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> Their foresight is in saving it instead of spending it immediately Not only that, but also in establishing a national oil company instead of privatizing ever
by lazyjones 13y ago
> Their foresight is in saving it instead of spending it immediately
Not only that, but also in establishing a national oil company instead of privatizing everything to funnel profits to some large corporations.
I'd like to know how they manage to prevent corruption in these areas, in Austria (where I live) it's quite common to rob the taxpayer blind and line politicians' pockets while privatizing assets.
- cobrausn 13y agoThat's no silver bullet, Pemex being the obvious counter-example. They might have done equally well (or better) with competing companies that were taxed to pay into this fund.
- jfb 13y agoIt's likely the case that Norwegian civil society would have been strong enough to produce good results regardless of the model.