Norway taxes oil production, which is a majority of its foreign exports, at a nearly 80% tax rate and now has a sovereign wealth fund run by the govt that is four times as large as its GDP. Trying to pretend that's not a version of socialism becomes an exercise in semantics at some point.
Dr Earhart Sampson PhD 🌎 🇨🇦 🇺🇲 🇲🇽 🇩🇰 🇺🇦Social Democracy (Nordic Model): Countries like Norway, Sweden, and Denmark are thriving capitalist, market-driven economies combined with welfare states, high taxes, robust labor laws, and universal public services like healthcare and education. Private property and enterprise remain foundational.