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Australia has followed America in making that mistake too, sadly. Other countries as well I assume. The politicians that push this, seem to make sure it’s their
by girvo 5y ago
Australia has followed America in making that mistake too, sadly. Other countries as well I assume. The politicians that push this, seem to make sure it’s their cronies that are the ones that get to make billions off said privatisation, too.
- capableweb 5y agoOn the other hand you have countries like Norway, where parts of the profits earned from oil goes into the "Oil Fund" (https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Norway https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Nor...), currently the "world’s largest sovereign wealth fund". If Norway had failure like the US, they could easily offset the costs while making things still work as usual for a while, as they are thinking ahead.