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Norway has a $900 billion sovereign wealth fund. Is that a problem too? If you never heard about Bezos's wealth, would you suffer any troubles because of it? I
by averagewall 10y ago
Norway has a $900 billion sovereign wealth fund. Is that a problem too? If you never heard about Bezos's wealth, would you suffer any troubles because of it? I think it's fine.
- efaref 10y agoI don't understand your point. Norway is 5 million people, so that's only 180k per capita.
- metaphorm 10y agoNorway's sovereign wealth fund is managed on behalf of all the people of Norway and there are political systems in place that grants those people some influence over how that money is used, and who benefits from it. Bezos' wealth (and all the massive political power it represents) is almost totally unaccountable. This is the real problem of wealth inequality. It's not that some people have more material goods than others. It's that levels of wealth like that undermine the political systems that we have constructed to seek fair, just, and peaceful resolution of disputes. It is a road to tyranny.