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by fsckboy
968 days ago
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Norway has a ton of publicly owned oil, on an industrial scale. You aren't establishing that that isn't the explanation for all of it. When Europeans come to the US, they largely behave like Americans, they fit right in. What Europeans need to stop doing is telling themselves that they're different. |
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When the oil runs out or demand for oil disappears, Norway won't plummet into poverty unlike a lot of other oil rich countries. The oil certainly made them rich initially, but their reluctance to spend money derived from oil will keep them rich.