--- title: "Meaning & Key Takeaway of: Most existing national capital funds have…" description: "\"Most existing national capital funds have been built up from royalties from oil and other minerals. They need not be limited that way. Most are anythin..." image: "https://sms4smile.com/quotes/i/336/guy-standing-4017_anything_most-existing-national-capital-funds-hav_2117666.jpg" --- # Most existing national capital funds have been built up… ![“Most existing national capital funds have been built up from royalties from oil and other minerals. They need not be limited that way. Most are anything but democratic. That could be changed.” quote by Guy Standing](https://sms4smile.com/quotes/i/336/guy-standing-4017_anything_most-existing-national-capital-funds-hav_2117666.jpg) [Download](https://sms4smile.com/quotes/i/336/guy-standing-4017_anything_most-existing-national-capital-funds-hav_2117666.jpg) [Open image](https://sms4smile.com/quotes/i/336/guy-standing-4017_anything_most-existing-national-capital-funds-hav_2117666.jpg) > “Most existing national capital funds have been built up from royalties from oil and other minerals. They need not be limited that way. Most are anything but democratic. That could be changed.” [Guy Standing](https://sms4smile.com/quotes/author/guy-standing/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. National wealth often relies on extractive resource royalties, limiting diversification and democratic control; alternative funding models could broaden participation. **In simple terms:** Resource wealth ties funds to minerals, limiting democracy. Key Takeaway Explore new funding sources for public capital. Themes economics politics resource management Mood critical analytical Type policy economic political When to use this quote - government budgeting - community investment funds - sovereign wealth fund reforms - local development projects Key Concepts democracy wealth distribution public finance Questions to Reflect On - How can democratic oversight be increased in sovereign funds? - What alternative revenue streams could replace mineral royalties? A Different Perspective Political resistance and entrenched interests may block reforms. ★ ★ ★ ★ ★ No ratings yet [Anything](https://sms4smile.com/quotes/about/anything/) [Capital Funds](https://sms4smile.com/quotes/about/capital-funds-1332705/) [Existing National](https://sms4smile.com/quotes/about/existing-national-4304214/) [Funds](https://sms4smile.com/quotes/about/funds/) [Funds Built](https://sms4smile.com/quotes/about/funds-built-4304213/) [National](https://sms4smile.com/quotes/about/national/) [Oil](https://sms4smile.com/quotes/about/oil/) [Royalties Oil](https://sms4smile.com/quotes/about/royalties-oil-4304215/) [Up](https://sms4smile.com/quotes/about/up/) [Way](https://sms4smile.com/quotes/about/way/) ## Related quotes > [Hedge funds, private equity and venture capital funds have played an important role in providing liquidity to our financial system and improving the efficiency…](https://sms4smile.com/quotes/jack-reed/hedge-funds-private-equity-and-venture-capital-funds-have-played-an/) [Jack Reed](https://sms4smile.com/quotes/author/jack-reed/) > [Historically venture capital funds have only allowed elite investors in.](https://sms4smile.com/quotes/brock-pierce/historically-venture-capital-funds-have-only-allowed-elite-investors/) [Brock Pierce](https://sms4smile.com/quotes/author/brock-pierce/) > [It doesn't need to be consistently concentrated in these venture-capital funds and things like that.](https://sms4smile.com/quotes/edward-snowden/it-doesn-t-need-to-be-consistently-concentrated-in-these-venture/) [Edward Snowden](https://sms4smile.com/quotes/author/edward-snowden/) > [Most venture capital funds are too short-termist and exit-driven to deal with the highly uncertain and lengthy innovation process.](https://sms4smile.com/quotes/mariana-mazzucato/most-venture-capital-funds-are-too-short-termist-and-exit-driven-to/) [Mariana Mazzucato](https://sms4smile.com/quotes/author/mariana-mazzucato/) > [A democratically governed national fracking fund should be set up, perhaps similar to what Norway and Alaska have. Areas of drilling should be rented…](https://sms4smile.com/quotes/guy-standing/a-democratically-governed-national-fracking-fund-should-be-set-up/) [Guy Standing](https://sms4smile.com/quotes/author/guy-standing/) > [All my available funds are completely tied up in cash.](https://sms4smile.com/quotes/w-c-fields/all-my-available-funds-are-completely-tied-up-in-cash/) [W. C. Fields](https://sms4smile.com/quotes/author/w-c-fields/) > [In the depth of the near