Can Norway learn from Goa?

Our movement has been inspired by the permanent funds of Norway and Alaska. In a norwegian article titled “With Oil Fund as a model“, Kenneth Bo Nielsen describes the Goenchi Mati proposal, and considers whether there are aspects for Norway to learn from. The Norwegian newpaper, Bergens Tidende, has published the article.

Reduce volatility of state finances

The Pew Charitable Trusts are doing a series of studies on the fiscal health of US states. Their paper, “From Volatile Severance Taxes to Sustained Revenue” discusses how money received from minerals is a significant cause of volatility in the state government budgets. They also discuss how minerals deplete and often they leave nothing once the minerals are exhausted. While they suggest greater …

What can we learn from Alaska

Alaska is the global role model for a Citizen’s Dividend, and we have copied Alaska as well. However, there is another lesson to be learnt from Alaska: how much should we deposit into the Permanent Fund. We have argued in an earlier blog post that the only solution is to deposit 100% into the Permanent Fund. This avoids consumption of …

Today’s environmentalism

Dr. Madhav Gadgil writes a fascinating article in the Economic & Political Weekly (EPW) drawing extensively from his experience with the Western Ghats Ecology Expert Panel (WGEEP) and with mining in Goa. He recapitulates the horror experienced with mining in Goa, including the difficulties tribals have found in establishing a cooperative to undertake mining in their village.

Village cooperatives and basic income

Village cooperatives around the world seem to be getting to the idea of a basic income. Mendha-Lekha in India is a famous example of a village cooperative with their own Permanent Fund. Similarly, Alaska has a series of Native Regional and Village Cooperatives, many of which pay out an annual dividend, in addition to the Alaska Permanent Fund Dividend. In China …