I’m still working on that book of mine, so things will still be short this week. I’m making some good progress, I promise. As you may have guessed from the above title, the above graphic is not something with which I agree. In fact, seeing it last week caused coffee to shoot through my nose, necessitating the usage of a baby wipe to clean my capitalism produced relatively inexpensive flat screen monitor, which years ago replaced the television looking thing.
When ever the debate over Capitalism versus Socialism occurs, there is a sameness in the flow of arguments given. When the specter of Socialism ultimately causing untold misery, each and every time it’s been tried finds itself raised, our friends from Scandinavia will be offered up as the refutation of that position. After all, Denmark has a $20 per hour minimum wage, stratospheric rates of taxation, free health care and consumer products, free education for any who wish to remain on Mommy’s couch thus delaying the real world, and most importantly of all, a bona fide government regulation that actually places a cap on how productive any member of that lucky society is allowed to be.
When you hear this tripe, bear a couple of things in mind. One, Socialism in Denmark is relatively new. The Commies have only been in charge there since the mid 90’s or so, and it did take about 80 years to bring the Soviet Union to its knees. Thanks to a very robust free market system existing for a few centuries in Denmark prior to Socialism rearing its ugly head. they had started this experiment in futility with a vast amount of wealth per capita available for cannibalization. Things are not quite so honky dory as the above graphic indicates they may be in Denmark. Her debt as expressed per capita and as a function of her GDP is at that same wonderful Grecian Level that caused massive riots there. Scariest of all, Denmark, as of this year, ranks two spaces ahead of the United States in terms of economic freedom. Even with those economically suicidal regulations placing the Danish economy in shackles, she is an economically freer society than what have have here.
Here are some helpful links for those who find themselves debating idiots who bring this nonsense up as proof that Socialism can work, if we only had the right group of people to place in charge of it all, or if we would just be willing to do it big enough.