Is Norway a victim of socialism

Why the richest country in the world has a left-wing socialist finance minister

Alexander Dill

What is the economy anyway? Part 1

The feeling of being ripped off occurs every day in business life. That is natural: if you are constantly striving for the greatest possible personal advantage, disappointment is inevitable.

Avarice is at best cool as long as one does not become the victim of excesses of avarice. As a commuter in major German cities. As a student in overcrowded and piss-smelling child storage facilities. As an inhabitant of loveless concrete deserts with zero social capital. As a customer in the joyless service desert of the customer advisors employed at dumping wages. As every first foreclosed employee in the constant hott of the strategy change of men, who incessantly spread the restlessness of the restructuring.

And if we are actually in constant competition as competitors, then we will not emerge as winners, but mostly as losers. In the long run, competition and business are tiring.

The scarce goods are becoming scarce in Norway

Economy, it has been taught for generations, is the struggle for scarce goods. In a peaceful affluent society, however, there is such a shortage that scarcity - and with it hardship and the struggle for survival - is no longer a justification of rat race the markets can serve.

There are some European countries that therefore differ from the religion of lack - and thus from the warlike roots of the economy as survival of the fittest have passed. We learn little from these countries. The richest country in Europe, arguably the world, has long been Norway. The country stands for shipowners worth billions, for oil wealth and fishing, for endless nature and salmon farming without antibiotics, polar night and Hurtigruten.

There is a Norwegian idiom that aptly expresses the Norwegian way of life: nå er vi hyggelig together. Now we're fine together.

The country is debt-free and is investing its wealth in a sovereign wealth fund. To hear German economists and their sermons for privatization, low taxes and wages, one should be concerned about Norway. Nowhere in the world are wages and taxes higher and state property greater. You can afford 18 ministers, for example for religion and for state administration and innovation.

Norway was not interested in the euro and is confidently defending its exotic currency. The Norwegian krone has hardly changed against the euro since 2001 and is always between 7 and 8 kroner for one euro. Kristin Halvorsen (2005-2009) was the landlady of the finances of this capitalist merchant state for 5 years. She is chairman of a party that is translated into German as the Socialist Left Party. For German conditions, where taxes for the wealthy are considered a punishment for service providers, that would be unthinkable.

2 trillion euros loss through subsidies - 380 billion euros profit with state dough

The Christian Democratic Minister of Finance Dr. With the support of the Chancellor and his liberal cabinet colleagues, Wolfgang Schäuble has managed to increase German national debt by an unimaginable 310 billion euros in just one year. A good market economist.

His left-wing socialist Norwegian colleague, on the other hand, built up unimaginable reserves of 380 billion euros in the middle of the financial crisis. No wonder: it does not have to finance bank aid or tax breaks worth billions, nor does it - like Germany - have to ensure that wealthy civil servants and the self-employed do not have to pay into the statutory pension insurance with 45 billion euros a year.

Nor does its industry have to subsidize Norway, which is administered by left-wing socialists. The income of the Norwegian people does not come from privatization proceeds, but from the returns on well-managed state property. The goal of the government program is to "preserve strong public and nationalized property in order to achieve important political goals and bring profit and income to the communities".

In Germany, the market economy consists largely of protecting profits as sacred private property, while socializing losses as the taxpayers' responsibility. A taxation of assets, wrote Germany's clever public finance manager recently in view of the dramatic national debt, is not possible in Germany, because: "Many assets can be held abroad without any problems."

On the website of the Socialist Venstreparti, the party explains its position with a quote from an Augsburg poet:

Change the world, it needs it, is Berthold Brecht's appeal. The SV works for a fundamental change in society.

However, this is an exaggeration. The cooperative Norwegian society does not need change, but rather the bankrupt states surrounding Norway.

In his series What is Economy? Alexander Dill from the Basel Institute of Commons and Economics is looking for a contemporary definition of the economy after the financial crisis and nuclear disaster.

(Alexander Dill)

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