Norway’s shame: how a nation squandered its oil riches

Here’s a warning to America: Even a rich nation can be bled dry … by pandering to those who won’t work.†

Some 50 years ago, Njord, the mythological Norsk god of wealth, smiled on the hardworking fishermen and lumberjacks, and presented Norway with the gift of oil. In financial terms, this was a handsome gift indeed, currently translated into a natural bounty worth $740 billion.

Read the whole story in the Washington Times:

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