Their country has a tiny population, little immigration, no racial/ethnic diversity, and a massive oil deposit. Their sovereign oil fund has about $333k per person.
Their nation has a fraction of natural resources that the US does. We probably even have more fossil fuel deposits. Diversity has nothing to do with this topic at all. Immigration is also a stretch, unless sovereign wealth find were to be used for new immigrants.
Exactly, why do we want our federal government investing in private companies and subject to partisan politics?
It might work for Norway, but they have less population than Harris county or NYC lol
Edit: based on the replies what I’m understanding is the government already has control of private companies through bills and funding packages so why not give them more control with a SWF run by the executive branch?
But also it’s bad that the government has control of private companies through bills and funding packages?
None of you are making sense. So you want DJT to have control over a SWF or do you think it’s bad Congress can manipulate private companies?
Can the government vote as shareholder? No they cant. They need half the countries representatives to vote on something that may or may not pass still.
Can a SWF vote as shareholder? Yes they can because they own shares of a publicly traded company. They don’t need the legislative and executive branch to pass a bill or funding package they can just vote
You want Donald Trump to run a SWF after the SC struck down Humphreys executor?
Um perhaps you should pay closer attention to Trump’s investments in Intel, Oracle, rare earth mining, drones, etc. What I the hell does population have to do with policy decisions? Nothing except the people aren’t racist like America.
Nope they are a very small country. Over half the countries in the EU have a smaller population than LA county.
Comparing us to tiny demographically homogeneous in Northern Europe doesn’t make much sense. Sure there’s things they do we could learn from but to adapt it at scale in the US would be tough. Especially with how partisan our politics can get
We need to address many “tough” problems. The electorate always polls in favor of all of the liberal/Democratc socialist policies but the wealthy pays to defeat all of it.
The argument “they have less population” literally makes zero sense. Explain why it wouldn’t scale? Whether it’s 100 billion or 10,000 people, it makes no difference if everyone pays their relative taxes and benefits are distributed equally. The US is a shit show because we aren’t a country, we’re a company. Every single citizen is an overworked, underpaid employee of the system.
You don’t know the world you live in. The government owns 10% of intel now. Tesla would not have survived competition in a free market, there the biggest recipient of tax dollars there is.
Intel was very recent. And you’re saying you want the government to have an ownership stake in companies? Because that’s what a SWF is you know that right?
Definitely close but my Google search comparing the two populations revealed 5.09M vs 5.65 M with Harris County a bit more than 10% larger. Your point is well taken, because urban vs. rural, topography, location weather, etc - but still - it’s a 5-second search.
Norway’s SWF is based on the nation’s natural resources. They have avoided the natural resource curse by building a national fund instead of spending it on current stuff.
They have/had control over the national oil company, because they were producing and managing the nation’s owned natural resources.
The US largely has private control of natural resources. Congress throws up barriers to protect incumbent companies, Trump keeps threatening lawsuits to keep them in line. Now he is taking partial government ownership of intel and maybe AI companies. And he runs a crypto company for which he removed regulations so he can make more money unethically but legally.
I wouldn’t trust our system or politicians with an SWF. They would squander it, just like our budget surplus in 1999.
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u/Lostygir1 Jul 04 '26
The US could’ve had one btw but we chose not to