course weren't up to speed with europe but still. Gaining new technology in return for having about 90% of your population decimated by newly introduced diseases, slavery and war with the europeans doesn't seem like too good of a deal.
@@lego501stTrigger if aliens came to our planets and gave us new diseases and murdered half our population, but in return gave us advance technology, would you say it was worth it?
@@lego501stTrigger stfu. Most Aborigines know about the wonders of civilization now. It's just that they don't care for it.
Its funny how the video would have you believe that Nauru did it to themselves, Australia and New Zealand were draining their resources well before they gained independence.
Hey Guys! Did you know, that people in the comments know what Nauru translates to in Finnish?
laugh
This should be a lesson to the countries who are dependent on a single industry
They should've invested into tourism and fishing and start building artificial islands to expand their land like Bahrain did.
The sea around Nauru is too deep for that.
They should at least improve tourism like Maldives and Mauritius or export some products like Grenada. Grenada export chocolate and gain most of the income from that.....
@@firyalazeera5396 Exactly
But artificial islands leads to the destruction of coral reefs and many species would get extinct.... UAE is facing this problem...these countries took tonnes of sea bed sand to create those islands, that's a worst thing....
àJinjiyoshi Too isolated for tourism, fishing not doing great because phosphates polluted everything, and lol at your silly suggestion of building an artificial island. Do you have any idea the amount of energy required to do that ? Apparently not.
Future of Gulf countries
Gulf countries actually invested and diversified their economies successfuly in recent years. They can live without oil easily.
their economy's don't depend on oil much now
+7t fPs Our countries still rely on foreign labor, 90% of our population is foreigners.
I’m guessing your western. Tell us how your service based evening works out in few countries
7t fPs Actually they still do. But in a few decades they will move to renewables like Solar.
That is sad
Saudi Arabia when the oil runs out.
Agreed but it will happen before oil runs out... Price of oil has been too low for producers since 2014, now with pandemic it's even worse
Sad but true
Saudi oil isn't running out any time soon. What will hit their economy harder is the fact that oil itself is being phased out of used BECAUSE it could run out.
Lesson learned "SAVE WHILE YOU EARN GOOD!"
This shows the importance of a well managed sovereign wealth fund
How you can be poor and obese at the same time?
Shubh Sharma The type of food.
unhealthy diet
it's also because of genetics. Simple enough, Polynesians are way more obese than the rest of the world
Yes that's right, at the beginning only the strongest Polynesians who could travel the ocean with little ressources to eat survived. Thus, the Polynesian diet before the arrival of europeans were really small. With globalization and the abundance of junk food, Polynesians get way more fattier than europeans because of that reason.
LagiNaLangAko23 umm no.
dubai in 50 years
Well Dubai is the extreme opposite, they invest massively in wealthiest projects around the world to prepare the future lack of oil.
Dubai's economy doesn't depend on natural resources. It is diversified and very sustainable
But doesn't Dubai rely on money from oil in other parts of the UAE? Like government money? Many places rely on the federal government for money, not sure if Dubai is in that situation. (I know they're resource poor and diversified, but that doesn't mean that they don't rely on oil money from the rest of the UAE)
The History Nerd they dont tax, but when oil is run out. They can start taxing companies and people. That why they attract so many companies. Or set up many companies and they are open to business from now. For the future..
NO
It's funny because "Nauru" means "A laugh" in Finnish
*ha ha ha*
*laughs in Finnish* Lol XD
Kapteeni Finland were one world. Dont b too proud for what u got nd what others end up to. Karma remember that
Eita inum? awa adorr!
wtf so it mean finnish people laughed at them because they're becoming poor
fun fact: "nauru" means "laugh" in finnish.
my other life :D *laughs in Finnish*
J P you can't laugh in Finnish you don't laugh by saying nautu nauru
"Nauru" means "mouth" in Telugu
Awa edeijyi^ kanaka aunchi ibum! Tawe anu!
It’s pronounced Naru 🇳🇷 not nowuru
now-ru That's it's official pronunciation
You're all wrong 💀💀💀
How powerful is Romania?
How this once super rich tiny island nation became poor is one of the ironies in human history. Instead of investing the money for the time after the phosphate boom, such as high-end tourism (including turning the phosphate mine into a museum- perhaps even becoming a unesco world heritage site due to its uniqueness and historical significance), marine exploration/research, and whatnot, their government totally wasted it and didn't give a f. It's sad because this island actually seems like a beautiful place.
