I am not sure that comparing only sovereign wealth funds per capita tells the whole story. For instance Australia has a lot more private wealth saved up than Norway. At a lower GINI coefficient as well! I am also not sure that the major resource exports like iron ore and coal have the same ability to extract cartel rent extraction of oil, which is a lot more concentrated in the world. https://en.wikipedia.org/wiki/List_of_countries_by_wealth_pe... Wealth per capita $USD 2021: Country Median Mean Australia 238k 484k Norway 118k 276k The Australian compulsory super-annuation scheme has made Australian long term pension sustainability much better than the rest of the world. How much of the wealth that could have gone into a sovereign fund has gone into private savings instead? I don't know if Norway or Australia did better.

Australia has an even bigger tragedy in this area: The superannuation system, which could have been a sovereign wealth fund 3x the size of Norway's, but instead was set up as individual accounts that privatize wealth instead of make it public, and amplify inequality instead of reduce it.

What is this comment even meant to convey?

The post is about a person who has foresignt and self-determination, what is Australia meant to do about it?

Further, Australia is a lot more isolated than Norway.

(Australian BTW)

“ But imagine how large our stock pile of toilet paper could be!”

What are you talking about? Australia hasn't had a recession in decades. Australia has done well with all the resources it stole from the aborigines. Most people living in australia has never experienced an economic downturn.

https://au.finance.yahoo.com/news/why-australia-hasnt-had-a-...

Australia hasn't had a recession since the early 90s and you are complaining?