It’s invested in a pretty diverse portfolio and there will be no reason to feel sorry for us no matter how much the economy tanks (we own everything), but the current leadership of the sovereign wealth fund is in full on AI psychosis, keeps on cozying up to tech billionaires as if their life depends on it, and is working to try to get rid of the few ethical guidelines we have in the fund arguing it makes it impossible to invest in the most profitable companies and that reality has changed to the point where the idea of ethics is outdated and irrelevant.
Nicolai Tangen, may you rot in hell alongside the fascists you enable.
The idea of the wealth fund being under technocratic control is held in extremely high regard especially by the social democrats who both designed the system and are in power at the moment, and they are not wrong in theory. So the leadership would have to be extremely unpopular in order to be replaced. Unfortunately as the stocks have gone up most people are very impressed by their performance, so there’s little incentive to remove them at the moment.
It’s invested in a pretty diverse portfolio and there will be no reason to feel sorry for us no matter how much the economy tanks (we own everything), but the current leadership of the sovereign wealth fund is in full on AI psychosis, keeps on cozying up to tech billionaires as if their life depends on it, and is working to try to get rid of the few ethical guidelines we have in the fund arguing it makes it impossible to invest in the most profitable companies and that reality has changed to the point where the idea of ethics is outdated and irrelevant.
Nicolai Tangen, may you rot in hell alongside the fascists you enable.
There has to be some process to remove him, right?
“Apolitical” shouldn’t be an excuse to make his position more secure than the monarchy’s…
The idea of the wealth fund being under technocratic control is held in extremely high regard especially by the social democrats who both designed the system and are in power at the moment, and they are not wrong in theory. So the leadership would have to be extremely unpopular in order to be replaced. Unfortunately as the stocks have gone up most people are very impressed by their performance, so there’s little incentive to remove them at the moment.
There’s little incentive now because the bubble hasn’t burst yet? Will there be more incentive after the crash?
I swear people have collective amnesia. It hasn’t even been that long since the last time this happened.