No not really, it’s still a high income nation lmao
Australia is not keeping out immigrants and refugees. In 2017 they took in more than their UN quota demanded. But they have said if you travel the dangerous route by ship illegally, you will not be let in. As a result, they have gone from thousands dying at sea trying to get there to 0. Not saying these detention centres are run right, but you need to explain why they have been set up and not make it seem like Australia is an impenetrable fort when it comes to refugees.
They used to have a lot of underground labs selling pharmaceuticals too.
This is OK but completely overlooks the massive compensation payout Nauru received from Australia for environmental destruction. They completely squandered all of that money.
Wait in the line like everyone else whos coming to Australia!
Smart Australia
It's a shame for that nation
Tony Rx Exactly, there shouldn't be shame, The Australian Government did it so Australians can have a strong economic power so we can live in a nation that family's can put food on the table and have a good life.
lol
Very interesting video, good job
The offshore detention centres are one of our country’s biggest shame.
Future generations will ask how we could let the human rights abuses happen. And unfortunately we’ve lost the luxury of saying “we didn’t know”
Do lebanon now from paris of the middle east and central economy of the middle east with 80 different banks to the brink of war and corruption.
So would you say they had only one job
Idrissa Preval literally
I'm so happy you've pronounced Papua New Guinea right 😌♥️
*Hey 'MURICA YOU HAVE AN OBEESED FRIEND,NAURU*
IKR
Livin MƏMƏ Mexico's our fat friend too
Yay three musketeers
"Obese" is already plural lol.
Ain’t no Christmas like an Australian refugee camp.
Every 12 minutes, a bird’s species dies. Seagulls won’t be around much.
She said it's now one of the world's poorest?. At GNP of $8000 I don't think it's poor. Anything above $4000 is considered upper middle income.
Thank God Norway learned from Nauru and is correctly managing their oil-derived wealth
How powerful is Azerbaijan. For all the veteran subscribers
Ezra Al Barra Hijab Queen is that you?
Yaseen ayyy a fellow veteran
How powerful is Sealand
The answer is obvious, they're not powerful
Haven't they done that one already?
Maybe it was another channel!
Adam Banks VeRy PoWeRfUl HaVe 10B TrOoP 5B TaNKS,AiRcRaFt,NaVy
Nauru is actually a high income country still.
'
no wonder how nauru island getting the electric powerline AC 120 volts or AC 240 volts come from
My 2nd petition: "Why do people tend to love dictators?"
paul han because with dictators you wouldn't have people like trump
Tiny Island Nations/ City States enjoy periods of boom and after that, they get wiped out. The medieval state of Venice is a poignant reminder and later many Carribean Nations did well under the British Raj but later collapsed as prices of sugar and other trade commodities came down in the 20th century. Now I think its HongKong's turn?
Singapore is the only exception to this rule so far.
It would have done better if:
1. It limited the amount of import slightly so its crops would grow better, so it could have started agriculture also.
2. Made its citizens pay taxes and made healthcare/education cost, to support the country.
How powerful is Pennsylvania
Everyone is gangsta until Nauru because house
As I googled it up nauru gdp in 1970 to 1985 was $3000 to $5000 no where near half a milliob
Arabia 2117 (colorized)
2027 will suffice
125k views Nauru population: 10k. Coincidence? I think not
How powerful is Romania? This is my 9th petition.
Nauru is not a country its a city
It's all fun and games until the phosphate runs out
Never heard someone butcher our islands name so bad
No doubt some of us thought it said Naruto instead of Nauru
Is global warming and ascending sea level also becoming a problem of the Republic of Nauru?
How powerful is Trinidad and Tobago?
Ummm make a video on Global Financial Crisis, and which countries bailed out others like Ireland and Greece, and how?
His excellency Baron Waqa will turn Nauru around!
It would make a great tourism island if money was invested right
It looks like Anchor is from nauru as well...😁
That's why they lived like gods and goddesses in lavish economic life.not knowing of resources being exhausted.
"per capita' means per person. Increase the number of inhabitants and you reduce the wealth per capita.
That was really interesting. Thanks
Argentina of the Pacific
I wonder how many business owners and pliticians left the island and took all the money
How many builder salary per hour in Nauru
The island is so small that it takes 15 mins to go around it. So rather than cycle they decide the drive and they wonder why most are overweight, just stupid logic. They even seem to have good weather. They could save both their health and money with one stroke.
Shoot, I hope more nations that rely on one commodity diversify before they suffer the same fate.
They generally do not.
