What will it take to make America great again? Norway is rated as the best democracy in the world. It is also one of the two happiest countries in the world. But there is much more. Norway has more than a trillion dollars in a pension fund and no national debt, while the U.S. has the greatest dollar national debt in the world—and it has borrowed much of the money from the federal pension funds, like Social Security. Should the U.S. take a look at a fabulously successful and happy country while it stumbles towards greatness?
Dr. O’Connor, a native Californian, and a 40 year Republican, has lived in Norway for 25 years. Norway, seen in America as a socialist country. Few Americans understand the combination capitalist, socialist, and welfare state. It has more dollar-billionaires per million citizens than does the capitalist USA. Their average income is higher. All these financial blessings while:
- Consistently being one of the happiest two countries in the world (the U.S. is 18th).
- Having the 11th best health care system in the world (the U.S. is ranked 38th—the worst of any developed country).
- Having free college education.
- Having no national debt, in fact it has over a trillion dollars in its investment fund (about $200,000 per citizen), while the U.S. owes about $22 trillion (about $70,000 per citizen or $180,000 per taxpayer).
It does this by owning most of the oil under its soil and parts of other businesses. America, in contrast, allows some people own the oil under private and state-owned lands.
Which is preferable?