Comments by "Mosern1977" (@Mosern1977) on "Why Norway Became Rich From Oil But The UK Lost Out" video.

  1. Oil income is now secondary to returns on investments from foreign stocks. The fund is growing exponentially every year, it is snow-balling out of control. Not sure what human rights violations, civil rights and democracy issues you think of. Norway is on the top of all those statistics.
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  2. One of the reasons is that it is comparably easy to live as illegal immigrant in UK. In Norway, everything is centralized digitally, and the government knows everything about everybody. If you are not in the system, you can bascially not do anything. It is practically impossible to live outside the controlled society, and then the winter comes and kills you.
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  3. I'm sure the people of Norway is glad to hear Denmark is safe from UK invasion due to skin color.
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  4. Was easy when UK was in EU. Take a Ryan Air flight to Oslo for 10 GBP, and start living. A lot harder now.
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  5. The Norwegian governement is allowed to take out up to 3% of the fund's value every year, to prop up the government budget. Due to the war in Ukraine, and good times in the stock market, and weaking NOK, the fund is now so large that using 3% of it is way too much for the Norwegian economy. (Those 3% is around 20% of the entire state budget). The real return on the investments are way higher than 3%, and today Norway doesn't even need to use 3%. And every year as other countries buy oil and gas, more money is poured into the fund in addition to the unused returns. So due to compound interest and very long term investment horizons, the fund will continue to grow for the foreseable future, getting bigger and bigger - faster and faster. (Compound interest is a very powerful force). The main challenge for Norway going forward now is actually how to funnel all that wealth into the society, without collapsing the norwegian way of life. Its yet another potential Dutch Disease candidate, instead of oil, it is now oil-fund dividents. But needless to say, the future looks pretty bright from Norway's perspective. A bit more global warming would be welcommed, as the winters are still cold. Who knows, maybe that will sort itself out as well.
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  6. Well, that's the cost of unions I guess.
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  7. Norway's ethnic population is about 4 million. Current size is 5.5 million. So that's a good 30+% of the population being immigrants or children of those. Does GB have 20 million immigrants?
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