WSJ Piece About Socialism in the Nordics
The CATO Institute’s index that people use to say how capitalist Norse countries are includes mostly things that have nothing to do with distinguishing capitalism from modern democratic socialism.
Even looking at the economic freedom indicator, only four percent of it is looking at the state’s ownership of assets, which is core to what socialism is.
Yet, this is used again and again to say how capitalist these countries are.
In the US, the state owns around 4% of total national wealth, for Denmark, Sweden, Finland, and Norway, this is: 11.2%; 24.1%; 31.7%; and 57%.
There are many different types of Socialism. Just determining that a country isn’t a fully topped down planned economy, doesn’t mean it’s not Socialist.
Low-wage workers in the US pay HIGHER taxes than the Nordic countries if you count healthcare premiums as taxes. Healthcare premiums come right from your paycheck and go a bureaucracy that pays for healthcare. It’s the same in the US as Nordic countries, except in the US it goes to a private company and in Nordic countries, it goes to the government. In both cases. health insurance is provided…except out of pocket costs are also lower in the Nordic countries.
If you need a family plan, then the US average wage worker also pays more!
The focus on taxes is silly. What matters is what are the cost burdens on Americans. Whether it is a tax from government or a healthcare premium from an insurance company, it’s a burden! Only looking at taxes is highly misleading, especially when taxes are instead of a premium, so when you look at the US, you ignore the cost of that premium.
That the US is a larger country, means we have more economies of scale, meaning it should be easier for us to provide healthcare for its people. We don’t do it based on ideology.
The problem with childcare fraud in Minneapolis wasn’t simply a problem with Somalis, but with private companies providing government services while being paid by the taxpayer. That wouldn’t have happened if the government did it itself.
The Nordic countries have universal welfare states and high levels of state ownership. They are examples of more successful “socialist” policies.
https://www.youtube.com/watch?v=I4He0ceUFvI