Meanwhile, socialist Norway’s wealth fund could maintain everyone’s standard of living for 400 years if they stopped working right now.
I upvoted for the first sentence, don’t know enough about Norway to have a critical opinion on the second one. It does sound like imperialism though. When they don’t any more resources to exploit nationaly, capitalists must go elsewhere
In a democratic state, things like universal healthcare are also called “socialized medicine” because it is an example of the people owning the means of production in that particular industry.
That’s why most countries are what we call “mixed economies”, that mix elements of capitalism and socialism.
Norway mixes in a higher ratio of socialism to capitalism than most countries. But they don’t export any more of capitalism’s issues to the third world than other countries. It’s something to emulate, not discredit.
That’s why most countries are what we call “mixed economies”, that mix elements of capitalism and socialism.
No. They are capitalist.
Social programs are not Socialism. Every economy is a mix of private and public property, that doesn’t make it mixed Capitalism and Socialism. Capitalism and Socialism are descriptors for economies at large, as you cannot remove entities from the context they are in. A worker cooperative is not a “socialist” part of a Capitalist economy, because it exists in the broader Capitalist machine and must use its tools.
What determines if a system is Capitalist or Socialist is if private property or public property is the primary aspect of a society, and which class has control. In Norway, Private Property is dominant, so Social Programs are used to support that.
Whenever people say this they neglect to point out that all the money came from selling oil.
Norway funds its safety nets off of super-exploitation of the Global South, ie Imperialism. It is firmly Capitalist and in no way Socialist, private property is the primary driving aspect of Norway’s economy, the higher standard of living comes from acting as a Landlord in country form.
