News for hackers. Stuff that matters.
Re:The Two Flaws Of Libertarian Economics by mseebach on Thursday January 08, 2009 @06:52AM (#424785)
> However, I would rather live under a Scandinavian-like government [...] We all agree on the goals: [...] prosperity, etc.

Yes, I've totally cut up your point, and I'll take this over Somalia any day. But Scandinavian government (Denmark in this case) couldn't care less about prosperity. Right out of college, you're in the top tax bracket, paying 63% on everything above $64.000 annual income (and just under 50% on everything below). Buying a car? 180% registration tax, and slap 25% sales tax on top of that.

But yeah, we've got worse schools than Portugal and free mediocre healthcare, but most importantly: we have high economic equality.

So no, unfortunately we don't agree on the goals.

Re:The Two Flaws Of Libertarian Economics by Rod on Thursday January 08, 2009 @01:46PM (#425395)
With all due respect, compared to 90% of the world's population, Danes are pretty prosperous IMHO.
Re:The Two Flaws Of Libertarian Economics by mseebach on Thursday January 08, 2009 @03:48PM (#425610)
Absolutely, we are. But Denmark is, along with the rest of "old Europe" going to wake up pretty soon and realize that the half bln. Chinese and Indian citizens that are moving into the middle class these years, are going to send their kid to college, and the white collar jobs are going to go the same way the blue collar jobs did over the past 20 years.

Without a strong focus on wealth creation, instead of the constant preaching to the mediocre and the "good enough", we're not going to have much to show once the Chinese and Indians get started.

In short: Prosperity is not a goal to attain, it's a continuous effort, and we just stopped trying.

Re:The Two Flaws Of Libertarian Economics by Rod on Thursday January 08, 2009 @09:01PM (#426035)
A few years ago I spent a Summer in Copenhagen, so I know a tiny bit of Denmark. I remember talking to Danish friends on how ridiculously high the taxes were. Yes, I was amazed that you guys pay 180% tax on cars.

On the necessity of wealth creation, I fully agree with you. I think the Germans, Danes, Swedes (etc) will soon find out that they will have to work a whole lot more than their parents to enjoy the same standard of living their parents could enjoy. It's not a pleasant thought, but then, the prosperity that Old Europe has enjoyed over the last few decades is pretty much an historical anomaly.

I could not agree more that prosperity is a continuous effort. I suppose the old Europeans are just a bit blasé and refuse to look at the facts. The world has changed.

Re:The Two Flaws Of Libertarian Economics by opticksversi on Thursday January 08, 2009 @09:22PM (#426060)
I remember talking to Danish friends on how ridiculously high the taxes were. Yes, I was amazed that you guys pay 180% tax on cars.

http://www.skovgaard.org/europe/denmark.htm

The Danes believe Denmark is the best country in the world, that Danish beer is the best in the world, and that anything they do is better than anywhere else in the world. But however contradictory it may seem, between them, they don't like to see others being successful. Thus, they do everything they can to bring down the brightest amongst them. The communist tax system that has brought the highest overall taxation level in the world is an effective way of doing so.

Re:The Two Flaws Of Libertarian Economics by mseebach on Friday January 09, 2009 @10:49AM (#426686)
That article is a bit on the edge, it should be said. But, by and large, his points are valid.

Most importantly, most parties aren't communist, they are "social democratic", definitely very left leaning compared to anything. There is a general (far from thorough) respect for private property, something you wouldn't expect from communists.

Re:The Two Flaws Of Libertarian Economics by Rod on Friday January 09, 2009 @12:46AM (#426270)
That is one scary article. I knew Denmark was pretty communist, but I had no idea it was perverted to this point. An eye-opener, for sure.
Re:The Two Flaws Of Libertarian Economics by pelle on Thursday January 08, 2009 @02:07PM (#425431)
More than 50% of people in working age in Denmark work for the government or make their living through some sort of welfare program. This means more than half the population of Denmark is prosperous exclusively because of income taken from the productive part of population.

Denmark and most of the rest of Scandinavia used to have a very classically liberal (~libertarian) mind set. It is the work ethic that has maintained much of the prosperity. Many of Denmarks large successful export businesses come out of this period.

As I like to say. Denmark is prosperous despite their welfare state and not because of it.