We’ve kinda earned that, yeah. For example, Norway’s sovereign wealth was inspired by ours. It’s now the biggest investor in the world, while the Heritage Fund was periodically emptied out to save whatever politician’s job.
In our defence, it’s not different from Newfoundland and the cod fishery. People are dumb and shortsighted everywhere.
We’ve kinda earned that, yeah. For example, Norway’s sovereign wealth was inspired by ours. It’s now the biggest investor in the world, while the Heritage Fund was periodically emptied out to save whatever politician’s job.
In our defence, it’s not different from Newfoundland and the cod fishery. People are dumb and shortsighted everywhere.
Too bad the heritage fund was squandered for blatant political purposes, rather than being used for its intended purpose.