In arguing for socialism, Progressive/Socialists often refer to Norway, Sweden, and Denmark as examples of socialist success. There are, however, several key problems with that.
First, these countries are not technically socialist. By the YDSA’s
definition, socialism entails a centrally planned economy with
nationalized means of production. Although these countries have high
income taxes and provide generous social programs, they remain
prosperous because of their free-market economies.
Denmark ranks as the 10th most economically free country in The Heritage Foundation’s Index of Economic Freedom,
which cites free-market policies and regulatory efficiency as reasons
for the high standard of living. Sweden is ranked 15th and Norway 23rd,
both with similar descriptions of thriving private sectors and open
markets.
These three countries are clearly not operating under centrally
planned economies, or their economic-freedom scores would be
significantly lower.
Second, the success of these countries is clearly based on a
capitalist foundation, and it predates
Mission Statement: This blog reviews the news of the day in light of 242 years of American history. "Nationalism," a modern day pejorative, has been our country's politic throughout history, until 2008. Obama changed that narrative. Trump is seeking a return to our historical roots. Midknight Review supports this return to normality.
Showing posts with label Why Socialism doesn't work.. Show all posts
Showing posts with label Why Socialism doesn't work.. Show all posts
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