Here's one I hadn't thought of until I read someone recalling how Maggie dealt with Britain's sudden oil wealth, in contrast to the Norwegians. Recall that the Norwegians put together a sovereign wealth fund-- by any measure, one of the best managed and most contructive sovereign wealth funds in the world. By contrast, Maggie cut taxes.
Counterfactual thought experiment, what if Britain had launched a sovereign wealth fund? Would it have worked like Norway's? Or would it just have been gobbled up by friends of friends?
I suppose one could also speculate on what the world would have been like had we had all those Norwegians running about (on cross-country skis, no doubt) with a few thousand extra kroner in their pockets?
Counterfactual thought experiment, what if Britain had launched a sovereign wealth fund? Would it have worked like Norway's? Or would it just have been gobbled up by friends of friends?
I suppose one could also speculate on what the world would have been like had we had all those Norwegians running about (on cross-country skis, no doubt) with a few thousand extra kroner in their pockets?
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