4 ms·
Just like, say, Norway. Oh wait, Norway has the highest standard of living in the world.
by karcass 10y ago
Just like, say, Norway. Oh wait, Norway has the highest standard of living in the world.
- marcoperaza 10y agoVery small society with high social and ethnic cohesion and trust and guaranteed oil income is able to make welfarism work. I don't think you can derive many broader lessons from that.
- kingkawn 10y agoNot the lessons your worldview wants anyway
- selimthegrim 10y agoUh, who was it they brought in to manage their oil fund? Was it <drumroll> an Iraqi? Yes it was! https://news.ycombinator.com/item?id=9673157 https://news.ycombinator.com/item?id=9673157
- rokosbasilisk 10y agohmm. i dont see how that contradicts parent post. one iraqi doesnt change a nations demographics.
- eyko 10y agoSince the late 20th century, Norway has been quite multicultural.
- norwegianone 10y agoMost of them new comers are on welfare and they lead rape and criminal stats. Not really a success, we rot inside.
- gozur88 10y agoDoes the state own the means of production in Norway?
- Spooky23 10y agoThe government controls 70% of production. It's also a very well administered government.
- gozur88 10y agoThe government controls 70% of the entire economy's production?
- fib739mnsi8 10y agoAre you referring to Statoil only or the entire Norwegian economy? Are you implying that the vast majority of supermarkets and restaurants in Norway are owned by the government?
- crishoj 10y agoYes, to some degree. Statoil ownership according to Wikipedia: Government of Norway (67%) Government Pension Fund of Norway (3%) Others (30%)
- fib739mnsi8 10y agoSo by your measure, the United States is also socialist too because it owns certain companies in certain sectors? https://en.m.wikipedia.org/wiki/Category:Government-owned_companies_of_the_United_States https://en.m.wikipedia.org/wiki/Category:Government-owned_co...
- yummyfajitas 10y agoNorway isn't particularly socialist at all. Where did you get that idea? For example, according to the Heritage economic freedom ranking, Norway is 70.8. For comparison the US has 75.4, Singapore 87.8 and Venezuela 33.7. http://www.heritage.org/index/ranking http://www.heritage.org/index/ranking The Fraser institute has similar results: http://www.freetheworld.com/2015/economic-freedom-of-the-world-2015.pdf http://www.freetheworld.com/2015/economic-freedom-of-the-wor...
- KON_Air 10y agoQuick note; economic freedom is expected to reach %100 in socialism too, as the necessity of planning should reduce over time. Even if it is an obivious indicator, I recommend against using it as a "socialism detector".
- woodandsteel 10y agoThe Heritage Foundation is conservative, and so it has a radically different definition of economic freedom than your socialist one. But I bet you already knew that.
- KON_Air 10y agoYeah, I'm still advicing against using it on its own in general.
- macspoofing 10y agoYou guys are using different definitions of socialism. Norway has a market economy with a strong welfare state. Venezuela follows a central planning model where the currency exchange rate and commodity prices are set and enforced by the government. What is happening to Venezuela is not surprising to anyone. It's Economics 101. The fix is to give up control and let prices float freely. It will be painful in the short-term, because they dug themselves into this hole, but it will get better.