No one is interested in maximizing resource extraction; maximizing long-term resource extraction is so infinitely better than what we have now as a government it's unimaginable.
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No, it clearly isn't. Do these "oligarchs" all move to Africa where the "best cattle" are? Of course not - because those are the worst people to have as customers / employees. What the low human capital people are good at is being a (D) vote bank b/c US gibs look great to them
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If third world cattle was the best people to rule and businesses / the wealthy called the shots then you'd see a hell of a lot more movement of those people to the third world where they have all the 3rd world "cattle" they could ever want Instead the 3rd world wealthy come here
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Replying to @CovfefeAnon @parallaxoptics and
Your model is wrong. They are not motivated by rational economic calculation because they are doing horribly by that metric. They are motivated by malice.
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You have Marxism stuck in your brain. You need to take care of that problem if you want to understand the world.
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