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Let's see how permanent the permanent wealth turns out to be. They seem to manage it better than other countries, but who knows, maybe on a long timeline, they
by muro 8y ago
Let's see how permanent the permanent wealth turns out to be. They seem to manage it better than other countries, but who knows, maybe on a long timeline, they are only spending it slower.
I hope not, but so far, there have been so few examples of long term great management, that it's more likely it will end badly.
They have a few benefits that imply it might work: culture of not showing off wealth; small population; well working justice system that should deal with corruption.
Let's see in 50 to 100 years :)