While this is an extreme case, it is the same pattern pretty much any resource economy ends up going independent of scale. It is one of the reasons so much of the US is in trouble now, all the resource economy based regions are descending into poverty. Even ones that diversified into more than one resource suffer the same general fate.
the juuwes won't ever be blamed for nuthin
u made a typo in the tiltle!!! nowthis
The invisible hand.
Jon R. Olsen Smith was a genius
FZ So what are you saying?
Jon R. Olsen he's talking about Free market
I think FZ can answer for himself.
Jon R. Olsen I Made a mistake, he's definitely talking about communism due to the quote "everything free from the state"
Btw i'm just trying to help jesus
They should have taken the wealth that was generated to invest overseas that way the country would always have money coming in. But they basically were the example of an irresponsible person winning the lottery
Phosphates are molecules, not elements
This might be a little insensitive (okay VERY insensitive) but me and my friends make memes about this country . Like 99times out of hundred people wouldn't know Naaru exists , so pretty much anything obscure, unheard of or insignificant, is basically refered to as 'Naaru' or 'Tuvalu' by us .
Alias jon you and your friends are lame nerds lol
Peter's opinion is better yeah we are lol. Also, username check's out.
Alias jon Please show me the memes
A friend and I have been using "Karakalpakstan" - a region in Uzbekistan - for the same purpose haha
Sound about white
I see a lot of finger pointing to various parts of the world in comments.
No. This is the future of all of us - humanity - unless we learn to moderate and replenish resources.
Sounds similar to Detroit, do the rise and fall of Detroit with possible Renaissance.
معقولة سارق المحتوى نصا على الاقل غير الكلام مو حرفيا مترجمه وحتى نفس الصور 😡
Make:What Is Life Really Like In Latvia?
How powerful is Shanghai cooperation organization (SCO). My seventh petition
Make a vid about Adenan Satem, Sarawak's Chief Minister
Does this make anyone else think of the Gulf statss?
4 years later...
She is actually Indian but i like her accent...
Everything in this three-minute film is "fake news". I am not sure whether it is poorly-researched or deliberately wrong, but I would like to know how to please have it taken down? I am particularly concerned because your content is invented in a way that is very derogatory towards the people of Nauru, and so it isn't just wrong, it is also harmful. If you wanted to post a more accurate film I would be happy to help you with some actual research and information.
That is why you always diversificate in the economy, Venezuela should have know better.Capitalism 101
Junior More like economy 101. What’s happening in Venezuela isn’t related to this and is happening because of political instability, not because of a non-diversified economy.
But what if you CAN'T diversify your economy, genius ?
@@mikhailtaufiq1583 Why do you think Venezuela became politically unstable ? Because of it's economy
ooops wait i didn't see your channel name..... IM SOM SOOOCY
Don't rely on one thing to make all your money.
Girl its pronounced Now-roo not Now-ua-roo
How to Colonise Nauru ?
Its a shame that they didn't properly invest the money, into the economy, they may not have had soil, to grow food, but they could of invest on fishing on a massive industrial scale, and invest in education, getting the youth out of the country to provide an education, so that they can also help with new ideas and technology, if NASA can grow fresh crops in space, there's no reason why they cant grow foods by importing shipping containers and soil and solar and wind power, but its to late now.
Independence from who???
Explain please????
British people
The UK
Why dont you work on your hand posture.
My corporation is based there.............complete anonymity and no taxes. Yippppiee!
Venezuela is that you?
Does anyone find it strange that something can be the poorest and most obese place at the same time?
First of all Nauru is far from being the poorest place today. Second of all, Nauru has to import almost all of their food due to them having barely any land to work with for their own. And most of the food that gets imported is rather unhealthy, leading to obesity, regardless of the state of their economy. In fact, this is why almost all of the most obese countries are island nations.
Cause unhealthy food are cheaper
So when will Nauru become a superpower??
How powerful is romania 13th petition
WHAT IF EUROPEAN UNION 🇪🇺 BACAME A SINGLE COUNTRY? MILITARY POWER, ECONOMIC POWER, AREA, POPULATION...
It'd be incredibly powerful
fabioshire97
NEVER
I'm quite sure this topic has already been touched
It would be the strongest country in the world but our culture would be destroyed our languages our lifestyle and so on, I'm Italian first, then european
Mlg Sty Typical phrase of an uneducated person!
what is her name.??
But...but...Nauru was a colony! So it has to be our fault that it's poor!
They were independent when this happened it has nothing to do with once being a colony.
do you not understand sarcasm...