Posts from — February 2010

Rescuing a virgin in dire straits

The development of Norway’s soverign wealth fund, the Government Pension Fund (GPF), has always been interesting. GPF will this year attend 2000 meetings with American companies, in which they own up to 5 percent, urging them to separate the role of CEO and Chairman. They hope to make the governance structure more transparent and independent. Governance structure in many American corporations is arguably quite old fashioned and this should be a welcome nudge in the right direction. It’s hard to argue this to be a bad thing and it could quite possibly increase returns for Norway in the long run. Even a marginal increase would be significant as the stated investment horizion of the fund is infinite, that is until the collapse of the universe or the world financial system, whichever should come first.

We do what we can to keep the battle of ideas raging.

Here at Tallinn University of Technology, our professor Wolfgang Drecshler pointed out today that as ICT enables more choice in where to get political commentary and analysis, the tendency is that people choose to only get it from sources with whom they already agree. The predictable effect is more political polarization and less real public debate.

To the extent that the authors of Evolution-Revolution are amongst those who humbly provide political commentary and analysis, we pledge to do what we can to help prevent such polarization. By eclectically embracing the ideas of the political left, right, and radical center, we sincerely hope that none of you will agree with us all the time.