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Re:Adam Smith and Inequality (2014) by opo on Sunday September 12, 2021 @08:15PM (#28506453)
>...I think in Nordic countries (where I am from) have shown that relatively low levels of inequality ...

None of the Nordic countries have very low wealth inequality and both Denmark and Sweden are in the top 10 for wealth inequality.

Here are the latest available wealth inequality numbers for the Scandinavian countries:

Denmark 0.838

Finland 0.742

Iceland 0.694

Norway 0.798

Sweden 0.867

As a comparison the US is 0.852.

The entire range for the world (where there are stats) is 0.498 - 0.902

https://en.wikipedia.org/wiki/List_of_countries_by_w

>...What we are arguing against is high levels of inequality, I think most understand that some inequality must exist. But that level is much lower than what you tend to see today.

I think you also need to put things in context and realize that the issue of wealth inequality is one of many variables that determine quality of life. For example, East Timor has one of the world's lowest rankings for wealth inequality at 0.565, but given a choice many people would likely prefer to live in Sweden which has a wealth inequality of 0.867.

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