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William Dykeman
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  • Location: Cleveland, Ohio
  • Joined: January 2013

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Electoral college under attack by Democrats but Trump likes it now: your view?

what about evidence ? b i t ch The State Owns 76% of Norway’s Non-Home Wealth

he socialist umbrella contains within it diverse viewpoints about what socialism is, what its core elements are, and how to achieve it. Some emphasize firm-level worker ownership (i.e. cooperatives), others industry-level worker ownership (i.e. syndicalists), and still others society-wide ownership (i.e. social wealth fund advocates). Some think wages and salaries are problematic (e.g. mutualists), others think product prices are problematic (i.e decommodifiers), and still others think both are problematic and that society should be organized into small units that consume what they produce directly (e.g. in a Fourier commune).

The one thing almost all strands have in common is the idea that collective ownership of capital within a relevant economic unit is a key socialist principle. So to the extent that a country is a relevant economic unit and Norwegians own 76% of their non-home wealth collectively through a democratically-elected state, it would be fair, I think, to describe it as the most socialist country in the developed world.

But regardless of what label you apply to it, Norway at minimum proves that it is possible to mix high levels of state ownership with a high degree of prosperity. And no, this is not just about its oil: high levels of state ownership prevailed even before the oil fund began in 1996.

As noted last week, I think Singapore also proves this point. In Singapore, the state owns 90 percent of the land and over 80 percent of the homes while posting high levels of income and growth. In Norway, the state owns 76 percent of the non-home wealth while also remaining very productive. Now imagine if you combined them.