Can Socialism Work Without Oil?

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Whenever I talk about the inevitable failure of socialism, my leftist friends always bring up the Scandinavian countries–Norway in particular.  “It works very well in Norway,” they always say in a snide tone of voice. (Okay, Norway is really a super-high taxation and cradle-to-grave capitalist country – but it’s frankly socialism in disguise.)

What they forget to mention is that Norway is the largest crude oil producer in Western Europe. Heck, even Oprah traveled to Scandinavia a few years ago to do a show on who she called “The Happiest People on Earth.” (She was speaking primarily of Denmark, which has a large oil and gas industry as well.)

What my liberal friends always conveniently fail to mention is that Norway has an almost-trillion dollar sovereign wealth fund that represents almost two-hundred thousand dollars for each Norwegian. About one-third of the federal budget of Norway comes from oil and gas revenue, siphoned off from the sovereign wealth fund. We have a similar situation in Alaska, where there are no sales or income tax–and the state pays residents several thousand dollars a year to live there.

The question is, would Norwegians be so happy without oil? We may find out the answer to this question over the next several decades. Norwegian oil production has been falling for years, from a high of over three-million barrels daily to significantly less that two million barrels today.

With the price of crude plummeting from $110 to almost $60 a barrel, the Norwegian central bank is now warning of a severe economic downturn. Offshore oil rigs are being idled, and ten percent of the employees in the Norwegian oil sector have been laid off recently–and the pain is only just starting. The Wall Street Journal reports: “Oil workers are threatening to strike unless the government steps in to stem further losses.” 

So with declining oil production and a severe downturn in the price of Norway’s enabling natural resource, will socialism still thrive in Norway? Without a tradition of entrepreneurship and aggressive capitalism and a population that is used to lots of free stuff, it remains to be seen if their economy can successfully transition to a post-oil era.

Norway has been successful in managing their economy for decades, but it’s about to get a lot harder.  And, they do have a trillion dollars in the bank to cushion the blow.

However, it may take a new generation of Norwegians to really transition their economy to a more capitalist model to create growth in the absence of the hydrocarbon crutch. The current population may just be too set in their warm socialist nest.  

Photo credit: shutterstock.com

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by WesternJournalism.com.

This post originally appeared on Western Journalism – Informing And Equipping Americans Who Love Freedom

Watch: This Conservative Just Took Down A Liberal Superstar In Hilariously Epic Fashion

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Steven Crowder smacks down Hollywood’s self-avowed socialist by addressing his asinine arguments so you don’t have to.

This post originally appeared on Western Journalism – Informing And Equipping Americans Who Love Freedom

Watch: If What This Guy Just Said Is True, Liberals Around The Country Will Be Losing Their Minds

Jim Lacy FI

Jim Lacy, American Conservative Union Board Member, was on Stuart Varney’s Fox Business Network show to discuss the problems of Obama’s administration “picking and choosing winners and losers” of California businesses.  He sites Tesla being a company that is exempt from environmental regulations, but not other ones.

“I want to ask you about California’s governor Jerry Brown,” Stuart said. “He has offered Tesla, the electric car, the green electric car company, he’s offered them all kinds of tax breaks and he’s going to wave environmental restrictions if they build their big factory in the state. What’s going on with this?”

“They’re trying to do a jam job in the legislature right now, to put $500 million of California taxpayer’s funds into Tesla and to basically loosen all environmental regulations so they can fast track,” said Lacy.

“Manufacturing is in terrible shape in California,” he continued. “We’ve lost 40 percent at manufacturing jobs since 1990, GM is gone, Ford is gone, Caterpillar and International Harvester are gone, Toyota is leaving and Chrysler is gone. And as you know and we’ve talked about, the Campbell’s soup factory, after 100 years, the Democrats allowed that to close because the whole reason of high taxes and tough regulations.”

“Well now, they’re picking and choosing. Now they are saying because Tesla is ‘green’ we’re going to allow all these benefits to go over to Tesla to create 6500 jobs, and you know Stuart, it’s Socialism. It’s command economy. It’s picking winners and losers.”

