Norway is successful because of the oil and gas resources here. This makes the e... | Hacker News

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roschdal on Jan 30, 2011 | parent | context | favorite | on: In Norway, Start-ups Say Ja to Socialism

Norway is successful because of the oil and gas resources here. This makes the economy boom, and is why the welfare state and social democracy works so well. I still think the US has a far more competitive start-up environment. I'm from Norway, by the way.

Norse on Jan 30, 2011 [–]

Norway saves the oil income in an oil fund. The rest of Scandinavia gets the same results with no oil.

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