How Norway Became So Ridiculously Rich - TEACHER PAUL REACTS

[@ankra12]

I am so happy to be a Norwegian. We are very proud of our country.

[@kahinaloren]

Norwegians have fallen and have broken the oath of 1814. Our leaders are criminals and people that support them are sheep. I weep for Norway. Norge mitt Norge, dere har foråtdt oss. Jeg ser på nordmenn som fiender nå.

[@stighenningjohansen]

I'm not proud of anything, but Norway is a great place to be, it is. I like the system, and there is much more to the economy than oil, all things ship related, microchips, sensors, software, weapons, fish, timber, lot of things

[@TomKirkemo-l5c]

True, it's always the oil and gas. But there is so much more. And Norway wasn't poor before 1969. Hell, I was born 1971. In rural areas it was fine in the 1920 and trough WW2. My grandparents talked about it sometimes.

[@nordicnostalgia8106]

I don’t know why the video keeps calling Norway uneducated. Norway was one of the most educated nations in the 1800’s. Even fishermen could read

[@sanderbot66]

Im Norwegian and yes, I think our country is the best, looking at the ratings and the HDI etc.

[@andreasandremyrvold]

That is how social-democracies work. It is not only Norway, but all over the Nordic countries at HDI top spots. Free healthcare and education, best living standards in the world. USA 22nd at HDI.

[@lpdude2005]

It is not social democracy. At the time, those parties actually went towards everyone getting benefits in the country. They wanted only members of LO (trade union) to have the benefits. It is the bourgeois parties that actually introduced most of the benefits you have today. There is actually not a single party in Norway that wants to remove any of the advantages we have in Norway - or social security - because it is profitable for the national economy.

[@andreasandremyrvold]

@@lpdude2005 Political change will seldom manifest inside current political voted leadership. But any positive or negative effects will always be used in any political populism. If you vote blue (conservative) you vote for rich get richer and fast forward climate crisis. If you vote red you protect nature and fight world-ending capitalism.

[@jeschinstad]

@@lpdude2005: What you're saying is utter and complete foolishness.

[@lpdude2005]

@@jeschinstad What LO did at that time is clearly stated in your own description of history and is seen as one of the stupidest things they had ever proposed - something they also write. But one truth is enough - even if you obviously don't relate to exactly that.

[@lpdude2005]

@@andreasandremyrvold Unbelievable that you can write something so stupid. What characterizes the reds? Yes - schooling without any significant grades in logical subjects - such as mathematics, physics or biology. Everyone wants a good environment - but not everyone agrees with the Reds' theories that it is indisputable to believe in something that is decidedly not logically logical. You are allowed to be skeptical and not accept everything you are told - but still we all have the same goals. What is perhaps the biggest difference is that the blue will use the money where you get the most for it - while the red will use the money where it has already been cleaned up over the last 30-40 years and what is left will cost enormously. It is because climate is global - there is not a fence up in the clouds around Scandinavia, Europe or North America

[@jeschinstad]

Is Norway "ridiculously" rich? Well, Norway has 2.5x more in savings than USA has debt, obviously per capita. And that has mostly been done since 2002. I don't know if it's ridiculous, but it is sort of mind boggling.

[@torgrimhanssen5100]

that is terrifying when you consider population scale 1:70

[@jeschinstad]

@@torgrimhanssen5100: Well, it's not terrifying. Norway is completely transparent and everyone can see how we vote and such. It is awe inspiring though. It's a very big responsibility. Right now, the GPFG is 1598,8 billion USD. It was just a few months ago that we hit 1500.

[@torgrimhanssen5100]

@@jeschinstad I was pointing to US dept though xD

[@thepirate6211]

Corruption is probably a key word, when it comes to distribute a countrys wealth! Also how the polititians choose to use the wealth, look at the Dutch ( herby the saying " Duthc Disiease"), not very corupt but they did not use their wealth, gas findings, well. The British, under Thatcher, she ruind it for the Britt's to!

[@truxton1000]

Thatcher SAVED the UK economy as Labour had driven it to the ground with their insane spending. In the case of Norway the left will in the end waste ALL the money saved up in the oil and gas fund, I predict that by 2040 ALL will be gone and they will have to cut hugely on social benefits which will make lots and lots of people extremely miserable.

