The Nordic countries pretty much have a capitalist free market system with heavy government ownership of natural resource extraction. All saddled with a massive redistributionist welfare state that requires massive tax rates on everyone to support. It kinda worked for a while due to a mostly homogeneous culture with a strong work ethic. But now it is beginning to crumble from it’s own weight and economic realities.No country ever got wealthy through socialism. They all got wealthy through capitalism and then adopted socialist structures and are losing that wealth.
More details: https://fee.org/articles/the-myth-of-scandinavian-socialism/
found @ 28 likes ON 2019-05-06 08:14:44 BY ME.ME