depression, that he faced when he came in, Barack Obama and Democratic leaders in Congress provided 'recovery funds'…](https://sms4smile.com/quotes/jim-hunt/in-the-depth-of-the-near-depression-that-he-faced-when-he-came-in/) [Jim Hunt](https://sms4smile.com/quotes/author/jim-hunt/) > [The key thing about any fund is to make sure its expenses are low. You know, if you look at the funds in your…](https://sms4smile.com/quotes/william-j-bernstein/the-key-thing-about-any-fund-is-to-make-sure-its-expenses-are-low-you/) [William J. Bernstein](https://sms4smile.com/quotes/author/william-j-bernstein/) > [If you create a system that makes the small donors the linchpin of the system in terms of how members of Congress directly raise…](https://sms4smile.com/quotes/john-sarbanes/if-you-create-a-system-that-makes-the-small-donors-the-linchpin-of/) [John Sarbanes](https://sms4smile.com/quotes/author/john-sarbanes/) > [Trust the Canadians to produce a game about mutual funds that is actually more boring than the real thing.](https://sms4smile.com/quotes/alex-berenson/trust-the-canadians-to-produce-a-game-about-mutual-funds-that-is/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [There is a simple rule here, a rule of legislation, a rule of business, a rule of life: beyond a certain point, complexity is…](https://sms4smile.com/quotes/p-j-o-rourke/there-is-a-simple-rule-here-a-rule-of-legislation-a-rule-of-business/) [P. J. O'Rourke](https://sms4smile.com/quotes/author/p-j-o-rourke/) > [There is a natural link between the effective running of my businesses and the effective direction of philanthropic funds. I apply business principles to…](https://sms4smile.com/quotes/mohammed-hussein-al-amoudi/there-is-a-natural-link-between-the-effective-running-of-my/) [Mohammed Hussein Al Amoudi](https://sms4smile.com/quotes/author/mohammed-hussein-al-amoudi/) > [If you don't like the idea that most of the money spent on lottery tickets supports government programs, you should know that most of…](https://sms4smile.com/quotes/robert-kiyosaki/if-you-don-t-like-the-idea-that-most-of-the-money-spent-on-lottery/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) > [When we started Appaloosa, we were going to name it Pegasus because everyone was using Greek names. We filed the name. We paid $300,…](https://sms4smile.com/quotes/david-tepper/when-we-started-appaloosa-we-were-going-to-name-it-pegasus-because/) [David Tepper](https://sms4smile.com/quotes/author/david-tepper/) > [The only issue cash presents you is the independence of not stressing about funds.](https://sms4smile.com/quotes/johnny-carson/the-only-issue-cash-presents-you-is-the-independence-of-not-stressing/) [Johnny Carson](https://sms4smile.com/quotes/author/johnny-carson/) ## More by Guy Standing > [“The ethical and philosophical justifications for basic income – social justice, freedom and economic security – have been well established. They are embedded in…](https://sms4smile.com/quotes/guy-standing/the-ethical-and-philosophical-justifications-for-basic-income-social/) [Guy Standing](https://sms4smile.com/quotes/author/guy-standing/) > [What we can say with confidence is that the technological revolution is worsening inequality, due mostly to mechanisms that limit free markets. It is…](https://sms4smile.com/quotes/guy-standing/what-we-can-say-with-confidence-is-that-the-technological-revolution/) [Guy Standing](https://sms4smile.com/quotes/author/guy-standing/) > [“While there are reasons to be sceptical about the predicted technological dystopia that has prompted many high-tech plutocrats to come out in support of…](https://sms4smile.com/quotes/guy-standing/while-there-are-reasons-to-be-sceptical-about-the-predicted/) [Guy Standing](https://sms4smile.com/quotes/author/guy-standing/) > [“Selective paternalism, for those on low incomes or for other groups needing state assistance, is perhaps even worse than general paternalism, since the minority…](https://sms4smile.com/quotes/guy-standing/selective-paternalism-for-those-on-low-incomes-or-for-other-groups/) [Guy Standing](https://sms4smile.com/quotes/author/guy-standing/) > [A democratically governed national fracking fund should be set up, perhaps similar to what Norway and Alaska have. Areas of drilling should be rented…](https://sms4smile.com/quotes/guy-standing/a-democratically-governed-national-fracking-fund-should-be-set-up/) [Guy Standing](https://sms4smile.com/quotes/author/guy-standing/) > [Many low-income people in the U.S.A. charged with a crime opt to plead guilty to a lesser offence because they cannot afford to