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View Diary: Why Does Democratic Socialism Scare Ignorant People So? (22 comments)

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  •  North Sea Oil (0+ / 0-)

    That helps create prosperity in Norway, too.

    •  of course it helps (1+ / 0-)
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      mike101

      But having oil does not guarantee it will be used to benefit the entire country, see Saudi Arabia. This response is frequent and I think misses the point. US has all kinds of natural resources. Canada. Mexico. South Africa. Many nations have fortunate resource endowments. Few use what they have wisely. None have used theirs as wisely as Norway (e.g. fantastic HDI, GINI numbers, best place for women and children in the world, enormous sovereign investment fund).

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