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Essentially everything. On average they own 1.5 percent of all listed companies.

pavlov 2y ago
Imagine if Americans had a national fund like that. USA has 60x the population of Norway. So the American equivalent would be rich enough to own… 90% of all listed companies in the world! That’s just a provocative thought experiment. But it highlights the stark difference between how nations allocate their wealth. Some have centibillionaire oligarchs and airplane carriers and space programs, others have well-managed sovereign wealth funds and universal healthcare.
- janderson215 2y ago
  Some nations attract the most impactful innovators capable of making humanity multi planetary, some attract people who dream of how great a world it would if the American Public owned 90% of all listed companies in the world implying that somehow that would have a good long term outcome. Have you met people? Have you worked for the US govt or large enterprise? My gut tells me this would be a huge misallocation of funds and destructive to business if it were to be replicated in the US.
  - ZeroGravitas 2y ago
    The real impactful innovators seem to be the ones working on making humanity a zero-planetary species.
    - janderson215 2y ago
      Then they should change their goals to support humanity. Perhaps they could do some civic service. Maybe something like a Department of Government Efficiency.
  - pavlov 2y ago
    Like I said, it's not a serious proposal, just a thought experiment. Indeed America now has "innovators capable of making humanity multi-planetary" (whom some would call egoistic oligarchs) + mostly shit government (and politicians who want to keep it that way). Could it have taken a different path in the past to instead have well-managed national wealth and less dick-shaped chrome rockets? Would that still be possible?
    - janderson215 2y ago
      Starship will likely be black because of the heat tiles.
echoangle 2y ago
More like 1.0%, right? This page says thay have about 1.1 Trillion dollars in Equities (after converting from NOK): https://www.nbim.no/en/investments/all-investments/#/ https://www.nbim.no/en/investments/all-investments/#/ Which is about 1% of the total global market cap of about 109 Trillion or so. The other investments aren't stocks.

Imagine if Americans had a national fund like that. USA has 60x the population of Norway. So the American equivalent would be rich enough to own… 90% of all listed companies in the world! That’s just a provocative thought experiment. But it highlights the stark difference between how nations allocate their wealth. Some have centibillionaire oligarchs and airplane carriers and space programs, others have well-managed sovereign wealth funds and universal healthcare.

janderson215 2y ago
Some nations attract the most impactful innovators capable of making humanity multi planetary, some attract people who dream of how great a world it would if the American Public owned 90% of all listed companies in the world implying that somehow that would have a good long term outcome. Have you met people? Have you worked for the US govt or large enterprise? My gut tells me this would be a huge misallocation of funds and destructive to business if it were to be replicated in the US.
- ZeroGravitas 2y ago
  The real impactful innovators seem to be the ones working on making humanity a zero-planetary species.
  - janderson215 2y ago
    Then they should change their goals to support humanity. Perhaps they could do some civic service. Maybe something like a Department of Government Efficiency.
- pavlov 2y ago
  Like I said, it's not a serious proposal, just a thought experiment. Indeed America now has "innovators capable of making humanity multi-planetary" (whom some would call egoistic oligarchs) + mostly shit government (and politicians who want to keep it that way). Could it have taken a different path in the past to instead have well-managed national wealth and less dick-shaped chrome rockets? Would that still be possible?
  - janderson215 2y ago
    Starship will likely be black because of the heat tiles.

echoangle 2y ago

More like 1.0%, right? This page says thay have about 1.1 Trillion dollars in Equities (after converting from NOK): https://www.nbim.no/en/investments/all-investments/#/ https://www.nbim.no/en/investments/all-investments/#/ Which is about 1% of the total global market cap of about 109 Trillion or so. The other investments aren't stocks.