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A comment on Norway's wealth fund now worth $319,900 per citizen. Parent comment

Re:Norway's wealth fund now worth $319,900 per citizen by calmbonsai on Saturday February 01, 2025 @04:03AM (#42896995)
I would list Norway as exceptional since every other petro-state has had generations of corruption and most have credible histories of human rights violations.
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Re:Norway's wealth fund now worth $319,900 per citizen by dyauspitr on Saturday February 01, 2025 @04:49AM (#42897232)
They’re definitely governing well but without the oil it would all break down in a heartbeat.
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Re:Norway's wealth fund now worth $319,900 per citizen by calmbonsai on Saturday February 01, 2025 @08:48PM (#42904793)
The fun "life-hack" is now the oil doesn't matter anymore.

Norway needed it initially, but thinks to smart conservative finance policies now they don't.

As as lovely counter example, look at all of the UAE's expenditures on attempts at "destination tourism" revenue.

UAE "invested" its money into concrete. Norway invested its money into its people.

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Re:Norway's wealth fund now worth $319,900 per citizen by jfengel on Monday February 03, 2025 @02:20PM (#42921737)
I would note that the US, while not technically a petrostate, does get almost 10% of its economy from the fossil fuel industry.
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