In this new Prager University video, Otto Brøns-Petersen answers the question “is Denmark socialist?” The answer will surprise many. Here is the summary:
Socialism has failed across the world – from the Soviet Union and Eastern Europe to China, Vietnam, North Korea and, most recently, Venezuela. So now the left references countries like Denmark as “proof” that socialism works. Otto Brons-Petersen explains why they’re wrong: Denmark is just as capitalist as the United States.
From the transcript:
I am a citizen of Denmark, the Disneyland of socialism, where everybody is happy and healthy. Forget the Soviet Union, Cuba, Venezuela and all those power-mad Marxists who got it wrong. Denmark is the model to follow.
There’s just one problem. It’s a fantasy.
For it to be true, Denmark would have to be a socialist country. But it’s not. If it were, it would have gone “Venezuela” a long time ago. Sorry to bring all the new fans of socialism the bad news. But that’s the reality.
Yes, it’s true that Denmark has high taxes and a high level of government spending – key features of a socialist mentality. But in almost every other respect, Denmark is a full-on free market capitalist country.
And it has some of the strongest protections of individual property rights in the world.
And it’s a particularly easy place to open a business. According to the World Bank, there is less bureaucratic red tape in Denmark than in any other country, except for New Zealand and Singapore.
And the labor market is less regulated than in most countries. Here’s something you probably didn’t know: there are no minimum wage laws in Denmark.
It’s not surprising then – or maybe it is surprising, given all the misinformation out there – that Denmark ranks consistently as one of the top-ranked free market economies in the world by The Fraser Institute in Canada and The Heritage Foundation.
So, if Denmark is not a socialist country, what is it?
Read more and watch the video: Prager University