this post was submitted on 11 Jun 2024
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Europe

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[โ€“] Th4tGuyII@fedia.io 0 points 4 months ago (1 children)

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

[โ€“] ThePyroPython@lemmy.world 0 points 4 months ago (1 children)

Haha Sovereign Wealth Fund money printer goes Brrr.

[โ€“] llothar@lemmy.ml 0 points 4 months ago (1 children)

The fund owns 1.5% og the world traded stocks. Madness.

[โ€“] ThePyroPython@lemmy.world 0 points 4 months ago (1 children)

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.

[โ€“] luckystarr@feddit.de 0 points 4 months ago

Took them an oil crisis (70s) to figure this out to be fair.