It looks like madness because it’s something that’s almost completely absent from politics around the world: thinking past the next election!
Ok, the government has this oil money what should we do with it? Give everyone tax cuts? Build giant vanity projects? Throw a year-long nation-wide party with a kilo of cocaine for every household?
Nope, let’s invest it into a government owned diverse market fund so the social security of our citizens is sound for generations to come.
And it pays for public pensions. I see that as an absolute win. If there’s going to be exploitation of the working class, at least let it be to care for old bums.
The fund owns 1.5% og the world traded stocks. Madness.
It looks like madness because it’s something that’s almost completely absent from politics around the world: thinking past the next election!
Ok, the government has this oil money what should we do with it? Give everyone tax cuts? Build giant vanity projects? Throw a year-long nation-wide party with a kilo of cocaine for every household?
Nope, let’s invest it into a government owned diverse market fund so the social security of our citizens is sound for generations to come.
And it pays for public pensions. I see that as an absolute win. If there’s going to be exploitation of the working class, at least let it be to care for old bums.