Business Insider had this fantastic article from
pierre-henri dish a is about Norway
now Norway is what's called a social democracy so
in other words what that means is that it's a mixed market economy
that's or more equal makes I love capitalism
and socialism and specifically I'm talking about when you compare it to the
United States
so for example in the United States only 8 percent above the jobs
our government jobs in our economy whereas
in Norway 30 1.6 percent
of companies are government-owned companies such a a relatively
a similar metric to give you an idea what we're talking about here
now Norway has in abundance pov
natural resources so they have a petroleum exploration
and production hydro-electric power and fisheries
they also have agriculture in traditional manufacturing and oil
and they've all show also shown
a steady growth since the industrial era
but another thing to keep in mind is that they have
high levels Ulf protectionism now
what is protectionism well it's the opposite of what we do here in the
United States
which is outsourcing protectionism is actually the opposite
outsourcing or the Orwellian turn that's given to it is free trade
so there's no steep tariffs
or incentives to create jobs
here in the US we you know we'll send our jobs to Bangladesh or some shit her
to different thermal country that's when after is that's when gaddis
when you ready for the biggest
things they did that wouldn't even be considered here in the US
they nationalized the oil industry
now if you
even come close to considering that here in the US oh my god
the republicans and the democrats probably really know I know I'll
joseph stalin himself is coming to your front doorstep and he's gonna
steal your freedom in is on her 16-year-old daughter
oh I'm so horrible so okay well let's take a look at it worked out but
in Norway with this with nationalizing the oil industry what happened
it was an epic failure right I mean that's what they would tell us here in
the US I mean the republicans would go nuts if
it say's destined for failure get this
as a direct result love this and other
welfare policies that they do in Norway quote
Norway has so much money
that it literally does not know what to do with it
that's a direct quote from the article:
now interesting
quote our biggest challenge is that are
oil wealth is so huge we run the risk
over wasting it on some standard projects
that are not profitable enough look at that concern
got you know we have so much money and we're just so afraid of squandering some
love it
on some social programs that are the best kind of social programs
it's such a it's such a hard life in such a headache that we don't know
exactly the best way to spend our tremendous surplus an overflow of cash
Wow
thats amazing man now are wait a second
because conservatives always say well get to
it's a two-sided coin so in welfare states
I mean you're guaranteed to go broke
for bankrupt or defunct
right so in no way will they might have some subsidies from
the oil but the overall government has to be broken that's what happens to
welfare states they go broke right
so I guess the national debt of Norway and the deficit in Norway
it has to be out his world high right
quote Norway
has the largest sovereign wealth fund in the world
weighing in at 750
billion dollars or 570
billion euros
so yet another check yeah check mark Norway for the win
social democracies by the way or another name for social democracy is which is
one always
a welfare state that's also good
then the republicans like that's late to them that %uh nightmare
right that the opposite of the system they would want when you actually have
that system works pretty fucking peachy
I'm not done yet so again the conservatives in the US would say
well whatever that's irrelevant because in welfare states
there's no dynamic capitalism that lets people make a real money
in fact I bet in Norway the workers make shit so the actual people probably don't
make anything right
quote Norwegian industrial wages are about 70 percent
above those other European countries
nothing but a win win win win all so far
a for Norway and welfare states but again whatever conservatives might say
all that doesn't matter because in welfare states
people simply don't have the incentive to work so eventually
jim is gonna be up i mean people will just mooch off the government
in fact I bet you even all these other things are good okay whatever
I bet you unemployment is like 15 percent in Norway
what is the unemployment rate Norway 3.5 percent
devastating absolutely devastating
and I haven't even mentioned what is probably
the best parts of Norway or other out
area is it in the Scandinavian with the Scandinavian model
they have universal health care universal education universal daycare
all over a months paid vacation by law work no matter how you slice or dice it
if you believe in fax if you believe in numbers if you believe in in Paris is up
Norway for the epic win