go…](https://sms4smile.com/quotes/guy-standing/many-low-income-people-in-the-u-s-a-charged-with-a-crime-opt-to-plead/) [Guy Standing](https://sms4smile.com/quotes/author/guy-standing/) > [People in the precariat rely very heavily on money wages.](https://sms4smile.com/quotes/guy-standing/people-in-the-precariat-rely-very-heavily-on-money-wages/) [Guy Standing](https://sms4smile.com/quotes/author/guy-standing/) > [“Ironically, opponents of basic income on the grounds that it would lead to a dismantling of the welfare state tend to support some variant…](https://sms4smile.com/quotes/guy-standing/ironically-opponents-of-basic-income-on-the-grounds-that-it-would/) [Guy Standing](https://sms4smile.com/quotes/author/guy-standing/) > [Globalisation began what should be called the Great Convergence, creating a globalising labour market in which wages in emerging market economies slowly converge with…](https://sms4smile.com/quotes/guy-standing/globalisation-began-what-should-be-called-the-great-convergence/) [Guy Standing](https://sms4smile.com/quotes/author/guy-standing/) > [“Although reducing poverty, economic insecurity, malnutrition and ill-health should be the primary driving forces, an additional factor is the stress being placed on societies…](https://sms4smile.com/quotes/guy-standing/although-reducing-poverty-economic-insecurity-malnutrition-and-ill/) [Guy Standing](https://sms4smile.com/quotes/author/guy-standing/) > [“The first basic income pilot in a developing country was implemented in the small Namibian village of Otjivero-Omitara in 2008–9, covering about 1,000 people.40…](https://sms4smile.com/quotes/guy-standing/the-first-basic-income-pilot-in-a-developing-country-was-implemented/) [Guy Standing](https://sms4smile.com/quotes/author/guy-standing/) > [“Leaving aside instrumental reasons for supporting a basic income, the thrill lies in the potential to advance full freedom and social justice, and the…](https://sms4smile.com/quotes/guy-standing/leaving-aside-instrumental-reasons-for-supporting-a-basic-income-the/) [Guy Standing](https://sms4smile.com/quotes/author/guy-standing/) > [“Reformers must be able to pre-empt the expected jibes over lack of ‘reciprocity’, affordability, inducement to laziness, ‘something for nothing’ and cash for the…](https://sms4smile.com/quotes/guy-standing/reformers-must-be-able-to-pre-empt-the-expected-jibes-over-lack-of/) [Guy Standing](https://sms4smile.com/quotes/author/guy-standing/) > [“The importance of ethical governance, exemplified by the Norwegian Pension Fund, is highlighted by a deplorable UK government proposal in 2016 to set up…](https://sms4smile.com/quotes/guy-standing/the-importance-of-ethical-governance-exemplified-by-the-norwegian/) [Guy Standing](https://sms4smile.com/quotes/author/guy-standing/) > [If the scale of gas is anything like the claims made by its advocates, it has major implications for the economy and British society.…](https://sms4smile.com/quotes/guy-standing/if-the-scale-of-gas-is-anything-like-the-claims-made-by-its-advocates/) [Guy Standing](https://sms4smile.com/quotes/author/guy-standing/) [Explore all 117 Guy Standing quotes ](https://sms4smile.com/quotes/author/guy-standing/) ## More Anything quotes > [I guess I've never really wanted to be anything else. I've never even thought about having another job.](https://sms4smile.com/quotes/owen-farrell/i-guess-i-ve-never-really-wanted-to-be-anything-else-i-ve-never-even/) [Owen Farrell](https://sms4smile.com/quotes/author/owen-farrell/) > [I would give anything to be able to kick a ball with my son or read the kids a bedtime story.](https://sms4smile.com/quotes/rob-burrow/i-would-give-anything-to-be-able-to-kick-a-ball-with-my-son-or-read/) [Rob Burrow](https://sms4smile.com/quotes/author/rob-burrow/) > [Comfort food is really anything you want at that time. That said, I really love Naple-style pizza.](https://sms4smile.com/quotes/geoffrey-zakarian/comfort-food-is-really-anything-you-want-at-that-time-that-said-i/) [Geoffrey Zakarian](https://sms4smile.com/quotes/author/geoffrey-zakarian/) > [I haven't shut any doors, and I'm really open to anything, so I think it's just about the material and what is going to…](https://sms4smile.com/quotes/danielle-panabaker/i-haven-t-shut-any-doors-and-i-m-really-open-to-anything-so-i-think/) [Danielle Panabaker](https://sms4smile.com/quotes/author/danielle-panabaker/) > [When it really comes down to it, the job you do is more important and is more representative of who you are than your…](https://sms4smile.com/quotes/michael-cudlitz/when-it-really-comes-down-to-it-the-job-you-do-is-more-important-and/) [Michael Cudlitz](https://sms4smile.com/quotes/author/michael-cudlitz/) > [The