[@palmarolavlklingholm9684]

Norway Never were as poor as described in this video. In the old times, Norway's timber industry was amongst the biggest in europe. Later on Norway earned a lot of money on electric power from dams. and the fisheries also earned Norway a lot of money. And then finally the oil and gas happened.

[@lassebrynildsen7814]

Yeah, social systems sucks huh? Free schools, free healthcare and such. Btw, Us citizens pay more for education and medical care than we do in taxes.. Just sayi`n...

[@oh515]

I do understand it became more spectacular when saying Norway was a poor, undeveloped and uneducated country, but that’s not true. Norway has always been pretty big in shipping, fishing, mining and export of wood. It was early in developing train rails and electricity. Even production of electric power etc. The roads has been a different chapter, but if you take a look at the geography and topography compared with the demographics, the chapter explains itself. BTW. The sea and fjords has been road number one until few decades ago.

[@S.F.E]

It is not Just the monney, but how you spend it.

[@gautearefjord]

No, Norwegian's does not think they are the best.. But we are good with managing our oil money..

[@michaelhansen5353]

Norways population is only 5,457 milions

[@adm7998]

In the last 150 years, (before the oil) Norway was in the top 5-8 in gdp

[@ShadowTani]

Not quite true, I believe that number is based on the combined GDP with Sweden. Norway's economy got quite squeezed in the early 1800's after Sweden claimed Norway; Sweden was hurting financially after the war and Norway became a convenient sacrificial lamb to prevent unrest at home. The economic consequences for this is why so many Norwegians ended up leaving for America during that century. Norway slowly recovered from the initial squeeze throughout the 1800s, but the full economic turnover didn't really happen until our independence.

[@adm7998]

@@ShadowTani oh but it is

[@truxton1000]

@@ShadowTani I saw a statistics about GDP per person from the 1920’s, Norway was in top ten in the world in those times, so FAR from poor.

[@truxton1000]

@@ShadowTani And Norwegians emigrations to USA was high but the economy shot up after the Industrial Revolution reached Norway after 1850. The Industrial Revolution freed up many people from farming and that’s why they left for USA. On a typical Norwegian farm in those days only one person, the oldest son, could inherite and run the farm, the other children which was usually many would often leave for USA. Whe standard of living increased and less babies died before the age of 1 the population increased a lot and without good prospects of work the option to leave for USA with promise of free land was a no brainer. Still the average standard of living increased dramatically for the average Norwegian.

[@ShadowTani]

@@truxton1000 Please read what I said, "the full economic turnover happened after our independence" and 1920 was after the independence (e.g. 1905), I'm talking about the 1800's when poverty and unemployment was severe, thus many were forced to emigrate to the US at a higher rate than the average (most of Europe experienced the Industrial Revolution as well, but didn't have the same emigration rates, thus that alone wouldn't explain the numbers). Sweden using Norway as a cushion for their economy after the Napoleon war is a matter of fact, which is why in the early 1800's, immediately after being given as a war prize to Sweden, Norway experienced an economic depression. If you've read what I said then I clearly stated that the economy did recover somewhat throughout the 1800's which matches your point about the 1850's, but the standard of living overall didn't really stabilize back to pre-Sweden standards before closer to the 1870's.

[@almost_harmless]

"The best" is such a weird concept. A matter of taste, surely, but also dependant on what you mean by best, and best in what. Norway is quite good, yes, and possibly better than a lot of other places. It doesn't mean there aren't things that could be better. I am not fond of the absolutes some of these videos deal with. "Norway is plagued with darkness all through winter and daylight all day and night in the summers" for example. This depends a whole lot on where in Norway you live. It's like landing in Florida and claiming all of the US is humid and warm. As for the quarter millionaires. He forgot to mention that for that to happen, the global pension fund needs to be paid out, and this will not happen. The fund is for the future when resources run dry.

[@nordicnostalgia8106]

Being a quarter millionaire isn’t hard if you use the Norwegian currency. You would need around 35.000$ for that

[@jeschinstad]

It's USD. Right now, it's 2,73 million NOKs, to be precise. The fund is on the verge of becoming self-sustaining, meaning it is growing faster than we can spend. This means that we are no longer financially dependent on oil and gas as long as the financial markets are good.

