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True in principle, but their oil stock would become so valuable that other countries will just decide to grab it, invade Norway, and plunder the whole lot.
by tilsammans 13y ago
True in principle, but their oil stock would become so valuable that other countries will just decide to grab it, invade Norway, and plunder the whole lot.
- e12e 13y agoCountries could also (I would argue more easily) nationalize the companies the fund has invested in.
- lmm 13y agoThere's some safety in being entangled with everyone else. It would be difficult to nationalize just Norway's stake and avoid upsetting other nations.
- vidarh 13y agoThe fund does not invest in larger stakes than about 10% per company, I believe, so that would mean pissing off a whole lot of their own citizens too, to obtain amounts adding up to a quite small percentage of their own economy.
- e12e 13y agoThere's no reason (once you've decided to nationalize) that you couldn't just nationalize foreign interests (or even interests held by a certain (group of) nations -- such as a nation you're at war with?