Old school Runescape

2016 - 40% of mortgage borrowers are not paying their debt down. Those that are paying principal are doing so at a rate it would take 100 years https://www.swedennews.net/news/225058369/sweden-facing-possible-property-bubble-warns-imf

2014 - Sweden to limit max mortgage to 105 years after average repayment is 140 https://www.telegraph.co.uk/money/property/mortgages/sweden-cuts-maximum-mortgage-term-to-105-years-the-average-is-14/

2024 - Countrys household debt to income reaches 180% (down from 199% in 2022) https://www.nordea.com/en/news/household-debt-burden-on-the-decline-in-sweden

I’m not sure if people are suggesting that oil itself is a magical solution or if they’re suggesting that having exclusive access to an extremely profitable resource (oil) enables a country with a tiny population to make socialism work.

I have a strange feeling that if oil became worthless Norway would quickly stop doing socialism well

Sweden is fairly unique as it’s economy wasn’t destroyed by WWII, and it’s stance on banking, foreign exports, and foreign ownership has enabled it to make massive profits. But the economy is seriously struggling today. The average home loan takes 100 years to pay off.

Finland economy replaces oil with timber and an extremely educated population. Both of which are not sustaining the model well as the country is in recession. The timber industry isnt producing sustainable profits like it used to. The debt-to-GDP ratio is extremely high. The highly educated population is leaving and people don’t typically immigrate to Finland.

So arguably the model isn’t working anymore, without something like oil to fall back on.

The no-poo (no shampoo) movement is very real and definitely works for many people (dependant on hair type and oil secretions). Basically, once you stop washing away your natural oils daily, the production normalizes and then a regular rinse with water and occasionally something like diluted soap, lemon juice or apple cider vinegar.

I’ve met them, I was one, I know them. You wouldn’t know unless they told you.

…? Context?