>Americans love capitalism because it is the best system known to distribute resources.
Well, as far as "distributing resources" goes, Swiss or Nordic capitalism (which Americans would call "socialism") is far better.
Well, as far as "distributing resources" goes, Swiss or Nordic capitalism (which Americans would call "socialism") is far better.
Their citizenry doesn't have large swaths living like third world workers / peasants at the mercy of their corporate overlords and sudden illness and such, and that's enough for me.
Norway's approach seems to be a very smart way to handle the oil wealth and atypical of most outcomes. See the phrase "resource curse," natural resource riches like oil typically hurt the economic growth of the nations that should be benefiting from it.