Why The Uk Lost Its Crude Wealth (And Why Norway Didn't)

An awesome video, the Norwegians had a Labour authorities which kept its high taxes spell investing its crude wealth, precisely United Kingdom of Great Britain in addition to Northern Ireland spent all its crude wealth on taxation cuts (and it doesn't nation here, precisely too on large dole queues every bit Thatcher destroyed British manufacture putting millions out of work).

Britain's gross domestic product did grow for a while, precisely tanked when the crude coin run out, spell Norway's economic scheme prospered nether socialism in addition to grew steadily rich. Today, Kingdom of Norway is ane of the richest counties inwards the world, spell close of Britain, except for London in addition to the South, is ane of the poorest countries inwards Northern Europe.