[@truxton1000]

Norway is rich on paper, or at least the Norwegian state is. But the people? Well not really nothing like the state. Taxes are rather high, not so much on salary but on things you buy, as VAT is 25% and tax on certain everyday products like alcohol, cigarettes and normal combustion cars are sky high. Plus taxes on for example re-registering a car is insanely high, things that are normally actually free in most countries. Also fees for public services are insane, tax on electricity, petrol, gas etc, also applying for building permits, estate agent services etc. The Norwegian state will guaranteed vaste all the money saved up from the oil and gas business on insane green politics and foreign aid, plus the budget for social services is insane. NAV, the body that pay out these benefits and pensions has a budget of 5-600 billion kroner, the money is paid out to around 2.8 million citizens, which amounts to around NOK 200.000 for each of these 2.8 million people, the rest of the population, around 2.5 million people is heavily taxed to be able to carry the burden of paying out all this money. Also Norway has accepted a lot of immigrants from third world countries, these people have of course a hard time to integrate and contribute socially and economically nearly as much as people that has lived there for countless generations. So this will put a drag on the country and economy for a long long time. So to sum it up, Norway has (had?) a golden opportunity to create a fantastic country but it was wasted by the left and the woke. Only ONE political party in Norway would be regarded as centre or slightly right of all the Norwegian political parties; FRP, all the others are either hard left or extreme left. And there lies the real reason for the problems.

[@jeschinstad]

Norway has high taxes because the income is so high at around 80-90% higher than USA. USA would also have much higher average tax levels if their people made more money, because they also have a progressive tax system, which you cannot be expected to know because of your stupidity, as demonstrated in your manifest.

[@jonhroarulstad5775]

The problem with the Norwegian system is that it benefits all. Norway is full of self made men. They hate the tax but don’t realize that the Nordic model is tilting the playing field for them to succeed. There is very little risk to them personally if they were to fail in whatever business they start up. When these people gets rich enough they gets a boosted self confidence and try to influence politics. In a way they try to pull up the ladder, without knowing it. In a way a good system produces stupid people that attacks the hand that feeds them. The only safeguard for this is higher education, which luckily is free.

[@truxton1000]

It’s true what you say. The Norwegian system will in the end eat itself alive, the NAV budget is enormous and continue to grow. I think the budget is well over 500 billion just for NAV, paying out to 2.8 million of the people, the rest, around 2.5 million is squeezed a lot in fees and taxes. So what will happen is that NAV will get so big that it will strangle the whole country. A slow strangle that will not be noticed until it’s too late. Well it’s noticed, but the extreme left politicians choose to ignore it. There is only one political party that can be considered centre in Norway judged on traditional political values and that is FRP.

[@miminmintarsih9624]

👌👍👍👍👍

[@Mosern1977]

Current government in Norway is a shit-show, but they will be replaced in 2 years. In theory the fund should continue to grow due to compound interest kicking in hard. I wouldn't be surprised if in a few decades, Norway will reduce taxes to lure companies to Norway, unlike what the current government is doing (pushing them away).

[@wibekesvendsen]

🤣🤣🤣

[@poskeegget8043]

It really isn't though. It doesn't contain those that equate other politicians with terrorism, for example. Nothing is perfect, and a lot of what the norwegian government does is disagreeable. . . but anyone thinking that another government, with another party(s) in power would do things differently is quite naive.

[@monicabredenbekkskaar1612]

The state is saving money for future. I am not rich even if I take care of a child handed over to me by the state. I hardly get by... so no, Norway is not rich, its redicules poor...

[@lpdude2005]

Stupidly written. Why do you write like that ?. The fact that you have little control over your own finances is not the same as the fact that Norway is poor.

[@adm7998]

I think your situation would be 10x worse had you been born in another country. You should count yourself lucky to have been born in Norway in my opinion

[@truxton1000]

The state is saving the money for the future? Well no, they save it so they can waste it on insane green politics and the rest they will just give to the so called poor countries.

