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Yeah and the US has some of the worst social issues in the world. Proof by counter example, then. The Scandinavian countries have the exact opposite mindset to

Yeah and the US has some of the worst social issues in the world. Proof by counter example, then. The Scandinavian countries have the exact opposite mindset to the US yet they are some of the richest and happiest countries. But that could be the oil money talking.

kebman 8y ago
Only Norway has any real quantity of oil. Sweden has none. Denmark only has a little. Finland – albeit not technically in Scandinavia, but related since it's part of the Nordic Countries – also don't have oil. And while we're at it, also Iceland don't have oil. That should give you a better idea of how well these countries are being run. Also consider that the dream country of Reich – Venezuela – has tons of oil... While we're at it, neither Denmark nor Norway are "Democratic Socialist" states. Heck, not even Sweden, though they are marred with a Left-Wing government. They are instead Market-liberal Capitalist Welfare States. While the policies of these countries are "social" they're not Social-ist. Please make a clear distinction between the two, because Socialism – the thing Robert Reich stands for – is anything but what we have here in Norway. But like in most countries, you'll find commies also here. That doesn't mean either Communism or Socialism are viable political ideologies. Quite the contrary!
- mrob 8y ago
  >Iceland don't have oil But it does have abundant geothermal and hydropower. Aluminum smelting is a big part of Iceland's economy, and it wouldn't be possible without the cheap electricity those natural resources supply.
- mads_ravn 8y ago
  In this context I think the Norwegian Oil Fund deserves a honorable mention (https://www.nbim.no https://www.nbim.no). It really is a testament to a well-run government that they are saving significant amounts to future generations - and I say this as a somewhat envious dane :)
  - e12e 8y ago
    My math may be off, but I think Norway has oil reserves of 0.0013 barrels per capita, the US has 0.001.
- tankenmate 8y ago
  Statoil (Equinor) is a good example of socialism, yes they have listed but they are still owned 70% by the govt.
BartBoch 8y ago
You are introducing emotions to the economic statement. Yes, it does have severe social issues, but calling it worst in the world is ridiculous. Unless "world" is Europe and few rich countries. Stating that something is not good for the economy does not mean I support it, I vouch for it and I think it has future. Obviously, there are better models, but the current one works good enough currently. Once it will become too much to handle, it will be surely changed (after a series of market crashes). Market and economy will adjust itself when there is no other way.

kebman 8y ago

Only Norway has any real quantity of oil. Sweden has none. Denmark only has a little. Finland – albeit not technically in Scandinavia, but related since it's part of the Nordic Countries – also don't have oil. And while we're at it, also Iceland don't have oil. That should give you a better idea of how well these countries are being run. Also consider that the dream country of Reich – Venezuela – has tons of oil... While we're at it, neither Denmark nor Norway are "Democratic Socialist" states. Heck, not even Sweden, though they are marred with a Left-Wing government. They are instead Market-liberal Capitalist Welfare States. While the policies of these countries are "social" they're not Social-ist. Please make a clear distinction between the two, because Socialism – the thing Robert Reich stands for – is anything but what we have here in Norway. But like in most countries, you'll find commies also here. That doesn't mean either Communism or Socialism are viable political ideologies. Quite the contrary!

mrob 8y ago
>Iceland don't have oil But it does have abundant geothermal and hydropower. Aluminum smelting is a big part of Iceland's economy, and it wouldn't be possible without the cheap electricity those natural resources supply.
mads_ravn 8y ago
In this context I think the Norwegian Oil Fund deserves a honorable mention (https://www.nbim.no https://www.nbim.no). It really is a testament to a well-run government that they are saving significant amounts to future generations - and I say this as a somewhat envious dane :)
- e12e 8y ago
  My math may be off, but I think Norway has oil reserves of 0.0013 barrels per capita, the US has 0.001.
tankenmate 8y ago
Statoil (Equinor) is a good example of socialism, yes they have listed but they are still owned 70% by the govt.

BartBoch 8y ago

You are introducing emotions to the economic statement. Yes, it does have severe social issues, but calling it worst in the world is ridiculous. Unless "world" is Europe and few rich countries. Stating that something is not good for the economy does not mean I support it, I vouch for it and I think it has future. Obviously, there are better models, but the current one works good enough currently. Once it will become too much to handle, it will be surely changed (after a series of market crashes). Market and economy will adjust itself when there is no other way.