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> 20% of Norway's GDP gets pumped out of the ground. The US does not have that luxury. Wrong again, the Nordics do not rely on oil to fund their welfare states
by djrobstep 5y ago
> 20% of Norway's GDP gets pumped out of the ground. The US does not have that luxury.
Wrong again, the Nordics do not rely on oil to fund their welfare states - not even Norway.
> To hand it all to the government is confirmation bias.
Your whole comment screams confirmation bias for your own ideological view. Drawing a clean dividing line between "government" and "markets" is of course a fool's errand because they aren't separate - governments create markets through enforcement of property law and many other laws and programs.
- WalterBright 5y ago> Wrong again, the Nordics do not rely on oil to fund their welfare states - not even Norway. It's still part of the reported GDP. > governments create markets through enforcement of property law and many other laws and programs. If you're familiar with my posts, I often write that the purpose of government is to protect property rights so free markets can function.