[@johnmcmullan9741]

Norway is one of the poorest countries in the world. It's officially the least self-sufficient nation. Artificial wealth from fossil fuels has failed to change the problem that's plagued Norway forever. They'd rather get into world-beating levels of debt to drive a Tesla than work on an alternative to oil & gas and have failed miserably to invest in sustainable food systems. It ends badly for Norway. 😱

[@truxton1000]

Well you are correct it will end bad for Norway as it’s controlled by rather extreme left politics. But Norway is of course not “poor” now, and has not really been poor relatively speaking for probably over 2000 years as compared to other countries Norway has been well off in terms of economical output per capita. But I’m 100% sure all this wealth will be wasted rather soon, on insane green politics and insane waste on costly social benefits.

[@johnmcmullan9741]

​​​@@truxton1000That's simply not true, Norway's unfortunate geography and miserable climate on the periphery have always prescribed poverty for most Norwegians. Except a minority of vikings, of course. It always had a crude extractivist economy, primarily low-value forestry traded for grain, etc., and disproportionately exploited by a corrupt Hansa elite who expressed the business ethics of vikings. The dire lack of social progress has been well documented as far back as the Greeks and Romans, who both surveyed Norway and concluded the Norse were barbarians of no use, up to its independence in 1906. In the 18th century, Malthus documented great inequity and poverty whilst on his field trips to Norway. Victorian tourists described Norway as completely lacking any organised culture and suggested that if the Norwegians disappeared overnight, no one would ever know they had ever existed. Abject poverty and lack of social development punctuated by a lack of food security and great inequity over 1000 years. There is no credible documented history demonstrating otherwise. The Norwegian struggle to exist competing against nature is well documented in Norway's art history too. And its cuisine. The neo-vikings and Hansa elites - their pathological greed and heroin dealer-like ethics - profiteered grossly from timber and fish exports and shipping at the expense of the rest of Norway. They never invested anything in Norway. Hence Norway's socially impoverished history. And little has changed, in reality. A petrostate accumulating artificial wealth in an oil fund at the expense of its people is pathological greed, not genuine investment in people and their future. It's classic Hansa sleight-of-hand trickery on a national scale pulling off one of the biggest acts of con artistry in European history. That artificial wealth easily evaporates into thin air with an increasingly likely international crisis unfolding. Financial, environmental, war, etc. And it leaves Norway with less than what it had in the late 1970s, after several decades investing in itself; in Norway's onshore economy. Once oil turned handsome profits, the Norway government - and successive governments - stopped investing in Norway. They're less capable of feeding the population today than they were historically; now with even less arable land, a much bigger population and still a dire lack of investment. That's not progress. It's abject failure.

[@truxton1000]

@@johnmcmullan9741 What you claim is contradicted by statistical evidence. I saw a statistical overview from the 1920’s that showed Norway in the top ten richest countries in the world already then, by richest meaning of course GDP per capita, which is the best way to show how rich a country is. So all that writing you did was hard work for nothing. Norwegians did not have a feudal society like most in Europe but mostly independent farmers that of course were much richer and happier than then French, British of German farmers that were living under the heel. This of course reflect the modern society of Norway, a people that want independence from the tyrannical EU. Well at least they try…

[@truxton1000]

@@johnmcmullan9741 But yes, I agree its dismal that Norway does not invest in its own country, it will lead to its downfall.

[@truxton1000]

@@johnmcmullan9741 I think you totally underestimate that Norway started schooling of “normal people” far earlier than other great nations in Europe. Norwegians were literate at a much higher level than for example UK. Many Norwegians excelled in maths, science etc, you just haven’t read about it, so you are ignorant and write about a subject you know very little about.

[@philip4588]

Not the best, we have so much bad things, not enough workers in public sector. Not enough workers in health, Police have not much trust from the people, the politician are taxing us to death, people and companys. Companys are fleeing over to Switzerland. Just a begning of the end if this continues.

[@wibekesvendsen]

🤣🤣🤣

[@SteinarMortensen]

Wow, that was a half empty glass... while the truth is the oposite. It's all a balancing game, you only have so much to spend. And the current ruling parties are not doing a great job at the moment, scaring away capital, but still doing pretty good compared to the rest of the world.

[@philip4588]

@@wibekesvendsen Hva er problemet? Lite og gjøre i Tromsø?

[@wibekesvendsen]

@@philip4588 🤣🤣🤣

[@ProfessionalKafir]

å*@@philip4588