By Abraham H. Miller:
How is it, considering the economic nonsense she spouts, that Alexandria Ocasio-Cortez could graduate cum laude from Boston University, with a degree in international relations and economics? Worse, how is it that her generation could embrace the very economic system that destroyed Eastern Europe and collapsed Venezuela, which sixty years ago was one of the top three economies in the world?
In Finland, which is still a capitalist country, the government resigned over being unable to push through free-market reforms vital to the survival of its health care system, which is projected to collapse without them. Italy, Portugal, Spain, and Greece teeter on the verge of economic breakdown because of unsustainable social programs.
Denmark has very high taxes and high social benefits. It also has the largest household debt relative to income of any of the industrial countries. Automobiles carry 180% tax and sales tax is 25%. Many young Danes emigrate for economic opportunities.
The idea that the Nordic economic model is the panacea that will “save” America is mythical. Nordic countries are small, relatively homogeneous societies that possess the philosophical bond, which originated in Lutheranism, of community sharing.
America is a multicultural society with vastly different ideas about sharing, taxation, and the role of government.
Read more: American Thinker