Monday, April 10, 2017

Norway



Norway has a population of 5.2 million. Before unification in 872, archaeologists estimate that there were about 20 petty kingdoms. The main sources of information are stories, most not written till sagas were penned from the 12th century. Stories were the internet of the past. Socrates thought the modern invention of writing would make us lazy. He speaks to us today through Plato's words. In 1990, Norway created a Sovereign Wealth Fund to manage the surplus wealth of Oil. Instead of spending the resources, the idea was to transform them into productive assets. If these are managed well, then all future generations benefit. That way the story lasts. Founded as Oil to start, as wealth and knowledge grew, the story can evolve unrestricted by its origins.

Labour intensive industries have been largely outsourced 
as Norway has become wealthier 
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