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This is a tired line that needs to die. It was popularized by Thatcher in 1976. Take a look at Norway's finances from that date until today.[1] Norway decided
by nicoffeine 6y ago
This is a tired line that needs to die. It was popularized by Thatcher in 1976.
Take a look at Norway's finances from that date until today.[1]
Norway decided that the profits from natural resources belonged to every citizen of Norway, not just the companies that landed the leases. The profits were invested in infrastructure, including education, and conservatively invested in external markets as a hedge to internal economic crises. The results speak for themselves.[2]
America has more natural resources, more workers, more opportunities to make sensible economic decisions that provide for the well being of everyone. Instead we have an oligarchy that write laws to benefit themselves. The claims that it won't work here because market socialism "doesn't work", or because America is "too different" are pure bullshit.
[1] https://www.macrotrends.net/countries/NOR/norway/gdp-per-capita https://www.macrotrends.net/countries/NOR/norway/gdp-per-cap...
[2] http://www.oecdbetterlifeindex.org/countries/norway/ http://www.oecdbetterlifeindex.org/countries/norway/