Interestingly enough, Norway was already doing quite alright before they discovered the oil - they were at 10th place amongst all European countries. The oil has given them additional wealth, but it has become somewhat of a national myth that the oil is the sole reason for Norway’s success, leading to their current reluctance to spin the industry down, despite it running fully counter to Norway’s self-image of a green nation.
Comment on Which countries combine high quality of life and strong equality?
MyBrainHurts@piefed.ca 8 hours agoNorway admittedly has gigantic, relatively recent, oil and gas reserves that allow it to fund all sorts of social programs. Not saying those are bad or anything, just not a particularly exportable model.
GissaMittJobb@lemmy.ml 1 hour ago
njm1314@lemmy.world 5 hours ago
It’s actually pretty exportable. There’s a lot of countries out there that have natural resources that should be the property of the people instead of wealthy individuals.
MyBrainHurts@piefed.ca 4 hours ago
If you’re going to start nationalizing previously established resources, that’s going to have all sorts of wild reprecussions and is not what Norway did.
But beyond the logistics, which similarly profitable resources are you thinking of?
njm1314@lemmy.world 4 hours ago
Well if course it won’t be the same. Thats why you have to export it.
All of them. All of a nations natural resources rightfully belong to the people from oil to water. From rare earth minerals to timber.
MyBrainHurts@piefed.ca 3 hours ago
All of a nations natural resources rightfully belong to the people
Yes and we have a liberal democracy to determine how best to use them. Thankfully, most folks understand that simply nationalizing resources comes with huge reprecussions which greatly outweigh the gains.
Do you have a successful example of your proposal in mind?
Meron35@lemmy.world 1 hour ago
Except that the Nordic has been replicated across all the Nordic countries, of which only Norway has vast natural resources.