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That’s true! Those lousy Norwegians, free riding on American innovation... I wish we had been smart enough to nationalize our oil and gas industries back in th
by claudeganon 7y ago
That’s true! Those lousy Norwegians, free riding on American innovation...
I wish we had been smart enough to nationalize our oil and gas industries back in the day as well. I wouldn’t have had to spend so much of my adult life hearing wonks go on about about slashing benefits for the elderly or things like Medicaid block grants.
- WalterBright 7y agoThe oil & gas industry in the US is 8% of GDP, not 20%. The US oil & gas industry pays about a 37% average income tax rate. Nationalizing that industry isn't going to be a bonanza for the government.
- claudeganon 7y agoSure, but I’m talking about the history of these industries’ private ownership and it’s impact on US history and politics. For example, imagine the US without the Koch brothers or any of the other fossil fuel dynasties. Or if radical labor movements had seized on Norway’s model in the 19th century.