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Re:The puzzle of Europe by deepstack on Monday March 08, 2021 @04:37AM (#26383788)
right on the money. One index that is far from perfect that give an alternative view is https://happyplanetindex.org

I'm not saying it is more accurate than the GDP measure, it just offer a different view.

Re:The puzzle of Europe by nly on Monday March 08, 2021 @04:42AM (#26383829)
Norway seems to fair well on both metrics.
Re:The puzzle of Europe by ath92 on Monday March 08, 2021 @04:44AM (#26383845)
It's the combination of being a Nordic social democratic + having large oil reserves.
Re:The puzzle of Europe by jacquesm on Monday March 08, 2021 @05:09AM (#26384068)
And more importantly: not spending the money from that oil wealth in a stupid way but setting it up to generate future revenue streams that benefit everybody. As opposed to other countries which squandered their riches on short term stuff.
Re:The puzzle of Europe by antwerpz on Monday March 08, 2021 @05:43AM (#26384301)
To be fair, there is not really any other country to compare them to on this. No country which was already rich, stable, democratic and well-educated has ever received such a large resources windfall as Norway did from North Sea Oil.
Re:The puzzle of Europe by jacquesm on Monday March 08, 2021 @06:31AM (#26384603)
NL, UK.
Re:The puzzle of Europe by antwerpz on Monday March 08, 2021 @06:34AM (#26384629)
NL has a far, far smaller share of North Sea Oil than Norway (and 3 times the population)

The UK has a similar share (actually slightly smaller) with over 10 times the population.

Re:The puzzle of Europe by jacquesm on Monday March 08, 2021 @08:26AM (#26385436)
All the more reason to use that windfall responsibly and to preserve the proceeds. NL in particular was extremely wasteful, especially with their natural gas resources which were sold for a ridiculously low amount to foreign customers, and which they now re-import at much inflated prices.
Re:The puzzle of Europe by antwerpz on Monday March 08, 2021 @08:47AM (#26385624)
You seem to be making a political point about the Netherlands which is completely separate from the fact which I presented, and which you incorrectly contradicted.
Re:The puzzle of Europe by jacquesm on Monday March 08, 2021 @09:17AM (#26385981)
Haha. Good luck with that attitude here.
Re:The puzzle of Europe by kwhitefoot on Monday March 08, 2021 @04:55AM (#26383936)
Sweden is doing pretty well too. No oil there.
Re:The puzzle of Europe by jacquesm on Monday March 08, 2021 @05:11AM (#26384076)
Sweden is a pretty impressive industrial exporter.