Is Denmark Socialist?|5 Minute Video Now the left references…

Is Denmark Socialist?|5 Minute Video
Now the left references countries like Denmark as “proof” that socialism works. Otto Brons-Petersen discusses why they’re incorrect: Denmark is just as capitalist as the United States.
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Script:

I am a person of Denmark, the Disneyland of socialism, where everyone is delighted and healthy.
Forget the Soviet Union, Cuba, Venezuela and all those power-mad Marxists who got it incorrect. Denmark is the design to follow.

There’s just one issue. It’s a dream.

For it to be real, Denmark would have to be a socialist country. However it’s not. If it were, it would have gone “Venezuela” a long period of time ago. Sorry to bring all the brand-new fans of socialism the bad news. That’s the reality.

Yes, it’s true that Denmark has high taxes and a high level of federal government costs– key features of a socialist mentality. In nearly every other respect, Denmark is a full-on free market capitalist nation.

And it has a few of the greatest securities of private property rights worldwide.

And it’s a particularly easy location to open a company. According to the World Bank, there is less governmental red tape in Denmark than in any other country, except for New Zealand and Singapore.

And the labor market is less regulated than in most countries. Here’s something you probably didn’t know: there are no base pay laws in Denmark.

It’s not surprising then– or possibly it is surprising, provided all the false information out there– that Denmark ranks regularly as one of the top-ranked free enterprise economies worldwide by The Fraser Institute in Canada and The Heritage Foundation.

So, if Denmark is not a socialist nation, what is it?

The response is quite straightforward: it’s a small capitalist nation (about the size and population of Maryland) whose citizens pay tons in taxes in exchange for thousandses in benefits.

Well, what’s incorrect with that? you may ask.

Only this: for the government to pay out such advantages, you need people to make enough cash to pay the essential taxes.

Which’s just possible through a free enterprise economy.

Let me discuss– with some Danish history.

Denmark, like its Scandinavian next-door neighbors, Sweden and Norway, made an amazing economic recovery after the Second World War. The combination of an extremely productive work force and– get this– low taxes created a great deal of wealth.

So like every other wealthy welfare state, Denmark prospered before it developed the welfare state.

Relative to Europe, Denmark’s economic high-water mark remained in the 1950s; relative to the United States, it was the early ’70s. It was then, in the early ’70s and late ’60s, that the nation’s ruling elite ended up being preoccupied with wealth redistribution. The cost paid for this social experiment was steep and swift.

The growth of public spending caused a severe economic crisis. The national debt escalated. It took years of combination, structural reforms and reducing of well-being schemes to correct this mess.

This is the stuff you never hear about from the “Danish model” crowd.

The sharp tax hikes and costs likewise triggered a widespread popular revolt and led to the emergence of the “tax protestors” celebration, Fremskridtspartiet. Although the celebration no longer exists, the prevalent desire to cut taxes stays.

For the total script, see https://www.prageru.com/video/is-denmark-socialist

source

Is Denmark Socialist? Now the left recommendations nations like Denmark as “evidence” that socialism works. Otto Brons-Petersen describes why they’re wrong: Denmark is simply as capitalist as the United States.
For it to be real, Denmark would have to be a socialist nation. Relative to Europe, Denmark’s financial high-water mark was in the 1950s; relative to the United States, it was the early ’70s.