An Iraqi who saved Norway from oil (2009)
Living in Australia it breaks your heart to see how much this country has squandered a similarly historic natural resources boom.<p>Instead of taxing it heavily and using it to build an enormous pool of money for the common good, we've simply handed it over to private interests.<p>Australia has also squandered opportunity in its retirement system: 2.6 trillion in high fee individual accounts (1% given away to the financial sector in fees every year!) instead of in a sovereign wealth fund like Norway's with a fraction of the admin costs.<p>Every country with an interest in a wealthy, fair society should be following in Norway's footsteps.<p>Fun fact: Norway is mostly socialist. The government owns the majority of the country's wealth.