EconomicPolicyJournal.com: The Truth About Denmark and Socialism: What Bernie Sanders Doesn’t Understand About the Country
Posted by M. C. on August 17, 2018
So, Denmark first became rich, and then introduced the government programs that make up the welfare state. The huge increase in government spending has been accompanied by deep structural problems, which has made it necessary to reform the Danish economy and welfare state. It can hardly be claimed that introducing the welfare state made Denmark rich; rather it was the other way around. Denmark first became rich, and then the authorities began to redistribute some of the wealth
It’s that”redistribution thing“. $tealing from you to give to someone who (the government thinks) deserves it more..
http://www.economicpolicyjournal.com/2018/08/the-truth-about-denmark-and-socialism.html
By Otto Brøns-Petersen
…The first thing to recognize is that Denmark, like the other Nordic countries, has quite a free-market economy, apart from its welfare state transfers and high government consumption. The Nordic countries tend to get rather high rankings on global measures of economic freedom. Denmark is thus number 22 on the Fraser Institute’s Economic Freedom of the World (EFW) index and number 11 on the index published by the Heritage Foundation.1 Denmark ranks at number 3 on the World Bank’s Doing Business report, which assesses the ease of doing business around the world.2
Second, Denmark did not become a rich country recently. As Figure 1 shows, Danish per capita GDP relative to other countries reached a maximum 40 to 60 years ago (ignoring the “noise” from the Great Depression and World War II). Denmark caught up to and overtook “old Europe” in the fifties, while it narrowed the gap with the United States and other Western offshoots until the early 1970s, when the process of catching up came to a halt. Danes are still not as rich as Americans…

This entry was posted on August 17, 2018 at 8:00 am and is filed under Uncategorized. Tagged: Bernie Sanders, Denmark, Redistribution, Socialism. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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