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How Powerful Are the Nordic Countries?
Does Gun Control In Europe Work?
U.S. Senator Bernie Sanders is running for president on a platform of democratic socialism. What does that term mean exactly? It's essentially a framework that operates somewhere in between socialism and capitalism. Competition between businesses is encouraged and industries are not nationalized. Still, there is a great deal of government oversight and an emphasis on social equality through progressive support programs.
The so-called Nordic model came about during the Great Depression. Denmark's economy was in poor condition, with extremely high unemployment and exports were at an all-time low. The Danish Prime Minister established state welfare services to help the Danish people. To this day, Denmark has some of the broadest social welfare programs around, largely paid by a high tax rate. Critics say such a tax code discourages innovation and risk. Denmark, like much of Europe, also has a rapidly "gray-ing" population. More and more Danes are looking to retire and enjoy the benefits of such social welfare programs, but there are not enough young people filling in their spots in the labor market.
Still, proponents of democratic socialism point to high levels of happiness and life expectancy in countries like Denmark and Finland. Whether or not such a system could ever be adopted in the U.S. remains to be seen.
The Nordic Model: Embracing globalization and sharing risks (arhiv.svrez.gov.si)
"The Nordic model is widely regarded as a benchmark."
Why Denmark isn't the utopian fantasy it is made out to be (independent.co.uk)
"There's one country that keeps popping up in the debate among the Democratic candidates for US president."
Danes Rethink a Welfare State Ample to a Fault (nytimes.com)
"It began as a stunt intended to prove that hardship and poverty still existed in this small, wealthy country, but it backfired badly."