sovereignwealthfund   11

The Iraqi who saved Norway from oil
When he boarded his flight from London to Oslo, Farouk al-Kasim, a young Iraqi geologist, knew his life would never again be the same. Norway was a country about as different as it was possible to imagine from his home, the Iraqi port city of Basra. He had no job to go to, and no idea of how he would make a living in the far north. It was May 1968 and al-Kasim had just resigned from his post at the Iraq Petroleum Company. To do so, he had had to come to the UK, where the consortium o...
norway  sovereignwealthfund  auspol  money  oil  iraq  politics 
april 2018 by gyaresu
The Totally Doable Slate of Economic Reforms That Conservatives Are Losing Their Minds Over | Demos
[References this article: http://www.rollingstone.com/politics/news/five-economic-reforms-millennials-should-be-fighting-for-20140103 ]

"Jesse Myerson has a piece at The Rolling Stone detailing five economic reforms he believes Millennials shoud be fighting for. His proposed reforms are a job guarantee, a universal basic income, a land value tax, a sovereign wealth fund, and state banks. I do not generally care for framing that talks about what Millennials should be fighting for because it does not really make any sense, but the five reforms he lists are basically doable and have been written about here and elsewhere before.

Nonetheless, a massive conservative backlash ensued on Twitter in response to the piece. On some level, this kind of reaction is to be expected. Conservatives prefer our institutions as they exist and the way they distribute power, income, and wealth in society. But the conservative backlash did not center around how they just prefer another system. Instead, it was almost universally premised on the idea that these reforms are fundamentally impossible. This is a popular conservative rhetorical move because declaring impossible all of the things that are so much more appealing than what they have to offer is the only real way to advocate the terrible things they support.

Nonetheless, with the exception of Myerson's call for a job guarantee, all of the other reforms he proposes—a universal basic income, a land value tax, a sovereign wealth fund, and public banks—are clearly possible because they already exist in the world.

Universal Basic Income… Land Value Tax… Sovereign Wealth Fund… Public Banks"

[See also: http://digbysblog.blogspot.com/2014/01/pulling-hard-on-left-end-of-rope-makes.html ]
mattbruenig  economics  policy  jessemyerson  universalbasicincome  landvaluetax  sovereignwealthfund  publicbanks  employment  work  2014  ubi 
january 2014 by robertogreco

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