Re:The Submersible Nuclear Ramjet: Part Nuclear Bomber, Part...
by sharpneli on Tuesday December 31, 2019 @12:21PM
(#21922653)
> The Scandinavian countries started from a fundamentally different premise. They're not based on a socialist principle--i.e. that property should be owned in common with the government controlling its use.
This cannot be emphasized enough. It’s social democracy, not socialism as in USSR. It’s as different from socialism as national socialism is.
Our regulations on private sector are aimed at keeping the markets free, thus efficient. Free doesn’t mean free from regulation, but free from natural monopolies etc.
One of the best examples is our mobile/internet regulation. There are no local monopolies and competition works quite well.
So while we do have a big public sector the private sector that actually pays for all of this has to be really efficient.
See: https://thefederalist.com/2019/06/25/socialism-didnt-work-in...
> Sweden stood as the world’s fourth wealthiest country nearly five decades ago. Its taxes were lower than most western countries, including the United States. The economy was deregulated, and public spending was hardly above 10 percent gross domestic product (GDP).
> The 30-year experiment “was a brief interlude of failure,” Norberg said. To reform and save its economy, Sweden reverted back to its capitalist structure. It reduced public spending by a third, demolished taxes on property and inheritance, and reduced taxes in other areas. Defined benefits were cut and only defined contributions were permitted.