As of 2024 it was actually 50% last I saw. This trend is increasing across the whole continent and it's extremely bleak. The only growth sector in all of Europ

As of 2024 it was actually 50% last I saw. This trend is increasing across the whole continent and it's extremely bleak. The only growth sector in all of Europe is government spending. Aging populations mean social outlays are increasing every year, while the private sector is being actively looted by governments, stifled, and chased away so the economy isn't growing enough to fund the increasing social welfare demands. Somehow my child understands that money must be earned before it can be taken away and redistributed, but the adults with PhDs can't figure this one out. It's a death spiral of deficits, political instability, and more stupid policy like increasing taxes in countries that already have the highest taxes in the world. Luckily Norway has oil wealth so they could probably afford to completely kill their private sector and chase away all private capital. It will just deepen their status as a petro-state. Becoming white Saudi Arabia is a bizarre goal for socialist politicians who also claim to be "moral" and care about "the environment." But as the saying goes, the children of wealth tend to make dumb decisions.