Norway is using its savings to buy minority stock ownership abroad, without linking its purchases to its own future development – except by receiving foreign exchange returns. It also is selling off ownership of its minerals and other natural resources, bringing in more foreign exchange on top of its oil exports.
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Speeches
Norway’s Oil Fund: Is it Realizing its Full Potential?
American Monetary Institute presentation
Michael gave this presentation at the AMI conference recently. You can watch it in 5 parts on youtube via the AMI page or Steve Keen kindly recorded it all as a single file here. The audio is better via AMI.
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Slideshow – Lifting the Lid on the GFC
See Michael in action whilst in Australia
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Lifting the Lid on the GFC
You can listen to this speech here.
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Steering the Economy into Debt Deflation – Melbourne Town Hall speech
You can listen to this speech here.
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Global Policy Trends in a Financialised Economy
Global Policy Trends in a Financialised Economy – Federal Parliament’s Vital issues seminar. This speech can be heard here.
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The Earth v the Neo-Liberal Paradigm – Prosper Australia speech
You can listen to this speech here
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Forever Blowing Bubbles
The presentation from Professor Michael Hudson’s Sydney talk ‘Forever Blowing Bubbles’. The screen size is small to reduce the file size.
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Real Estate: Growth, Crash, or Soft Landing?
Speech at Wariton Valley Community College. Listen here
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Privatizing Social Security to Inflate Stock Market Prices
Contents Introduction Why it was regressive to fund Social Security as an autonomous system Financial engineering vs. industrial profits and employment Social Security, forced saving and Labor Capitalism What if the stock market does boom? Will that save Social Security? Introduction This would not seem to be an auspicious time to mount a campaign...
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Capital, capital everywhere – How to invest it wisely?
With oil revenues soaring, the time has come for Norway to consider how best to apply them to strengthen its economic infrastructure and policy framework to promote the nation’s longer-term development. As matters now stand, the oil wealth is causing problems by making the krone a petrocurrency pricing Norwegian labor and industry out of...
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Oil in Norway’s Balance of Payments and the prospective impact of privatization on the krone
Speech to the Norwegian Shipowners’ Association, August 17, 2000 by Dr. Michael Hudson, ISLET © The debate over whether to privatize Norway’s oil, telephone system and other national assets has focused on considerations of whether private management would be more efficient than government management. The discussion to date has turned more on political ideology...
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Speech to the Communist Party of Cuba
Personal Introduction Here is a copy of my Havana speech last week. I suspect that some of my statements may raise ideological hackles among you. But the fact is that it was enormously successful, and established credibility to be invited back to advise the Cuban government. I believe that the important thing is the...
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Dr. Michael Hudson’s Testimony before the Russian Parliament
“Since 1995 I have been a consultant to the Duma’s Natural Resource committee, and have addressed the Duma on privatization issues on three occasions now. I am former balance-of-payments analyst for the Chase Manhattan Bank and Arthur Andersen, professor of international economics at the Graduate Faculty of the New School for Social Research, former...
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Books by Michael Hudson
