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"The Danes’ dirty secret is that its public sector has been propped up by -- now dwindling -- oil revenues. In Norway’s case, of course, it’s no secret." Lots
by o_nate 11y ago
"The Danes’ dirty secret is that its public sector has been propped up by -- now dwindling -- oil revenues. In Norway’s case, of course, it’s no secret."
Lots of places have oil wealth, including the US. But whereas in the US the oil wealth goes to enrich private investors, in places like Denmark it goes to paying for a generous welfare state, with benefits like healthcare and college education for all.