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Thread: Norway - Is It The Perfect Economy?

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    Veteran Member The Lawspeaker's Avatar
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    Default Norway - Is It The Perfect Economy?


    Norway's Economy has been used as the poster child for a socialist mixed economy done right? Is it really the perfect economy or just another country that won the oil lottery? I will try to respond to all questions in the comment section if you have any. References- Hellevik, O., 2003. Economy, values and happiness in Norway. Journal of Happiness Studies, 4(3) Klein, L.R., 1948. Planned Economy in Norway. The American Economic Review, 38(5), Richardson, B.J., 2011. Sovereign wealth funds and the quest for sustainability: insights from Norway and New Zealand. NJCL, p.i. Backer, L.C., 2009. Sovereign wealth funds as regulatory chameleons: The Norwegian sovereign wealth funds and public global governance through private global investment. Geo. J. Int'l L Andreß, H.J. and Heien, T., 2001. Four worlds of welfare state attitudes? A comparison of Germany, Norway, and the United States. European Sociological Review https://www.numbeo.com/cost-of-living... Music - Brandenburg Concerto No4-1 BWV1049 - Classical Whimsical by Kevin MacLeod is licensed under a Creative Commons Attribution licence



    Wake up and smell the coffee.


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    Quote Originally Posted by The Lawspeaker View Post
    Norway is just a country that has a small population and won the oil lottery; I don't think you can scale that to America. Maximum prosperity , for America, is on a laffer curve rather than a diagonal straight line and the maximum economic prosperity would be somewheere between where America is now and Sweden but Sweden is slightly closer to the ideal. However, Amerians are libards who think such thoughts are socialist meanwhile their neoliberal mode of capitalism has failed big time in 2008 and has not fully recovered , yet, proving it is yet another failed mode of capitalism :


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    Veteran Member The Lawspeaker's Avatar
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    ^It's just a completely different economic system. The Americans have all those resources and pissed them away, the Norwegians struck gold and invested it.



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    You are Dutch .. the Dutch wealth was not given ... it was built by your ancestors..( some of them were pirates.. )

    Norway is just lucky


    Italy has "nothing" no oil no gas no coal no iron.. no gold... no silver...

    We have even been exploited by the few colonies we had...
    Last edited by renaissance12; 10-02-2019 at 08:01 AM.

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    Norway Unexpectedly Pulls $400 Million From Sovereign Wealth Fund

    Although the government refused to comment on the circumstances behind the withdrawal. But one possible motive can be found in the global oil market: Prices tumbled in August, sticking the Norwegian government with a hole in its budget. Benchmark Brent crude hit a seven-month low of about $56 a barrel in early August amid global growth concerns.

    That’s well below the government’s oil-price forecasts from its revised budget. The Norwegian government had forecast prices between $67 and $70 a barrel between August and the rest of the year.

    Although the government refused to comment on the circumstances behind the withdrawal. But one possible motive can be found in the global oil market: Prices tumbled in August, sticking the Norwegian government with a hole in its budget. Benchmark Brent crude hit a seven-month low of about $56 a barrel in early August amid global growth concerns.

    That’s well below the government’s oil-price forecasts from its revised budget. The Norwegian government had forecast prices between $67 and $70 a barrel between August and the rest of the year.

    https://www.zerohedge.com/markets/no...comment_stream

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    Veteran Member The Lawspeaker's Avatar
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    Quote Originally Posted by renaissance12 View Post
    You are Dutch .. the Dutch wealth was not given ... it was built by your ancestors..( some of them were pirates.. )

    Norway is just lucky


    Italy has "nothing" no oil no coal no iron.. no gold... no silver...

    We have even been exploited by the few colonies we had...
    I wouldn't call Norway's wealth pure luck either but hard work and dedication: they were always a trading nation much like the Netherlands. They just were under foreign rule, missed the agricultural component and didn't have colonial markets.



    Wake up and smell the coffee.


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    Veteran Member wvwvw's Avatar
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    Quote Originally Posted by JamesBond007 View Post
    Norway is just a country that has a small population and won the oil lottery; I don't think you can scale that to America. Maximum prosperity , for America, is on a laffer curve rather than a diagonal straight line and the maximum economic prosperity would be somewheere between where America is now and Sweden but Sweden is slightly closer to the ideal. However, Amerians are libards who think such thoughts are socialist meanwhile their neoliberal mode of capitalism has failed big time in 2008 and has not fully recovered , yet, proving it is yet another failed mode of capitalism :

    Crete alone has more natural gas (and oil) than Norway, worth 26 trillion of dollars. More natural gas than Russia, more gas (and oil) than Qatar or Saudi Arabia.

    And although 80% of the future profits will go to the big companies like Excon mobil or Total, Greece will nevertheless get 20% of those profits, that's 5 TRILLION of dollars within the next 30 years.

    The future looks very promising for Greece (and Cyprus). It is no coincidence that Greece now borrows with 0,8% that is lower than the U.S. borrows.

    The drillings will begin within 2020

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    Veteran Member wvwvw's Avatar
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    Quote Originally Posted by The Lawspeaker View Post
    I wouldn't call Norway's wealth pure luck either but hard work and dedication: they were always a trading nation much like the Netherlands. They just were under foreign rule, missed the agricultural component and didn't have colonial markets.
    And the fact Scandinavia hasn't been involved in a war for 200 years.

    The Nazis didn't destroy Norway like they did with Greece or Poland.

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    Veteran Member renaissance12's Avatar
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    Quote Originally Posted by The Lawspeaker View Post
    I wouldn't call Norway's wealth pure luck either but hard work and dedication: they were always a trading nation much like the Netherlands. They just were under foreign rule, missed the agricultural component and didn't have colonial markets.

    They are lucky because of oil and this..: renewable energy 98% of total electricity produced..


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    Quote Originally Posted by wvwvw View Post

    The Nazis didn't destroy Norway like they did with Greece or Poland.
    Yeah I'm sure that's the reason you're third world.


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