Ii is a capitalist country but it is dominated by state-owned enterprises; it is an oil giant but it eschews conspicuous consumption. For decades this unusual economic model has served Norway well: in 1970 it was in Europe’s middle ranks as measured by income per head. Nowadays, Norwegians are richer than everyone in Europe except the Luxembourgers. However, the model is beginning to run out of fuel.
Says economist.com in this article, does it prove the above mentioned article right?
via reddit http://j.mp/1JZyo1k