This post originally appeared on Western Journalism – Informing And Equipping Americans Who Love Freedom

The Economy Is Hurting America, But There Is A Way To Improve Your Financial Situation

Statue of Liberty 2 SC

I have come to the conclusion that many people on the Left are just not good people.  What other conclusion can you come to after watching the blatant class warfare and race baiting that continues to come out of this administration and from their cronies on the Left.  There was a similar point in Russia decades ago as the Bolsheviks attempted to take over the country with lies, subterfuge, and an appeal to the worst human traits of envy and lust of another’s lifestyle.  We are seeing the same thing today;  Lenin would be proud of Obama, Pelosi, Reid, and the others.  They are simply just not good people. They are bad for America, and their ideology has to be defeated and stopped.

The Left refuses to admit that their socialist economic policies have retarded economic growth in America.  Instead, they point to the capitalist boogie-man and those evil corporations as causing the rise in unemployment and reduction in per-capita income we have seen across the United States.  Of course, if you look at states like Texas and North Dakota, where free-markets still reign, economic growth is booming.  California is energy rich like these states, but the Left prevents industry from harvesting its reserves, therefore preventing job creation.  Other blue states like New York and Illinois suffer devastating budget deficits that prevent basic services from being delivered, yet the Left continues to blame the Republicans and the minority party instead of looking themselves in the mirror.  All the while, the unions and other special interests rake in billions from state coffers and bad teachers and other bureaucrats can’t be fired.

Here’s a newsflash for the Left: If you are an American in a low-paying, dead-end job, or have lost your job altogether, you can always start a business.  Even a micro-business can add income to your family’s budget, provide self-respect, and help the economy.  Most jobs are created by small businesses, not major corporations.  These small businesses are the entities that have been hurt the most by Obama’s regulatory overreach, wealth redistribution, and overall bad economic policies.  If you start a small business and work hard over time, eventually it will turn into a larger business, hire people, and create wealth.  The Left refuses to admit this.  They only want other people’s money and to foster societal unrest.

The race-baiting coming out of the Left these days is just infuriating.  These people have no desire for a harmonious, diverse, America.  They only want to use diversity as a tool to take from others what they want and refuse to work for.  The use of racial strife as a way to gain political power is just simply evil.  There is no other way to describe it.  It is hurting others for your own political gain.  The Left is desperate for race to remain an issue after the election of the first black president.  White America has moved on and for the most part is no longer racist.  Black race hustlers attempt to roll back the clock and create racism among minorities.  This is all just bad for the country.  Freedom loving Americans and good-hearted conservatives have to fight this internal enemy head on for the benefit of our children’s future.

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by WesternJournalism.com.

This post originally appeared on Western Journalism – Informing And Equipping Americans Who Love Freedom

Warning–Explicit Content: Conservatives And Socialists Clash, Literally

When conservative journalist Dan Sandini attended a recent public meeting at Portland State University, he likely anticipated attendees would not extend him a warm welcome. What transpired, however, is a stunning revelation of the lengths to which leftist ideologues will go to silence opposition.

According to a video of the interaction, the meeting was organized by the International Socialists Organization and was attended by anti-capitalist activists. When some in the group recognized the blogger, Marxism professor Grant Booth went to find a police officer in an attempt to have him removed.

Naturally, the officer affirmed the Sandini’s right to attend the open meeting, provided he is not disruptive.

In response to his fair treatment, Sandini wrote an open letter to Portland Police Sgt. Robert McCleary. A number of supporter joined in the officer’s praise.

Facebook/Dan Sandini

Facebook/Dan Sandini

Upon returning to the meeting, one organizer confirmed the group will file a complaint with the university’s student government. A woman identified in the video as Mer McIntyre expressed her contention that dissent cannot be tolerated.

“We don’t allow known right-wing bloggers to take our events and post them selectively online,” she asserted.

At that point, another attendee became even more irate.

“We have a right to this space,” he said, apparently addressing the officer; “and I think he’s a f—king piece of s—t!”

In an ad hoc response to the Sandini’s presence, another organizer moved to create a human barricade between the meeting’s proceedings and the cameraman.

“We can all do a meeting like this and he can’t film nothing,” she said, later concluding the blogger “thinks he’s the only one that can p—s somebody off.”

An attendee taunted the blogger, placing his hand directly in front of the camera lens and repeating: “I’m not touching your camera. I’m not touching your camera.”

Finally, the officer shut down the meeting entirely, leading to a makeshift protest in the hallway in which an individual identified as Christopher Beck raises both middle fingers at the blogger while attendees shout, “Harassment isn’t free speech!”

Tellingly, there is no indication that any of the group’s members feel their harassment stifled Sandini’s free speech.

This post originally appeared on Western Journalism – Informing And Equipping Americans Who Love Freedom