51–60 of 339 posts
Earlier quoted context omitted.
Norway isn't in the EU, so that wouldn't exactly be home for them either.
My bad, you are correct. Anyway, the point still stands. Why not make Oslo the silicon valley of Europe? I mean the weather is roughly the same, give or take 30 degrees :)
The Norwegian success is the single biggest piece of evidence as to why the Venezuelan catastrophe was largely avoidable, and the fault of irresponsible leadership.
> On average, the fund holds 1.4 percent of all of the world’s listed companies. Why fund businesses in other countires? Shouldn't Norway try to set up some more industries at home? Everyone claim Europe (was: EU) needs more VC funding to stop the brain drain. Well, here is a huge pool of money just waiting to be spent
Isn't this contributing to climate change? The economy everyone uses as an example to replace the current system in the US...
Perhaps this is why they can afford many government programs that the US simply cannot. Without a prolific income stream comparable to Norwegian oil, the only way to provide more social services is to tax individuals and businesses harder. Tax any group too heavily and you create brain drain, which hurts in the long run.
Sweden and Denmark disagree. And they're among the most wealthy countries with the highest standard of living anywhere.
The Norwegian success is the single biggest piece of evidence as to why the Venezuelan catastrophe was largely avoidable, and the fault of irresponsible leadership.
https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Nor...
Earlier quoted context omitted.
Norway is not an EU member, so by funding EU industries, they would found businesses in other countries ;)
We have to follow all their legislations and fund a lot of EU investment (based on our GDP). So we are practically a member, but don't get to vote. This is not a bad thing because EU is mainly about social benefits, and not politics as we are used to (and a lot of people think): http://www.europarl.europa.eu/legislative-train/
Earlier quoted context omitted.
The US produces 10x the oil Norway does, and was producing significant amounts of oil as far back as the 1860s. We've had that profit stream, we just let it get captured by private corporations (or in Alaska's case, given away to garner votes).
Population of Norway, 2017: 5.258 million Population of United States, 2018: 327.2 million
Discovery of oil in Norway: 1969.
Imagine if we'd have had the foresight to take Norway's approach that natural resources are the nation's natural resources and let the returns build for 160 years.
Earlier quoted context omitted.
The US produces 10x the oil Norway does, and was producing significant amounts of oil as far back as the 1860s. We've had that profit stream, we just let it get captured by private corporations (or in Alaska's case, given away to garner votes).
Population of Norway, 2017: 5.258 million Population of United States, 2018: 327.2 million
