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cardy31 | 2 years ago

> Could the US do better? Yes.

That is like comparing a toddler to Usain Bolt in a race and saying the toddler could have done better.

The US isn’t even trying to manage any money from its resources in a way that benefits its citizens in the long term. Americans should be furious about how poorly managed the wealth from these natural resources is being managed, but instead seem to think that America is too different from Norway to even consider doing a similar sovereign wealth fund. The same bad arguments get made about healthcare all the time.

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parineum|2 years ago

> The US isn’t even trying to manage any money from its resources in a way that benefits its citizens in the long term

Different goals. Gas is and has always been (afaik) cheaper for American citizens than for Norwegians. Having more money in your pocket is a long term benefit for Americans.