11–20 of 125 posts
This feels like over-analysis. Norway, with 0.07% of the world's population, has the world's best chess player ever. Two of the top ten bridge players. One of the very best soccer players under 25. And so on. Basically, it's a very oil-rich country that uses its wealth to invest in its people . And we see the results in every field of endeavor. Many other "rich" countries, whatever the source of their wealth, do not…
This feels like over-analysis. Norway, with 0.07% of the world's population, has the world's best chess player ever. Two of the top ten bridge players. One of the very best soccer players under 25. And so on. Basically, it's a very oil-rich country that uses its wealth to invest in its people . And we see the results in every field of endeavor. Many other "rich" countries, whatever the source of their wealth, do not…
Basically, it's a very oil-rich country that uses its wealth to invest in its people Agreed. It's done good for its people with its oil money - but the first thing it needed was oil. I think a more impressive country is Singapore, which has no natural resources, but projects well above its weight.
Look at what the US (I am American) has done with our wealth: highest healthcare expenditure per capita (50% more than #2), 47th in life expectancy, fifth-highest incarceration rate.
What is served by reflexively trying to diminish Norway's accomplishments with a "BUT Singapore is more impressive"? Why not instead try to learn from Norway?
Earlier quoted context omitted.
Basically, it's a very oil-rich country that uses its wealth to invest in its people Agreed. It's done good for its people with its oil money - but the first thing it needed was oil. I think a more impressive country is Singapore, which has no natural resources, but projects well above its weight.
My comment points out that Norway has done something amazing that other countries have not come close to doing. Look at what the US (I am American) has done with our wealth: highest healthcare expenditure per capita (50% more than #2), 47th in life expectancy, fifth-highest incarceration rate. What is served by reflexively trying to diminish Norway's accomplishments with a "BUT Singapore is more impressive"? Why not…
What does it even mean to be a literary powerhouse in 2023? Of the Norwegian authors they listed, the only name I recognized was Knausgård. His most famous books came out like 10 years ago, and while they were a sensation for a while, I believe they still sold best in Norway . And I think that even the most successful literary novelists of today are selling fewer copies than the moderately successful literary novelis…
Earlier quoted context omitted.
My comment points out that Norway has done something amazing that other countries have not come close to doing. Look at what the US (I am American) has done with our wealth: highest healthcare expenditure per capita (50% more than #2), 47th in life expectancy, fifth-highest incarceration rate. What is served by reflexively trying to diminish Norway's accomplishments with a "BUT Singapore is more impressive"? Why not…
The Norway model is not very replicable - we all can’t pump a huge amount of future CO2 out of the ground for almost nothing and sell it for a lot while destroying the climate such that we can invest in our tiny population
But a lot of countries have done this while also not achieving the outcomes Norway has achieved. Lots of rich oil countries out there.
This feels like over-analysis. Norway, with 0.07% of the world's population, has the world's best chess player ever. Two of the top ten bridge players. One of the very best soccer players under 25. And so on. Basically, it's a very oil-rich country that uses its wealth to invest in its people . And we see the results in every field of endeavor. Many other "rich" countries, whatever the source of their wealth, do not…
This feels like over-analysis. Norway, with 0.07% of the world's population, has the world's best chess player ever. Two of the top ten bridge players. One of the very best soccer players under 25. And so on. Basically, it's a very oil-rich country that uses its wealth to invest in its people . And we see the results in every field of endeavor. Many other "rich" countries, whatever the source of their wealth, do not…
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After all, Russia also has some awful climates, and it doesn't seem to have resulted in strong social cooperation.
Earlier quoted context omitted.
Basically, it's a very oil-rich country that uses its wealth to invest in its people Agreed. It's done good for its people with its oil money - but the first thing it needed was oil. I think a more impressive country is Singapore, which has no natural resources, but projects well above its weight.
My comment points out that Norway has done something amazing that other countries have not come close to doing. Look at what the US (I am American) has done with our wealth: highest healthcare expenditure per capita (50% more than #2), 47th in life expectancy, fifth-highest incarceration rate. What is served by reflexively trying to diminish Norway's accomplishments with a "BUT Singapore is more impressive"? Why not…
That's about $24,400 in annual oil revenue per citizen. Their sovereign wealth fund (profits from oil re-invested into the global stock market and real estate) is about $270,000 per citizen. Take the risk-free rate of putting that in US Treasuries and it's an additional $13,500 per citizen per year.
Judged in the context of Petro-states with tiny populations there is still a lot to like about Norway. But it's important to realize that UAE, Qatar and Saudi Arabia are realistically their peers, not countries like the US.
Norway was a lower income country until they discovered an infinite money glitch in the North Sea. When looking at the country, it's critical to realize their oil wealth enables them to have the government programs and society they currently enjoy, rather than mistakenly thinking those programs are the source of their wealth.
Earlier quoted context omitted.
My comment points out that Norway has done something amazing that other countries have not come close to doing. Look at what the US (I am American) has done with our wealth: highest healthcare expenditure per capita (50% more than #2), 47th in life expectancy, fifth-highest incarceration rate. What is served by reflexively trying to diminish Norway's accomplishments with a "BUT Singapore is more impressive"? Why not…
The Norway model is not very replicable - we all can’t pump a huge amount of future CO2 out of the ground for almost nothing and sell it for a lot while destroying the climate such that we can invest in our tiny population
Earlier quoted context omitted.
My comment points out that Norway has done something amazing that other countries have not come close to doing. Look at what the US (I am American) has done with our wealth: highest healthcare expenditure per capita (50% more than #2), 47th in life expectancy, fifth-highest incarceration rate. What is served by reflexively trying to diminish Norway's accomplishments with a "BUT Singapore is more impressive"? Why not…
Norway is projected to produce $122,421,000,000 worth of oil next year, against a population of only 5 million people. That's about $24,400 in annual oil revenue per citizen. Their sovereign wealth fund (profits from oil re-invested into the global stock market and real estate) is about $270,000 per citizen. Take the risk-free rate of putting that in US Treasuries and it's an additional $13,500 per citizen per year.…
Norway has implemented land value taxation for using natural resources. It’s been that way since hydropower was established more than 100 years ago.
https://slimemoldtimemold.com/2022/05/17/norway-the-once-and...