POLS 2100 Lecture Notes - Lecture 8: Experience 7
31 Aug 2016
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Story of joseph, a self centered man who has an argument with his brothers who sell him to slave traders to get rid of him, as a result he ends up in the prison of the egyptian pharaoh. Joseph can read/ interpret dreams so the pharaoh releases him and makes him work as his interpreter. Joseph sees 7 fat cows and 7 thin cows coming from the nile river in the dream, the thin cows eat the fat cows. Joseph says this means that egypt will experience 7 years of good harvest and then 7 years of drought, so the pharaoh should stockpile during the good times for those coming bad times. Think of the difficulties and temptations of saving during those good years. However oil is not the only way to gain wealth, neither does there have to be lots of it to be profitable. Angola has less oil than saudi arabia but still profits because it is small.
