Yet he ignored the 600 pound Gorilla in the room, the Nords fund their socialism experiment with the North Sea Oil fields and the Sweeds with chocolate...
Taxation in Norway is extreme and the social bennies are great, till the oil runs out. But the cost of living is insane, a hotdog in a gas station runs 6 bucks, and it is the cheapest food in town.
Norway is a great socialist experiment, till they run out of oil. Then like all socialistic schemes, when the money runs out, it will inevitably collapse destroying the Society.
I have spent some time in Norway, love it and the people. Just get tired of all the “Obama is going to teach you how to be good socialists” cocktail talk.
To ignore the vast funds pouring into Norway from the State run North Seal Oil sales to make socialism look good is duplicitous at best.
Sweden and Finland does not have oil. Denmark has some natural gas resources, but negligeble compared to Norway.
And, the Economist talks about how Sweden has learnt from “some” of its socialistic mistakes.
Norway is a great socialist experiment, till they run out of oil.
most obviously through Norways $600 billion sovereign-wealth fund...
Norway is still pumping money into that fund which will be around producing income for that small country long after the oil is gone.
Not to mention that there are only 4million people in the entire country.
It is like the US taking the whole budget to support the people of Houston...of course it can be done.