I always heard Norway based its sovereign wealth fund (SWF) on Lougheed’s model.
Alberta produces ~4m barrels of oil per day.
Norway produces ~2m barrels of oil per day.
Alberta’s population is 5m
Norway’s population is 5.5m
Regardless of federal policy, Alberta has squandered its potential all on its own.
One concession is that an equalization payment system needs to be resorted for a modern interpretation for wealth distribution that doesn’t just go to the east and go into realestate developer pockets.
Now people want to blame everyone but the oil industry that just shipped every dollar of profit into American accounts as usual.
I’ve also realized there is no secessionist movement with actual Alberta independence in mind not american sovereign 51 state. And the there’s the cry babies like danielle smith “if i could redraw alberta i’d circle the port” like yeah bitch cool I went to grade 6 aswell.
Y’all are mad at the wrong forces, yeah fuck the squishy liberals they never commit to shit or can confidently lead in my lifetime. But the conservatives and rightists just want to hand massive bags to billionaires so we get the scraps under their table. We need worker power, we need worker ownership to build up sovereign wealth. We do not need more americans coming in to setup a chain branches of all their companies to suck money out and south more efficiently as a 51st state without tax protection or legal history.
You got a middle class life when the amount your labour has produces you should be worth at least 10mill and you should be retired resting watching it grow.
Instead we got Ralph bucks to buy that one election…
300000k safety net for every norwegian on top of their normal safety nets… and they dipped into it and paid 75% wages for 1 year during 2020 covid shutdown.
