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Agree with all the other comments, super light on facts and tried to apply an ideological "solution" where there is no issue. Surprised The Economist printed it
by dharma1 11y ago
Agree with all the other comments, super light on facts and tried to apply an ideological "solution" where there is no issue. Surprised The Economist printed it.
The Norwegians are sitting pretty on top of world's largest sovereign wealth fund, which holds 1.3% of the world's listed stocks. Their oil&gas tech industry is taking a beating, yes, as are every nation and business who depend on the oil&gas industry, but I don't think the Norwegians will starve any time soon. If new revenue from their oil industry stoppe tomorrow they would still be alright.
I don't see how there is a "weakness" in their model or how this calls for privatisation of anything. If anything, their SWF's exposure to QE inflated stock markets is a bigger risk.
- junto 11y agoThis also bugged me: The state is undermining the work ethic: most people enjoy a 37-hour working week, and three- day weekends are common. Sounds like a good idea to me. Why do people need to work 50 hours a week exactly? I imagine there are long term health, social and psychological benefits to a more restful and less stressful life?