Thriving Norway Provides an Economics Lesson

News Type: Event — Seeded on Thu May 14, 2009 4:36 PM EDT

Article Source: The New York Times

world-news, finance, bank, crisis, norway, regulation, oslo, economic-output

When capitalism seemed on the verge of collapse last fall, Kristin Halvorsen, Norway's Socialist finance minister and a longtime free market skeptic, did more than crow.

The global financial crisis has brought low the economies of just about every country on earth. But not Norway.

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2.1

{"commentId":7082209,"authorDomain":"nigeriawhatisnew"}

Beauty

The government enjoys a budget surplus of 11 percent and its ledger is entirely free of debt.

Unlike Dublin or Riyadh, Saudi Arabia, where work has stopped on half-built skyscrapers and stilled cranes dot the skylines, Oslo retains a feeling of modesty reminiscent of a fishing village rather than a Western capital, with the recently opened $800 million Opera House one of the few signs of opulence.

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#1 - Thu May 14, 2009 4:38 PM EDT

{"commentId":7083305,"authorDomain":"lazaruslong"}

Lazarus Long

The only thing we can learn from Norway is that it's nice to have a huge oilfield right off your coast with only a tiny population to divide the proceeds among.

{"commentId":7083305,"threadId":"578764","contentId":"2818106","authorDomain":"lazaruslong"}

2 votes

#2 - Thu May 14, 2009 5:23 PM EDT

{"commentId":7090535,"authorDomain":"nigeriawhatisnew"}

Beauty

The only thing we can learn from Norway

"Norway is, by any standards, one of the most beautiful countries on earth, but that beauty brings with it a responsibility that weighs heavily upon Norwegians." Perharps a beginning of the education is to learn that there is plenty to learn from a country ranked as the best country to live in since 2000.

{"commentId":7090535,"threadId":"578764","contentId":"2818106","authorDomain":"nigeriawhatisnew"}

1 vote

#2.1 - Fri May 15, 2009 3:01 AM EDT

{"commentId":7083578,"authorDomain":"rootboyslim"}

Root Boy Slim

Would that be to have a lot of oil and to whale and fish to your heart's content?

{"commentId":7083578,"threadId":"578764","contentId":"2818106","authorDomain":"rootboyslim"}

2 votes

#3 - Thu May 14, 2009 5:34 PM EDT

{"commentId":7090556,"authorDomain":"nigeriawhatisnew"}

Beauty

The Norwegian Minister of International Development, Erik Solheim, is proud of Norway’s position at the top of the list, but said to the Norwegian daily newspaper Verdens Gang that: “We must be humble about how lucky we have been. And we must remember that those who have most also have most responsibility.”

You may have it all but with George W. Bush & Dick Cheney at the helm, what will you get?

{"commentId":7090556,"threadId":"578764","contentId":"2818106","authorDomain":"nigeriawhatisnew"}

2 votes

#3.1 - Fri May 15, 2009 3:06 AM EDT

{"commentId":7086700,"authorDomain":"kimmy123"}

kiml

Jealousy will get you nowhere.

{"commentId":7086700,"threadId":"578764","contentId":"2818106","authorDomain":"kimmy123"}

1 vote

#4 - Thu May 14, 2009 8:32 PM EDT

{"commentId":7087464,"authorDomain":"sanescience"}

Sanescience

The term Capitalism with out the baggage of culture disputes only refers to private ownership of the means to produce wealth. Typically meaning land is privately owned, and labor belongs to the provider, in a system without force or fruad.

In all of history, no system of government has shown greater success than capitalism for lifting people out of grinding poverty or bringing opportunity and freedoms to people than economic systems with some form of capitalism at it's heart.

Yes sometimes capitolism can fall victim to corruption or sociopathic individuals of great power, but has shown a greater propensity to heal itself in a timely manner than any other economic system when combined with a functioning benevolant government.

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1 vote

#5 - Thu May 14, 2009 9:30 PM EDT

{"commentId":7090578,"authorDomain":"nigeriawhatisnew"}

Beauty

“My favorite word is grace – whether it’s amazing grace, saving grace, grace under fire, Grace Kelly. How we live contributes to beauty – whether it’s how we treat other people or the environment.”

Celeste Cooper

{"commentId":7090578,"threadId":"578764","contentId":"2818106","authorDomain":"nigeriawhatisnew"}

1 vote

#5.1 - Fri May 15, 2009 3:12 AM EDT

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BEAUTY

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Thriving Norway Provides an Economics Lesson

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