>Ed,
>You make a good point which reminded me of our own example of the same
>phenomenon: Alberta. What often passes for good management in that province is
>actually a whole lot of oil and natural gas in the ground.
>
>In the case of Norway, it seems to me that they are on the right track. It is
>often said that the best use of non-renewable resources is for the development
>of renewable resources. Norway's most important renewable resource is its its
>people and investment in that resource is the very best use that could be made
>of its revenues from the North Sea. Compare that with Canada's 10 year
record of
>what I would call disinvesting in people.
>As always, it is mentally challenging to talk to you.
>Rudy Rogalsky
>
Rudy,
Good to hear from you. I agree with you. I don't what much about the
Norwegian political system. Perhaps Tor can help us out. It may be more
centralized than ours. We have a terrible time doing anything positive
because of jurisdictional splits between the federal and provincial
governments, and because we have become deeply mired in the belief that
governments should behave like businesses, always watching the "bottom line"
and balancing budgets year to year. (Eva: it is not only Marx who is dead,
Keynes is too.)
Best regards,
Ed Weick
