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Re:Norway's wealth fund now worth $319,900 per citizen by nicoburns on Saturday February 01, 2025 @03:41AM (#42896886)
Not necessarily. The UK had that too (the same north sea oil as Norway), but we failed to invest it wisely.
Re:Norway's wealth fund now worth $319,900 per citizen by shawabawa3 on Saturday February 01, 2025 @04:01AM (#42896992)
Norway has less than 10% the population of the UK so that oil was worth more per capita
Re:Norway's wealth fund now worth $319,900 per citizen by tharmas on Sunday February 02, 2025 @04:40PM (#42912111)
Thatcher used the oil revenues to pay for her cuts. That way the people didn't realise the damage her policies did to the economy. And they've been believers ever since.