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~~~~~~~~~> Does DEBT  become SERFDOM ?

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Thursday, July 6, 2017

The Myth of Scandinavian Socialism - Foundation for Economic Education - Working for a free and prosperous world

The Myth of Scandinavian Socialism - Foundation for Economic Education - Working for a free and prosperous worldIn the Scandinavian countries, like all other developed nations, the means of production are primarily owned by private individuals, not the community or the government, and resources are allocated to their respective uses by the market, not government or community planning.

While it is true that the Scandinavian countries provide things like a generous social safety net and universal healthcare, an extensive welfare state is not the same thing as socialism. What Sanders and his supporters confuse as socialism is actually social democracy, a system in which the government aims to promote the public welfare through heavy taxation and spending, within the framework of a capitalist economy. This is what the Scandinavians practice.

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