Øystein Olsen
Public servant and former Governor of Norges Bank
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Sep 8, 2026
Is Norway too rich for its own good?
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5:35

Øystein OlsenGUEST
Thank you, David, and thank you for having this opportunity and this, this conversation with you.

Øystein OlsenGUEST
We've become a very rich country, and there are many reasons, of course, but the reasons that dominates compared to other countries is that we have this huge oil wealth, which we have been able to develop over time and exploit oil and gas resources, and to do that in a very, in a relatively sensible way.

Øystein OlsenGUEST
We have actually been relatively restrictive to u-use the oil revenues in, in a sense that we have actually limited the use of oil revenues to the actual return.

Øystein OlsenGUEST
So we have sort of preserved the wealth for coming generations, and in, in a sense that we have transformed a large part of the natural resources in the North Sea and in the sea in general to a huge financial wealth, which we mentioned, the Sovereign Wealth Fund of Norway, which we can call the Oil Fund, which it's what it is.

David MarshHOST
I think you say he might have used these phrase, "The Vikings turn to weaklings." So could you take both of those points and just talk about those, please? Also in the light of your first chapter, which is called Everything Was Better Before.
MAGNUM: Martin Bech Holtes performative brutalitet | ØYSTEIN OLSEN og EIVIND THOMASSEN
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Eivind ThomassenGUEST
Det er, det er det vi også det, det er et av hovedpoengene våre i denne boken.

Øystein OlsenGUEST
Din tolkning av vårt budskap i boken da, som går litt utover alle faktafeilene, det er helt riktig.

Øystein OlsenGUEST
Det er flere stemmer der ute som, som vi sammenligner i hvert fall ikke Martin Beck Holte med noen andre enkeltpersoner.
14 MINS LATER
