The myth of Nordic Socialism

ECN | 20 Aug 2016

Socialists everywhere and the likes of Bernie Sanders have constantly alluded to Finland, Sweden and Denmark has champions of Democratic Socialism. They have all claimed that these states are the best examples of how socialism can work, and that the United States must become like them.

But are these models of socialism really successful? Not necessarily.

Tom Woods recently had a very entertaining podcast that demolished the myth of Nordic Socialism. He had on Nima Sanandaji, who recently released his new book, “Debunking Utopia: Exposing the Myth of Nordic Socialism.” They discuss how economic freedom and free markets have helped the aforementioned nations.

If you want to shut up your hipster friends who think the world needs to be more like Norway then show them the video below.

Here are also other references you should check out in regards to this topic:

‘Socialist Paradise’ Sweden suffering from swelling debt levels, employee absenteeism

What the heck is happening in Sweden? Negative rates, cash bans, housing bubble and enormous debt

The U.S. should emulate socialist Sweden? ‘Dead Wrong’ says Johan Norberg

8 facts to show why Denmark shouldn’t be emulated

Will Immigration Force a Change in Sweden’s Labor Laws?

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