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Maybe read the comment I was replying to? They made the argument that Norway's economic success is caused by the fund. Which it is not. Because the fund is, to
by matt4077 9y ago
Maybe read the comment I was replying to? They made the argument that Norway's economic success is caused by the fund. Which it is not. Because the fund is, to repeat myself, "a net negative currently, used to defer the use of the fossil fuel windfall for future times".
To more directly answer your question: the fund is the sort of level-headed strategic genius that only a sane country like Norway could pull off. Compare Alaska.
- lvh 9y agoI am the author of the comment you were replying to, so I assume I'm reasonably familiar with what it says and does not say. I did not say that Norway's _economic_ success is caused by the fund, that's silly. I was replying to a comment suggesting that comparing a country to Norway in the context of increased social cohesion and we could just cargo-cult whatever they're doing is simplistic, because their situation is different, among which a trillion dollar sovereign piggy bank.