Norway and the US are using hacks. Whenever there’s a shortage of something, a farmer in Bumfucksville, Iowa or fisherman in Bømføkstad, Norway finds some immense reserve of it.
It looks like madness because it’s something that’s almost completely absent from politics around the world: thinking past the next election!
Ok, the government has this oil money what should we do with it? Give everyone tax cuts? Build giant vanity projects? Throw a year-long nation-wide party with a kilo of cocaine for every household?
Nope, let’s invest it into a government owned diverse market fund so the social security of our citizens is sound for generations to come.
And it pays for public pensions. I see that as an absolute win. If there’s going to be exploitation of the working class, at least let it be to care for old bums.
Can Norway start handing out some of those resource W’s to the rest of Europe please? They’re playing civilisation on easy mode here
Norway and the US are using hacks. Whenever there’s a shortage of something, a farmer in Bumfucksville, Iowa or fisherman in Bømføkstad, Norway finds some immense reserve of it.
Bømføkstad lmao
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Haha Sovereign Wealth Fund money printer goes Brrr.
The fund owns 1.5% og the world traded stocks. Madness.
It looks like madness because it’s something that’s almost completely absent from politics around the world: thinking past the next election!
Ok, the government has this oil money what should we do with it? Give everyone tax cuts? Build giant vanity projects? Throw a year-long nation-wide party with a kilo of cocaine for every household?
Nope, let’s invest it into a government owned diverse market fund so the social security of our citizens is sound for generations to come.
Took them an oil crisis (70s) to figure this out to be fair.
And it pays for public pensions. I see that as an absolute win. If there’s going to be exploitation of the working class, at least let it be to care for old bums.
Ye no. We lived here for 12000 years mostly in poverty and conflict.
Only the last 60 years have been good. And people want us to get fucked for it.
Then can you stop killing whales at least?
The rare resources were not uncovered on the map before the technologies to use them were researched