RickyWars1@lemmy.ca to Canada@lemmy.ca · 18 hours agoCarney announces creation of Canada's first sovereign wealth fundwww.cbc.caexternal-linkmessage-square34fedilinkarrow-up1147file-textcross-posted to: world@quokk.au
arrow-up1147external-linkCarney announces creation of Canada's first sovereign wealth fundwww.cbc.caRickyWars1@lemmy.ca to Canada@lemmy.ca · 18 hours agomessage-square34fedilinkfile-textcross-posted to: world@quokk.au
minus-square☆ Yσɠƚԋσʂ ☆@lemmy.mllinkfedilinkarrow-up2·8 hours agoThe last bit is precisely the concern. There need to be guarantees that this fund can set long term goals without constant interference. Without that it risks simply becoming a slush fund that produces little tangible value.
minus-squareNotMyOldRedditName@lemmy.worldlinkfedilinkarrow-up1·7 hours agoCan you even do that? The next majority government could just change something via law and then use it as a slush fund?
minus-square☆ Yσɠƚԋσʂ ☆@lemmy.mllinkfedilinkarrow-up2·7 hours agoMaking it cooperatively owned as wraekscadu suggested could be one approach.
The last bit is precisely the concern. There need to be guarantees that this fund can set long term goals without constant interference. Without that it risks simply becoming a slush fund that produces little tangible value.
Can you even do that? The next majority government could just change something via law and then use it as a slush fund?
Making it cooperatively owned as wraekscadu suggested could be one approach.