alt Hacker News> imagine what would happen if all that money was spent in Norway.
It would create jobs, sovereignty, intellectual property and soft power?
Instead it goes to strengthening the tech monopoly of a country that threatens to invade your neighbour.
> imagine what would happen if all that money was spent in Norway.
It would create jobs, sovereignty, intellectual property and soft power?
Instead it goes to strengthening the tech monopoly of a country that threatens to invade your neighbour.
It was tried in early 1980s and nearly drove any non oil-related industry in the country extinct.
Norway has a manpower bottleneck. The UK had spent its oil windfall domestically and it barely registered. But for a nation of then some 4 million the economy melts down with so much monetary mass.