31 March

In Norway, super doesn’t cost you a cent. Instead they set high rates for royalties for their oil production, and fund the entire scheme with that. Currently the scheme has about $450,000 per person saved, for every person in the country. It’s basically a hugely generous aged pension, rather than super. Australia has vastly more natural resources than Norway. We mostly give them away to foreign mining and fossil fuel companies. Because we’re lazy, and stupid. As a measure of just how stupid, we not only give our resources away. Foreign companies then sell them back to us, at highly inflated prices.