Saturday, December 31, 2016

Capitalism in Norway

Quite different than in the US. Even though Norway's conservative party now holds a majority they don't want to disrupt the welfare state. That's partly because for them welfare is more like it says in the Preamble of the US Constitution, "to promote the general welfare." An excerpt from this article below (and see it for much more):

"So here’s the big difference: in Norway, capitalism serves the people. The government, elected by the people, sees to that. All eight of the parties that won parliamentary seats in the last national election, including the conservative H√łyre party now leading the government, are committed to maintaining the welfare state. In the US, however, neoliberal politics put the foxes in charge of the henhouse, and capitalists have used the wealth generated by their enterprises (as well as financial and political manipulations) to capture the state and pluck the chickens. They’ve done a masterful job of chewing up organized labor. Today, only 11 percent of American workers belong to a union. In Norway, that number is 52 percent; in Denmark, 67 percent; in Sweden, 70 percent."

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