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> And in Finland, they redistribute the North Sea oil money back into the economy Finland doesn't border the North Sea, nor does it produce a drop of oil from
by jsnell 13y ago
> And in Finland, they redistribute the North Sea oil money back into the economy
Finland doesn't border the North Sea, nor does it produce a drop of oil from anywhere else. I'm not quite sure which country you were thinking of there -- Norway quite explicitly doesn't pump the oil money into the local economy but runs a giant fund that invests the proceeds elsewhere, to be used once the oil runs out.
It's also completely absurd to claim that Germany and Finland are somehow optimizing for per-capita income (wtf?), or that profit is the last priority, or that jobs are plentiful, or that one can't even get fired, etc. You appear to have built up some idealized version of Europe that has little to do with reality.
- zackmorris 13y agoI stand corrected, it's Norway that has the North Sea oil money, not Finland. But Germany does have the policy I mentioned, that inject money directly into employees' pockets during downturns rather than firing them, it's called Kurzarbeit: http://www.aei.org/article/economics/fiscal-policy/us-should-try-germanys-unemployment-medicine/ http://www.aei.org/article/economics/fiscal-policy/us-should...