Greenland has natural resources that can be exploited. But this requires investment. It has a very harsh climate, and no infrastructure to speak of, and any investment in these things could lead to catastrophic losses if the geopolitical winds blow in a different direction.
Investment requires faith and confidence in the political and legal (and possibly military) systems to protect the investors’ rights. Even the Danish government may not be willing to spend a lot to exploit these resources out of fear of financial loss that might come through geopolitical forces.
Denmark can profit from Greenland by selling it and letting us exploit its natural resources. We are also the most logical country to control it from a military standpoint to ensure regional stability. It is an American island.
There is a tremendous opportunity cost for continuing with business as usual. Greenland’s natural resources sit idle, robbing the world of wealth creation that will benefit everyone.
There is a strategic military advantage to us owning Greenland, but there is an economic advantage. Who else could, would, or should be the nation to manage this economic advantage? Russia? China? Europe?
President Trump’s pursuit is visionary.
America is the logical choice.
no infrastructure to speak of
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There is 40 miles of paved road! Heh.
If we could acquire BC and the Yukon, we would have Canada surrounded.
You don’t need to own it to acquire mineral rights. But it’s not globalism when Trump does it, I guess.