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The US is more wealthy. Moreover, perhaps Norway is wealthier because of its support systems.
by dd36 8y ago
The US is more wealthy. Moreover, perhaps Norway is wealthier because of its support systems.
- cdoxsey 8y agoNorway is wealthy because of oil: https://en.m.wikipedia.org/wiki/Government_Pension_Fund_of_Norway https://en.m.wikipedia.org/wiki/Government_Pension_Fund_of_N...
- dnh44 8y agoLots of countries have abundant natural resources. Most of those resources are exploited by private interests though.
- gaius 8y agoNorway is wealthy because of oil Right; you wouldn't compare Norway to the entire US, you'd compare it to Alaska. People forget this about the US. You wouldn't compare "California" to "the EU" because that wouldn't make sense.
- dd36 8y agoI said wealthier. And yes, as other state, the US had and has significantly more natural resources per capita.
- wutbrodo 8y agoI'm a fairly strong believer in the second-order positive economic effects of social programs, but in the case of Norway, it's wealth is much more directly attributable to resource wealth in a first-world region.