20% of Norway's GDP comes from oil pumped out of the ground and flows to the gov... | Hacker News

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WalterBright on April 30, 2020 | parent | context | favorite | on: Colleges at the breaking point, forcing ‘hard choi...

20% of Norway's GDP comes from oil pumped out of the ground and flows to the government. It's enough to cover the deficits of socialism. The others keep enough of a free market to keep things afloat, but are not known for being economic powerhouses. None have tried communal food production yet, for good reason.

gvjddbnvdrbv on May 2, 2020 [–]

Denmark and Sweden and Finland have the same systems without oil.

And yes these countries do use the market in a regulated fashion where it does a good job.

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