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

#10- Dag Detter - How Public Wealth Works