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Oct 27, 2021 · Argument. An expert's point of view on a current event. Nordic Countries Aren’t Actually Socialist. Denmark, Norway, and Sweden shouldn’t be held up as socialist utopias. By Nima...
- Nima Sanandaji
Read More. As much as liberals like to use Nordic countries as examples that socialism and successful societies can co-exist, the reality is that these countries are not socialist, or...
- Is Scandinavia Socialist?
- Social Democracy Explained
- The Grand Compromise
- Aspects of The Nordic Model
- Problems with The Nordic Model
- What About Norwegian Oil and The Wealth Fund?
- Scandinavian ‘Exceptionalism'
- Scandinavians People Are Happy People
- The Virtuous Circle
Actually, to start with, what do we mean by socialism? That’s pretty much what Marx and Engels came up with in the 19th century. If you’re looking for a country that matches this definition, your search won’t take you to northern Europe. The simple fact is that Scandinavian countries are not, by any reasonable definition, socialist. In 2015, in fac...
Scandinavia and the Nordic countries can be best described as social democracies. Effectively, they’re democratic countries in which its citizens are well cared for. Some refer to this as democratic socialism, though this is far from correct. Some economists refer to it as cuddly capitalism, contrasting with what is seen as cut-throat capitalism in...
The Nordic Model traces its origins back to a 1930s compromise between workers and employers. It was spearheaded by farmers—which was how most people in the region, and indeed most of the world, made their money back then—and the workers parties that represented them. The key feature of the Nordic Model is the social partnership. That's centralised...
We can characterise the model as a number of key points: 1. Generous social safety net and public pension system with well-funded public services in a relatively high-tax economy 2. Strong property rights and contract enforcement coupled with an overall ease of doing business 3. Free trade combined with collective risk sharing, allowing the benefit...
A few problems arise from the Nordic model that are inevitably going to cause changes over the coming years. The post-war Baby Boom produced a large generation that’s currently retiring or retired. This was then followed by a decline in the birth rate caused by more people working longer and thus having fewer children. Populations are getting large...
It’s true that Norway has a higher degree of state-ownership of ‘the means of production’ than most countries, thanks to its oil economyand the state-owned energy company. It’s important to note that even though it’s majority-owned by the government, Equinor is run as a for-profit concern in the same was as other non-state oil companies around the ...
Another thing that detractors of the Nordic Model like to point to is that the system might actually be getting in the way of the people. Maybe it’s not the Scandinavian systems that are working well, but the people themselves. Looking at Scandinavian Americansshows that their productivity is higher than average, their wages are higher than average...
The World Happiness Reportranks countries according to how happy their citizens say they are. It’s the most reliable and reproduceable estimate of happiness. Every year, half of the top ten is taken up by Norway, Sweden, Denmark, Iceland and Finland. There’s no doubt that Scandinavians are happier with their livesthan most of the rest of the world....
Nordic countries foster a kind of virtuous circle. High levels of trust in the government aren’t necessarily caused by low-corruption and low corruption is not necessarily caused by high levels of trust in the government. Instead, they feed into each other, and the other factors, to create a virtuous circle – everyone’s happy and everyone trust eve...
The Scandinavians embrace a brand of free-market capitalism that exists in conjunction with a large welfare state, known as the “Nordic Model,” which includes many policies that democratic socialists would likely abhor.
Jul 30, 2018 · The Nordic countries are all social-democratic countries with mixed economies. They are not socialist in the classical sense – they are driven by financial markets rather than by central...
- Geoffrey M Hodgson
Jul 2, 2020 · If Scandinavia is not socialist, as Dorfman claims, then the American Left has a crushing response: In that case, you will not object to importing a Scandinavian-type welfare state to this...
Feb 11, 2019 · For these reasons, it is more accurate to say that the Nordic countries are social-democracies than democratic socialist states.
