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> Socialist nations who have transitioned smoothly from capitalism have done so very successfully (take Norway). Do you have a source for that? I'm pretty cert
by kuzimoto 7y ago
> Socialist nations who have transitioned smoothly from capitalism have done so very successfully (take Norway).
Do you have a source for that? I'm pretty certain Norway (and other Scandinavian countries) are not socialist and more of a social democracy, where they simply provide a large social safety net through heavy taxation.
I believe they still very much are in favor of a free market economy.
- aalleavitch 7y agoThe sovereign wealth fund, which is the real champion of Norway's current situation, is the result of nationalizing their natural oil reserves. Effectively, making the natural resources of Norway the property of all the Norwegian people.