This is by far the best video I've seen on this subject. I think the only correction I have is that Norway was not _initially_ part of Denmark. We lost the majority of our population to the Black Death following 1349 and then we lost our freedom in 1397, which lasted until 1905. If any country has ever attoned for its sins, I think it must be Norway. :)
Norwegian families have a living standard similar of that of neighbouring countries with a much lower GDP per capita. So far the nation has saved a lot of money for the future, but many want to spend more now and improve the quality of public services. I think that we need to increase the purchase power of those with the lowest incomes and those that receive salaries that are not competitive. 6:16
Norway's parliament and budding democracy started in 1814 when Denmark, having been on Napoleon's side, were forced to seceede Norway to Sweden (as a compensation for their losing Finland to Russia). The union was a personal union, i.e., a Sedish king and Sweden running the foreign policy. Norway, having written its constitution in 1814, passed its own laws and levied its own taxes even before dissolving the union in 1905. A significant legislative detail was omitted. The natural resources were legislated in such a way that the companies building the hydroelectric power plants, and those drilling for oil and gas do not own the water or the oil and gas until it has been extracted. The powerplants and dams will return to the nation after about 99 years. The licences to drill and extract oil and gas will expire if not used after a certain period - a company cannot sit on a right indefinitely. They also have to follow Norwegian laws and regulation and pay 78% of their profits in tax. The fund is prohibited from intevesting in Norway, in companies producing nuclear weapons, tobacco, or ol and gas. While reserves are decreasing, so will demand - electrification (e.g., electric cars) and renewable/sustanable energy production (solar, wind, even nuclear) world wide will supplant oil, gas, and coal.
I live in Puerto Rico I was talking to a girl she said Puerto Rico and the United States needs to be more like Norway. I said what do you mean so she started going down the path of why we should be more like them. I said that's the whitest place on earth. I said if you take all the people in Norway and then you take all the people in Puerto Rico and then you put all those people in Puerto Rico in Norway and then you put all the people in Norway on Puerto Rico what would happen. I think that this is the most interesting question. If you took all the people in Japan and then you put them on Puerto Rico and then you put all the people in Puerto Rico and he's stuck those people in Japan what would happen another interesting question
Norway and Puerto Rico have similar population sizes, but Japan and Puerto Rico have very different population sizes. So in the second hypothetical, you would end up with a very crowded Puerto Rico.
Particularly , because the Norwegians have huge reserves of oil and gas from their territorial waters ( and a comparatively small population of truly hard - working , non - skiving people ) - BUT unlike Britain , they have NOT ( long) LEASED out the very valuable mineral rights to oil/ gas exploitation/ extraction in these waters to foreign ( notably , US ) companies ( this was “forced” upon the British government - in order to deflect / pre- empt the troublesome Scottish Independence “ problem “ , no need to elaborate …. res ipsa loquitur ) .
Norway is rich because it invest the money it gets. The norwegian wealth fund is the largest in the world and 60% of has come from investments. Norwegian weaøth fund is the largest single investor in the world it owns 1,5 % of all companies sto k
This is by far the best video I've seen on this subject. I think the only correction I have is that Norway was not _initially_ part of Denmark. We lost the majority of our population to the Black Death following 1349 and then we lost our freedom in 1397, which lasted until 1905. If any country has ever attoned for its sins, I think it must be Norway. :)
Norwegian families have a living standard similar of that of neighbouring countries with a much lower GDP per capita. So far the nation has saved a lot of money for the future, but many want to spend more now and improve the quality of public services. I think that we need to increase the purchase power of those with the lowest incomes and those that receive salaries that are not competitive.
6:16
Sustainability is the best. Norway all ready for it.
Forgot to mention the substantial phosphate deposits recently found which might generate more wealth than oil and gas ever did.
Norway's parliament and budding democracy started in 1814 when Denmark, having been on Napoleon's side, were forced to seceede Norway to Sweden (as a compensation for their losing Finland to Russia). The union was a personal union, i.e., a Sedish king and Sweden running the foreign policy. Norway, having written its constitution in 1814, passed its own laws and levied its own taxes even before dissolving the union in 1905.
A significant legislative detail was omitted. The natural resources were legislated in such a way that the companies building the hydroelectric power plants, and those drilling for oil and gas do not own the water or the oil and gas until it has been extracted. The powerplants and dams will return to the nation after about 99 years. The licences to drill and extract oil and gas will expire if not used after a certain period - a company cannot sit on a right indefinitely. They also have to follow Norwegian laws and regulation and pay 78% of their profits in tax.
The fund is prohibited from intevesting in Norway, in companies producing nuclear weapons, tobacco, or ol and gas.
While reserves are decreasing, so will demand - electrification (e.g., electric cars) and renewable/sustanable energy production (solar, wind, even nuclear) world wide will supplant oil, gas, and coal.
Most people in the world of economy or GDP will never take any second thoughts of doing business with Norway
Because
I live in Puerto Rico I was talking to a girl she said Puerto Rico and the United States needs to be more like Norway. I said what do you mean so she started going down the path of why we should be more like them. I said that's the whitest place on earth. I said if you take all the people in Norway and then you take all the people in Puerto Rico and then you put all those people in Puerto Rico in Norway and then you put all the people in Norway on Puerto Rico what would happen. I think that this is the most interesting question. If you took all the people in Japan and then you put them on Puerto Rico and then you put all the people in Puerto Rico and he's stuck those people in Japan what would happen another interesting question
Norway and Puerto Rico have similar population sizes, but Japan and Puerto Rico have very different population sizes. So in the second hypothetical, you would end up with a very crowded Puerto Rico.
@@eckligtI bet you it wouldn't take 3 hours to get to the other side of the island.
And deep sea mining in the future
Particularly , because the Norwegians have huge reserves of oil and gas from their territorial waters ( and a comparatively small population of truly hard - working , non - skiving people ) - BUT unlike Britain , they have NOT ( long) LEASED out the very valuable mineral rights to oil/ gas exploitation/ extraction in these waters to foreign ( notably , US ) companies ( this was “forced” upon the British government - in order to deflect / pre- empt the troublesome Scottish Independence “ problem “ , no need to elaborate …. res ipsa loquitur ) .
you are scottish so you would definitely say all this especially the last parts
Norway is rich because it invest the money it gets. The norwegian wealth fund is the largest in the world and 60% of has come from investments. Norwegian weaøth fund is the largest single investor in the world it owns 1,5 % of all companies sto k