reason I'm drawn to it is - both the off road racing and the motorcycles on the track - it takes a lot…](https://sms4smile.com/quotes/dax-shepard/the-reason-i-m-drawn-to-it-is-both-the-off-road-racing-and-the/) [Dax Shepard](https://sms4smile.com/quotes/author/dax-shepard/) > [I never did drama at school. I did it for one term, when it was compulsory, and I hated it. Tennis was the main…](https://sms4smile.com/quotes/luke-mitchell/i-never-did-drama-at-school-i-did-it-for-one-term-when-it-was/) [Luke Mitchell](https://sms4smile.com/quotes/author/luke-mitchell/) > [We live in such a special time when literally anything we can think of is possible](https://sms4smile.com/quotes/daniel-willey/we-live-in-such-a-special-time-when-literally-anything-we-can-think/) [Daniel Willey](https://sms4smile.com/quotes/author/daniel-willey/) > [You know, I'm from Baltimore; nobody has anything. When somebody had talent, I was hiring my uncle, my cousin, you know? Getting people that…](https://sms4smile.com/quotes/sisqo/you-know-i-m-from-baltimore-nobody-has-anything-when-somebody-had/) [Sisqo](https://sms4smile.com/quotes/author/sisqo/) > [I said to my agent, 'I want short, sharp, well-paid jobs because I haven't got time for anything else.'](https://sms4smile.com/quotes/billie-whitelaw/i-said-to-my-agent-i-want-short-sharp-well-paid-jobs-because-i-haven/) [Billie Whitelaw](https://sms4smile.com/quotes/author/billie-whitelaw/) > [I think anything that anyone writes thats any good is going to have a lot of autobiography.](https://sms4smile.com/quotes/stephen-adly-guirgis/i-think-anything-that-anyone-writes-thats-any-good-is-going-to-have-a/) [Stephen Adly Guirgis](https://sms4smile.com/quotes/author/stephen-adly-guirgis/) > [If the Bible is correct, and the Earth is only 6,000 years old, that means there were no dinosaurs, and museum curators have been…](https://sms4smile.com/quotes/ron-shock/if-the-bible-is-correct-and-the-earth-is-only-6-000-years-old-that/) [Ron Shock](https://sms4smile.com/quotes/author/ron-shock/) > [Don't do anything drastic like getting your eyebrows tattooed.](https://sms4smile.com/quotes/greta-lee/don-t-do-anything-drastic-like-getting-your-eyebrows-tattooed/) [Greta Lee](https://sms4smile.com/quotes/author/greta-lee/) > [Whenever you define family as anything other than a man and a woman married together, you have just introduced an ethical nightmare.](https://sms4smile.com/quotes/tony-evans/whenever-you-define-family-as-anything-other-than-a-man-and-a-woman/) [Tony Evans](https://sms4smile.com/quotes/author/tony-evans/) > [No lusting after your neighbor's house - or wife or servant or maid or ox or donkey. Don't set your heart on anything that…](https://sms4smile.com/quotes/moses/no-lusting-after-your-neighbor-s-house-or-wife-or-servant-or-maid-or/) [Moses](https://sms4smile.com/quotes/author/moses/) [Browse all 9,437 Anything quotes ](https://sms4smile.com/quotes/about/anything/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Most existing national capital funds have been built up from royalties from oil and other minerals. They need not be limited that way. Most are anything but democratic. That could be changed.", "creator": { "@type": "Person", "name": "Guy Standing" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/guy-standing/most-existing-national-capital-funds-have-been-built-up-from/", "about": { "@type": "Thing", "name": "Anything" }, "@id": "https://sms4smile.com/quotes/guy-standing/most-existing-national-capital-funds-have-been-built-up-from/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/336/guy-standing-4017_anything_most-existing-national-capital-funds-hav_2117666.jpg", "contentUrl": "https://sms4smile.com/quotes/i/336/guy-standing-4017_anything_most-existing-national-capital-funds-hav_2117666.jpg", "url": "https://sms4smile.com/quotes/i/336/guy-standing-4017_anything_most-existing-national-capital-funds-hav_2117666.jpg", "width": 1080, "height": 1080, "caption": "“Most existing national capital funds have been built up from royalties from oil and other minerals. They…” — Guy Standing", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Guy Standing", "item": "https://sms4smile.com/quotes/author/guy-standing/" }, { "@type": "ListItem", "position": 4, "name": "Most existing national capital funds have...", "item": "https://sms4smile.com/quotes/guy-standing/most-existing-national-capital-funds-have-been-built-up-from/" } ], "@id": "https://sms4smile.com/quotes/guy-standing/most-existing-national-capital-funds-have-been-built-up-from/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```