4 ms·
Most (all?) of GP's points also apply to Finland, which is nowhere near as wealthy as Norway. Their government is able to provide their citizens with these ser
by tomjakubowski 8y ago
Most (all?) of GP's points also apply to Finland, which is nowhere near as wealthy as Norway. Their government is able to provide their citizens with these services because it is massively invested in the country's economy; as of 2012, total market capitalization of state holdings in Finnish companies is $115 billion, against $256.7 billion GDP. For the United States in 2012, the figures are $6 billion in SOEs against $16 trillion GDP.
source: https://www.oecd.org/corporate/oecd-dataset-size-composition-soe-sectors.htm https://www.oecd.org/corporate/oecd-dataset-size-composition...