Norway leads, Australia goes backwards

Norwegian Government Pension Fund Global, worth $750B, is investing in sustainable enterprise and renewables in developing countries. The government owns and operates most oil and gas industries, with minority of joint ventures, also hydro electric power, clean smelting of aluminium, even controlling its own exchange rate. It’s the second wealthiest country per capita in the world, productivity is high, 2.6% unemployment, least difference between highest and lowest paid, free education and health. Sure taxes are high but, when we hear that world ranking, for “liveability” for countries like Australia, is on the way down, it’s worth knowing that Norway has always rated higher. Meanwhile, in Australia, miners rip us off and rest of the economy collapses, undermined by imports at high exchange rate, while both Labor and Liberal compete to be lowest taxing, smallest government, free market fundamentalists!!

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About groundswellbasscoast

This is on behalf of local climate change group. Material is selected by Bernie McComb and does not necessarily represent opinion of whole group.
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