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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 li
by 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 agoSome 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 agoThe real impactful innovators seem to be the ones working on making humanity a zero-planetary species.
- janderson215 2y agoThen 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 agoLike 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 agoStarship will likely be black because of the heat tiles.