In response to Americans frequently referring to his country as socialist, the
prime minister of Denmark recently remarked in a lecture at Harvard’s Kennedy School of Government,
I know that some people in the US associate the Nordic model with some sort of socialism. Therefore I would like to make one thing clear. Denmark is far from a socialist planned economy. Denmark is a market economy.
The Danish Model — Don’t Try This at Home
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.
And it would certainly be ironic if the Danish case were to become an excuse for politicians in the United States, Greece, or other countries to avoid fiscal consolidation and economic reform, since we Danes have been reforming and consolidating for decades to deal with the problems created by the introduction of our welfare state.
Nah bruh..the socialism was hurting their economy they had around 1% growth for many years,If it wasnt for Oil,natural resources and -ve population growth they would have turned into Greece they actually have moved away from socialism in fact America has more growth and productivity EVEN AFTER the cost of running the most expensive militarily machine the world has ever seen..if it wasn't for that wastage we would all be way richer than any Scandinavian country
