Lessons for Australia from Norway/curse of resources

Our 2 countries couldn’t be further apart, by geography, by ethics and morality or by climate, both weather and politics. For a population of 5Million people, they have pension fund of nearly $1Trillion. Vast majority of enterprises are government owned. They nave second highest standard of living in the world, 2.7% unemployment, free education, health and generous welfare. Amongst African countries, Nigeria probably has the most wealth of resources. They also have the most debt with huge divide between rich and poor. Looks like we’re going more like Nigeria, especially in comparison with Norway, thanks to Coal-ition free market fantasies.

>readmore> ClimateSpectator

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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