Wealth Extraction Licenses ...
🇳🇴 What does Norway know that we don't?
Oil to one side, it’s worth remembering that Norway’s sovereign wealth fund is literally the largest in the world.
Larger that UAE and Kuwait’s combined.
So when you think about choosing your water supplier (oh, you can’t) ... or your electricity supplier (oh, it’s meaningless cos the price is fixed) ... or you get the train (oh, I’ll wait .. it’ll be here soon)...
... when you think about privatisation of utilities in this country ... and the proposals some make to grant new private drilling licenses, just remember that things could be different ...
... if the natural monopolies in this country were owned and shared by the country.
Private utilities are simply a means of wealth extraction.
Norway knows this.
Why don’t we?