On top of the recent news that by being excellent stewards of their country’s oil wealth, each Norway citizen was now a “millionaire”* (as opposed to some oil-rich jurisdictions that weren’t quite so successful in this regard), comes this story about the National Library of Norway finding a way to make copyrighted works available to citizens while also still ensuring authors and publishers get paid.
So cool.
* “Millionaire” in terms of what each citizen’s share of the country’s Sovereign Wealth Fund is worth in Norwegian kroner, the equivalent of each citizen having about $160,000 USD worth of value in the collective pot
Some info about other Sovereign Wealth Funds:
After Norway, the country with the second-largest sovereign wealth fund is Saudi Arabia with over $675 billion, followed by the Abu Dhabi, United Arab Emirates with $627 billion, according to the Sovereign Wealth Fund Institute. Alaska has one of the highest sovereign wealth funds of the U.S. states with about $47 billion.