The writer writes a lot about Norway and its welfare state. Norway can “afford” its welfare rolls thanks to oil....for now.
Socialism always rots from the inside out. The rot is much faster at the end of a gun (Venezuela) but it will come to Norway too. It always does.
“You may want to read this:
http://www.brusselsjournal.com/node/1234/print
The writer writes a lot about Norway and its welfare state. Norway can “afford” its welfare rolls thanks to oil....for now.
Socialism always rots from the inside out. The rot is much faster at the end of a gun (Venezuela) but it will come to Norway too. It always does.”
Thanks for the link.
In recent decades the politics in Norway alternates between social democratic and liberal (in the free market sense) governments.
Socialists have been an important factor in Norwegian politics since the election of 1927. How long socialism will remain an important dynamic in Norway’s political and economic systems is anybody’s guess. Both free market and socialist Norwegian governments have been wise in investing oil profits for the days when the oil and gas run out. Its just that the oil revenues have been so huge that Norwegian political parties out duel each other for increasing government benefits to the people. In spite of this, Norway’s public debt as a percentage of GDP is 45% compared to the US where it is 65%,
The current parliamentary majority is a coalition of the Labour Party, the Socialist Left Party and the Center Party.