#10- Dag Detter - How Public Wealth Works

Dag Detter is the Managing Partner & Founder of Detter & Co. Dag specialises in public commercial assets and works as an advisor to local and national governments, investors and international financial institutions to help unlock public wealth. As the former President of Stattum, the Swedish government holding company, he was responsible for the comprehensive restructuring of the national government portfolio. In this episode we discuss how governments can make better use of their public wealth to improve citizen welfare. Chapters: 00:00- Introduction to Deg Detter 00:37- Separating State and Business 02:48- What is Public Wealth 05:18- The Case for Accrual Accounting 07:51 - Why Governments Are Averse To Risk 14:44- Why Pursuing Sovereign Wealth Fund Structures Can Be a Dead End 15:35- The Role of Professional Management17:52Social Value vs. Financial Value 21:03- Getting Value Out of Public Wealth 27:19- Conditions for Success 29:40- Government's Role in Market Failures 32:47- Sweden's Unique Approach to Market Reform 36:56- Success Stories from Dag's Experience 38:53- Difference Between SWF & NWF 41:43- Lessons from Sweden for Policymakers 43:37- Possible Takeaways for Singapore 47:38- New Zealand's Resilience Through Accrual Accounting 49:04-Closing Questions