"If you look around the world, I think there are more or less decent societies. Norway is pretty decent in many ways." Chomsky said in an interview.
It is all a matter of degree. But we should not look at capitalist countries with rose-tinted glasses.
We read:
The Norwegian government's pension fund, which invests its huge oil income in more than 7,500 companies in 46 countries and is worth about £250bn. Its portfolio is more like a dirty list of the world's worst corporations, including numerous oil, mining and agribusiness corporations criticised for their human rights record and environmental impacts. The fund also invests in half a dozen tax havens and numerous Israeli and other companies accused of contributing to the occupation of Palestinian territories.
Norway's StatoilHydro, 67% owned by the government, operates in several countries accused of corruption and dire human rights records, such as Azerbaijan, Angola, Iran and Nigeria, and is eyeing up Iraq. Ministers have been speaking openly about reorienting Norwegian diplomacy to push into new oil markets such as Saudi Arabia.
On the environment, Norway's benign image is also removed from reality. True, nearly all domestic electricity comes from hydroelectric plants and Norway was one of the first to adopt a carbon tax to address global warming, in 1991. Yet with 0.1% of the world's population, Norway emits 0.3% of greenhouse gas emissions; if oil exports are included, the figure may be about 2%. The government is committed to making Norway carbon neutral by 2050, yet this will partly be achieved by buying carbon reductions in other countries, not reducing to zero Norway's own emissions.
Norwegian arms exports – little known outside the country – are booming. Although amounting to 0.1 per cent of world arms exports, Norway's weapons sales have tripled since 2000, reaching £336m worth in 2007. Norwegian arms were used by the US and Britain during the invasion of Iraq while a lack of controls in Oslo have allowed high explosives sold to the US to be re-exported to Israel for use in the occupied territories.
It is all a matter of degree. But we should not look at capitalist countries with rose-tinted glasses.
We read:
The Norwegian government's pension fund, which invests its huge oil income in more than 7,500 companies in 46 countries and is worth about £250bn. Its portfolio is more like a dirty list of the world's worst corporations, including numerous oil, mining and agribusiness corporations criticised for their human rights record and environmental impacts. The fund also invests in half a dozen tax havens and numerous Israeli and other companies accused of contributing to the occupation of Palestinian territories.
Norway's StatoilHydro, 67% owned by the government, operates in several countries accused of corruption and dire human rights records, such as Azerbaijan, Angola, Iran and Nigeria, and is eyeing up Iraq. Ministers have been speaking openly about reorienting Norwegian diplomacy to push into new oil markets such as Saudi Arabia.
On the environment, Norway's benign image is also removed from reality. True, nearly all domestic electricity comes from hydroelectric plants and Norway was one of the first to adopt a carbon tax to address global warming, in 1991. Yet with 0.1% of the world's population, Norway emits 0.3% of greenhouse gas emissions; if oil exports are included, the figure may be about 2%. The government is committed to making Norway carbon neutral by 2050, yet this will partly be achieved by buying carbon reductions in other countries, not reducing to zero Norway's own emissions.
Norwegian arms exports – little known outside the country – are booming. Although amounting to 0.1 per cent of world arms exports, Norway's weapons sales have tripled since 2000, reaching £336m worth in 2007. Norwegian arms were used by the US and Britain during the invasion of Iraq while a lack of controls in Oslo have allowed high explosives sold to the US to be re-exported to Israel for use in the occupied territories.
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public-sector workers are unwittingly pouring hundreds of millions of pounds through their pensions into funding cigarette manufacturers and companies dealing in arms. More than £220 million is tied up in tobacco firms – including those behind Marlboro, Benson & Hedges and Lucky Strike.
Fund managers have also directed money into the arms trade, with £55m invested in the world's 10 largest arms sellers who trade in high-explosive shells, rocket launchers, armoured tanks and F-16 fighter jets. Eight of the local authorities administering the scheme admitted to having money invested in leading defence firms such as Lockheed Martin and BAE Systems.
http://www.heraldscotland.com/news/home-news/councils-warned-over-tobacco-investments.20021680
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