[thelaith5]

This is a great article explaining how an Iraqi was largely the mind behind putting all the oil money in a state-owned fund as to avoid the damage that oil usually had done to any country that had discovered it.

https://www.ft.com/content/99680a04-92a0-11de-b63b-00144feab...

[tomaskafka]

Putting all oil money into state owned fund also kinda helps the people ruling the state :)