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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 pa
by 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 agoIn 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 agoMy math may be off, but I think Norway has oil reserves of 0.0013 barrels per capita, the US has 0.001.
- tankenmate 8y agoStatoil (Equinor) is a good example of socialism, yes they have listed but they are still owned 70% by the govt.