Social democracy != socialism.
Social democracy != socialism.
Norway stepped in much more quickly, even though the risk was much less compared to the US (Norway had already placed stricter controls on banks due to the crisis they had in the late 80's and early 90's). While the Fed did step in in the US, they were more concerned with pumping in money rather than trying to fix the underlying cause of the trouble - because, after all, telling the banks what to do would be "socialism", which is why there is still so much uncertainty in the US right now.
Obviously not everything in Norway is perfect, but taking everything into account - the 3.1% unemployment rate just one example - I certainly have no desire to move back to the US anytime soon.
Norway is a social democracy. At any point the government could be voted out and replaced with one that changes all the laws. It's not a socialist country.
I'm happy to be given an example of a socialist country in which you're free to leave and own private property.
http://en.wikipedia.org/wiki/List_of_socialist_countries
The joke here is that China and Vietnam are anything but socialist nowadays. China even has a property bubble, which must be turning old Mao around in his grave. But look down the list and you'll see a real who's who of totalitarian and authoritarian regimes. And not many startup hotbeds.
Socialism != Social Democracy != Socialist Country
It's a matter of semantics but so many things are. I do not conflate socialism and social democracy. One is an 'ism' - the other a description of a type of government. Any government can have elements of socialism, but socialist governments, to me (and others) are ones that are self described as socialist countries. Norway has a currently elected parliament that has a majority of members who identify with socialism, but that does not make it a socialist country. It's not about post-Reaganism or whatever. USSR stood for United Soviet Socialist Republics. That was a socialist country. If a pile of Norwegians want to define their country as Socialist, let them do so.
Communism = everyone everythings (owns, decides, does). Socialism = everyone decides and does, but does not own.