Why Norway Is Too Rich For Their Own Good

Norway has the highest income per capita in the world, surpassing the richest countries like Singapore, Qatar, and the United States. But this Nordic nation of 5.5 million people didn’t achieve this wealth through innovation, technology, or world-class universities. They got there through pure luck and massive oil reserves. In this video, we explore how a single reluctant oil drill in 1969 transformed Norway from the poorest Scandinavian country into the world’s wealthiest nation per capita. From the accidental discovery of the massive Ekofisk oil field to building the world’s largest sovereign wealth fund worth $1.96 trillion, Norway struck the ultimate economic lottery. But there’s a dangerous downside to all this oil wealth.