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Australia is one of the richest countries in the world. You have heard it. I have heard it. Everybody has heard it. The lucky country, we call ourselves. Except the phrase does not actually mean what most Australians think it means. The phrase came from a bloke named Donald Horne. And when he wrote it, he was not praising Australia. He was criticising it. He was saying Australia succeeds despite its leadership, not because of it. Which raises a much darker question. If we have spent decades repeating a phrase without actually asking what it meant, what else have we been repeating without checking? Because if Australia really is as rich as we keep telling ourselves, why is every conversation these days a survival conversation? Rent, mortgage, groceries, power bills, interest rates. Where is the wealth actually going? In this episode I follow the rabbit hole. Norway. Alaska. Sovereign wealth funds. The Australian Future Fund and why it is basically a joke. What it means to dig up an inheritance versus what it means to capture the value of one. And a question every Australian should be asking out loud. If you have been following this season so far, this is where the ownership and value capture thread really starts to bite. Watch the full episode. Share it with one person who still thinks Australia is doing fine. ———————————————————— SUBSCRIBE for more conversations on Australian sovereignty, debt, productivity and the systems shaping our future. HIT THE BELL so you do not miss the next episode in this economics series. SHARE this with one person who needs to hear it. ———————————————————— LISTEN ON YOUR FAVOURITE PLATFORM Spotify: https://open.spotify.com/show/2bLmK1TVogHJ1T4J13Gdxo Apple Podcasts: https://podcasts.apple.com/podcast/id1840321746 YouTube: https://www.youtube.com/channel/UCps9Uscz9BzWqyLFvfWXCRw SUPPORT THE SHOW Patreon: https://www.patreon.com/cw/emekaedwinshow Website: https://edwinnweze.com ———————————————————— CHAPTERS 00:00 Cold open — the rabbit hole 00:37 Rich country, broke citizens — the question 02:04 "The Lucky Country" was never a compliment 04:11 Australia's mountain of resources 05:00 Enter Norway — the sovereign wealth model 06:46 Australia's Future Fund vs Norway's 07:21 We dig, we sell, we do not capture 08:32 Enter Alaska — the citizen dividend 09:55 The family farm analogy 11:20 GDP versus who captures the value 12:16 The core thesis — value capture, not wealth 13:11 Cliffhanger — the resource curse, next week ˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍ ✅ For Business inquiries ►[email protected] ˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍ ✅ 𝐒𝐭𝐚𝐲 𝐂𝐨𝐧𝐧𝐞𝐜𝐭𝐞𝐝 𝐖𝐢𝐭𝐡 𝐌𝐞: 👉 Link Tree: https://linktr.ee/edwinnweze 👉 Website: https://www.edwinnweze.com/ 👉 Subscribe: https://www.youtube.com/@EmekaEdwinShow ˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍ ✅ 𝐎𝐭𝐡𝐞𝐫 𝐕𝐢𝐝𝐞𝐨𝐬 𝐘𝐨𝐮 𝐌𝐢𝐠𝐡𝐭 𝐁𝐞 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐈𝐧 𝐖𝐚𝐭𝐜𝐡𝐢𝐧𝐠: 👉 • https://www.youtube.com/watch?v=tKjm0gUPy10 👉 • https://www.youtube.com/watch?v=U6RD8GpgVAg 👉 • https://www.youtube.com/watch?v=N6wrOifQLbY 👉 • https://www.youtube.com/watch?v=3xNou5VB7-c ˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍ 𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: Copyright Disclaimer Under section 107 of the Copyright Act of 1976, allowance is made for "fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. ˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍ 🔎 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐏𝐡𝐫𝐚𝐬𝐞𝐬: the emeka edwin show,australian politics,australian economy,sovereign wealth fund,norway sovereign wealth fund,alaska permanent fund,resource curse,australia mining,iron ore australia,gold australia,ownership economy,Australia history,Australian politics,Australian culture,Australia explained,history of Australia,Australia documentary,political history,Australia facts,Donald Horne Lucky Country,Australian economy,Australia education ˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍ #️⃣ 𝐇𝐀𝐒𝐇𝐓𝐀𝐆: #australia #TheLuckyCountry #DonaldHorne #australianhistory #australianpolitics #historyexplained #australianculture #politics #documentary #history

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