Thriving Norway provides an Economics Lesson

Re:Thriving Norway provides an Economics Lesson by Tichy on Thursday May 14, 2009 @12:56PM (#609140)

"Oslo retains a feeling of modesty reminiscent of a fishing village rather than a Western capital, with the recently opened $800 million Opera House one of the few signs of opulence."

What a bullshit article. Sorry...

Lessons learned: it's good to have a lot of oil.

Did they invest so wisely? Maybe, maybe not - even if they did, who says they were not just the lucky ones that are bound to exist (just as with fund managers)?

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Re:Thriving Norway provides an Economics Lesson by henriklied on Thursday May 14, 2009 @04:22PM (#609523)

I agree – Oslo, a fishing village? Please.

Technology wise, Norway is way up on the list. Most of us have 20mbit ++ directly into the wall, a diverse open source environment, a subsidized media channel which delivers lots of their TV shows via BitTorrent in 1080p/720p, etc.

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Re:Thriving Norway provides an Economics Lesson by dpapathanasiou on Thursday May 14, 2009 @01:21PM (#609182)

Did they invest so wisely?

Here's one case (and I'm sure there are others) which is a resounding no: http://www.nytimes.com/2007/12/02/world/europe/02norway.html

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Re:Thriving Norway provides an Economics Lesson by Xichekolas on Thursday May 14, 2009 @02:23PM (#609301)

Well that's not quite the same, since that story is about municipalities investing poorly. Hopefully Norway's sovereign wealth fund didn't do likewise.

(as an aside: I've been to Narvik, in the summer, and the scenery is absolutely stunning. The 2am sunshine is also amusing to behold.)

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