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There are quite huge challenges in keeping the wealth of the nation with current redistribution systems in Nordic countries. Of course, Norway has oil, so sell
by ptaipale 11y ago
There are quite huge challenges in keeping the wealth of the nation with current redistribution systems in Nordic countries.
Of course, Norway has oil, so selling it gives money. And Sweden has lots of old money, from the time when ball bearings were selling for good money while everyone else was at war, but it has fallen from the top place of the wealthiest nations where it was decades ago. Finland, on the other hand, is in deep trouble with the same model.
- fulafel 11y agoSo does it follow that they would be doing better with less redistribution? Finland has slow growth but still doing relatively well. And low (by EU standards) debt.
- ptaipale 11y agoWell, yes. There is currently a problem that economy is choking because the system has caused a massive loss of incentives to giving and taking employment. 10 % unemployment is not very good. And debt is not yet high but the debt growth is really really bad.