President Trump reportedly touted Norway last week, comparing it favorably with Haiti and other countries he described in scatological terms. Though there are surely wonderful Norwegians, the government in Oslo calls to mind the Barry Switzer line: “Some people are born on third base and go through life thinking they hit a triple.”

Norway is fabulously wealthy, thanks to North Sea oil. Its economic output per capita is 20% higher than America’s. Little Norway’s government pension fund is the world’s third largest, valued at...