Quote Originally Posted by lowtech redneck View Post
I generally agree with most of that, except for the following:

1.) Scandinavia has not necessarily achieved a golden mean, its just that the combination of small populations and cultural homogeneity within a nation-state makes it easier to avoid the worst of the problems that excessive government intervention engenders.

2.) Norway does deserve some credit for apparently avoiding the "dutch disease"; small countries with economies dominated by oil-revenue distortions generally require much more government intervention than is advisable (much less preferable) in large, diversified economies. The trick (or caveat) is twofold; adopt the right short-to-medium term interventionist policies, and have the political will to implement free market reforms once the oil revenues begin to dry up. Most oil-dominated economies that aspire to be anything other than a rentier state screw this up.
Yeah, I agree completely, I didn't add enough details to that post.