this post was submitted on 27 Jun 2026
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Norway is a stupid example. Sweden, Denmark, Finland and Iceland easily have the same level of welfare or arguably better than Norway in many regards. The key is to make public investments into the country's resources (be it farmland, forestry, mines, electricity) and build infrastructure and institutions that benefit the people.
By investing directly, you are doing the thinking instead of deferring judgement to bankers and the "invisible hand" that's really just a bunch of rich dudes with their own incentives that don't align with yours. You cut out billionaire middlemen and money doesn't have to "trickle down", and you can steer the behavior of your industries and universities toward causes that take your country's needs over time into account.
That's how good investors think about their business empires - why should countries choose to not strategize at all and just let nature do its thing?
We're currently suffering from the nazis-in-government disease. Of course social services are still better than in, say, the US, but we had a decisive downwards trend in the past 2 years. Plus scandals. TBH I don't think they'll get re-elected.
And I'm sure many Swedes and Danes would have something similar to say about their own government. Maybe even Norwegians? Idk. My point, "socialist" Nordic countries are not immune from the scurge.
Absolutely. I can only speak for Sweden but we have massive problems.