Big Shift: Norway Just Reached a Breaking Point. Imagine each individual has circa £300,000 attributed to them by the Sovereign Wealth Fund. This fund is worth 2 trillion and it is making money from the Ukrainian war and war economies

Jul 31, 2026

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When Norway discovered North Sea oil, it was already stable and prosperous; oil enabled it to solve problems with money. Over the following decades, petroleum wealth financed an expanding state, generous social protections, and broad investments that allowed Norway to raise living standards while postponing many of the difficult trade-offs faced by other countries.

Today, Norway remains one of the world’s wealthiest societies, yet it faces a new generation of structural challenges. Increasingly, these challenges are proving resistant to higher spending alone, forcing long-delayed choices about work, welfare, efficiency, and the role of the state back into public debate.

Norway’s greatest challenge may no longer be creating prosperity, but adapting a model built during an era of exceptional abundance.

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About michelleclarke2015

Life event that changes all: Horse riding accident in Zimbabwe in 1993, a fractured skull et al including bipolar anxiety, chronic fatigue …. co-morbidities (Nietzche 'He who has the reason why can deal with any how' details my health history from 1993 to date). 17th 2017 August operation for breast cancer (no indications just an appointment came from BreastCheck through the Post). Trinity College Dublin Business Economics and Social Studies (but no degree) 1997-2003; UCD 1997/1998 night classes) essays, projects, writings. Trinity Horizon Programme 1997/98 (Centre for Women Studies Trinity College Dublin/St. Patrick's Foundation (Professor McKeon) EU Horizon funded: research study of 15 women (I was one of this group and it became the cornerstone of my journey to now 2017) over 9 mth period diagnosed with depression and their reintegration into society, with special emphasis on work, arts, further education; Notes from time at Trinity Horizon Project 1997/98; Articles written for Irishhealth.com 2003/2004; St Patricks Foundation monthly lecture notes for a specific period in time; Selection of Poetry including poems written by people I know; Quotations 1998-2017; other writings mainly with theme of social justice under the heading Citizen Journalism Ireland. Letters written to friends about life in Zimbabwe; Family history including Michael Comyn KC, my grandfather, my grandmother's family, the O'Donnellan ffrench Blake-Forsters; Moral wrong: An acrimonious divorce but the real injustice was the Catholic Church granting an annulment – you can read it and make your own judgment, I have mine. Topics I have written about include annual Brain Awareness week, Mashonaland Irish Associataion in Zimbabwe, Suicide (a life sentence to those left behind); Nostalgia: Tara Hill, Co. Meath.
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