Is Nordic capitalism?
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Is Nordic capitalism?
The Nordic model is the combination of social welfare and economic systems adopted by Nordic countries. It combines features of capitalism, such as a market economy and economic efficiency, with social benefits, such as state pensions and income distribution.
Finnish Socialist Workers’ Republic
| Finnish Socialist Workers’ Republic Suomen sosialistinen työväentasavalta (Finnish) Finlands socialistiska arbetarrepublik (Swedish) | |
|---|---|
| Historical era | World War I and Finnish Civil War |
| • Established | 29 January 1918 |
| • Disestablished | 5 May 1918 |
| Currency | Markka |
In the U.S., the highest marginal income tax rate is 37 percent. In Nordic countries, the maximum marginal tax rate is 70\%, or twice the maximum U.S. tax rate. There is enough evidence that a substantial number of Americans would favor Nordic Capitalism and higher taxes.
Does socialism really work in Scandinavia?
Democratic socialists like Bernie and Alexandria Ocasio-Cortez insist that their brand of socialism is modeled not on the failed socialisms of the past, but rather on the one place where socialism seems to work: Scandinavia. Getty Images
What do the Scandinavian countries have in common?
While the Scandinavian countries are in many ways very different, they share a lot of common history. The styles of government aren’t identical either, but they do share some common features. The ways in which they’re similar are enough that we can talk about them collectively – scholars call this the Nordic Model.
In Scandinavia, by contrast, citizens never speak of “free college” or “free health care” because they know who is paying for it: They are! The American Left’s socialist model is in fact more akin to Venezuela than Scandinavia.
The Nordic Model works in Scandinavia because it’s in Scandinavia. It’s a whole system, not just a few policies, that makes life in Scandinavian countries more like a shared journey. There are, no doubt, things that the rest of the world could learn from the region.
https://www.youtube.com/watch?v=goUBuAWO7Xc