The Nordic nations punch above their weight in global discussions of economic policy.
Advocates of bigger government in the United States, such as Bernie Sanders, claim that those countries are proof that socialism can work.
But there’s a big problem with that claim. The Nordic nations don’t have any of the policies – government ownership, central planning, or price controls – that are characteristics of a socialist economy.
But they do have high taxes and big welfare states. And since some politicians seem to think America should copy those policies, let’s see what we can learn by examining the Nordic nations. CARTOONS | Close to Home View Cartoon
NIma Sanandaji, writing for Foreign Policy, highlights what is good – and not so good – about government policy in the region. He starts by looking specifically at Norway.
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