I’m not an economist, but I’m very interested in economics, and I am trying to invent my own economic model that would be something like social democracy.
Anyway, I am wondering: Is it better for natural resources (oil and gas for example, among other things) to be state or privately owned?
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which gives a better economic growth? For example, in Norway, the government owned 67% of Equinor, the state owned oil company. Through that and high taxes, they achieve a good welfare state. But what if it was 100%? And does this harm the economy in any way? (let’s say if it was privately owned, would the economy be any stronger)
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If it is privately owned, and people invest into the companies, would the government be able to profit off of it as well in some way?
Thanks, u/Dusty_Bunny81
Is it better for natural resources to be state or privately owned ?
byu/Dusty_Bunny81 inAskEconomics
Posted by Dusty_Bunny81