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> 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
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.
The oil curse is very real and, for Venezuela, largely unavoidable.
Wow! These people must be extraordinary to use oil money this way! Not kidding! Never been in Norway, but in countries I have ever been this would be barely possible due to corruption and the needs of the politician’s buddies. Like yachts, private jets, Bentleys and Vertu phones. This $186k/person isn’t far from what average German poses: https://www.bundesbank.de/resource/blob/617492/cd59713c156ad...
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.
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.
But what to say about Americans, who squandered natural resources to help the rich, and now the funding to their own social security is en route to insolvency?
One step would be to move it away from an insurance model and raise the cap on contributions. Another would be to modestly increase the contribution rates.
Earlier quoted context omitted.
https://www.nbim.no/contentassets/d3a372eb9d234e57a07caaf0f3... Updated: 1.3% Edit: Oops, I misunderstood a question. Actually further in PDF they specify that US specifically is 39%, which is roughly 400 billion. If we go by this number of total capitalization of the US stocks being 30 trillion, then Norwegian oil fund owns 0.4/30 which is 1.3%
The quote is: > North American stocks returned 14.6 percent and amounted to 41.4 percent of the equity portfolio. That's to say 41% of their equities are North American stocks, not that they own 41% of all North American stocks!
Yes those social Norwegian's invested; and the UK gave there north sea oil revenues to all the oligarchs
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.
The city have so much nature, is even hard to explain.
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