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Here's a question ... if America is so rotten, what other country is running their ship better?
Answer: Norway ("turn right at Greenland") Check out how Norway is spending the windfall it has received for selling the oil drilled from its territory.
Answer: Norway ("turn right at Greenland") Check out how Norway is spending the windfall it has received for selling the oil drilled from its territory.
All right! The hard Right Wing lives in Europe as well. Thanks for doing your job to find its media organs.
Here's another one - the CIA
https://cia.gov/library/publications...k/geos/no.html
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The Norwegian economy is a prosperous bastion of welfare capitalism, featuring a combination of free market activity and government intervention. The government controls key areas, such as the vital petroleum sector, through large-scale state enterprises. The country is richly endowed with natural resources - petroleum, hydropower, fish, forests, and minerals - and is highly dependent on the petroleum sector, which accounts for nearly half of exports and over 30% of state revenue. Norway is the world's third-largest gas exporter; its position as an oil exporter has slipped to seventh-largest as production has begun to decline. Norway opted to stay out of the EU during a referendum in November 1994; nonetheless, as a member of the European Economic Area, it contributes sizably to the EU budget. In anticiipation of eventual declines in oil and gas prodution, Norway saves almost all state revenue from the petroleum sector in a sovereign wealth fund. After lackluster growth of less than 1.5% in 2002-03, GDP growth picked up to 2.5-6.2% in 2004-07, partly due to higher oil prices. Growth fell to 2.3% in 2008 as a result of the slowing world economy and the drop in oil prices.
...
GDP per capita - $57,500 (2008 est.) - USA is $47,000
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What does that have to do with Norwegian oil revenues????
The point is the rest of the world right now is suffering way worse from this crisis so far than we are. That may change if we stagnate growth with punishment taxes. It's happening all across the world.
All right! The hard Right Wing lives in Europe as well. Thanks for doing your job to find its media organs.
Here's another one - the CIA
https://cia.gov/library/publications...k/geos/no.html
//
The Norwegian economy is a prosperous bastion of welfare capitalism, featuring a combination of free market activity and government intervention. The government controls key areas, such as the vital petroleum sector, through large-scale state enterprises. The country is richly endowed with natural resources - petroleum, hydropower, fish, forests, and minerals - and is highly dependent on the petroleum sector, which accounts for nearly half of exports and over 30% of state revenue. Norway is the world's third-largest gas exporter; its position as an oil exporter has slipped to seventh-largest as production has begun to decline. Norway opted to stay out of the EU during a referendum in November 1994; nonetheless, as a member of the European Economic Area, it contributes sizably to the EU budget. In anticiipation of eventual declines in oil and gas prodution, Norway saves almost all state revenue from the petroleum sector in a sovereign wealth fund. After lackluster growth of less than 1.5% in 2002-03, GDP growth picked up to 2.5-6.2% in 2004-07, partly due to higher oil prices. Growth fell to 2.3% in 2008 as a result of the slowing world economy and the drop in oil prices.
...
GDP per capita - $57,500 (2008 est.) - USA is $47,000
//
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