Showing posts with label Why Socialism doesn't work.. Show all posts
Showing posts with label Why Socialism doesn't work.. Show all posts

Norway, Sweden and Denmark are not the hallmarks of socialism the Left wants you to believe.

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