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It's called Anglo-style capitalism. It's not perfect. But it's better than every other system that's ever been tried.
by hackaflocka 11y ago
It's called Anglo-style capitalism. It's not perfect. But it's better than every other system that's ever been tried.
- Apocryphon 11y agoBetter than Scandinavian social democracy? Better than German social market economy? Better than East Asian Tiger hypergrowth-capitalism-but-with-strong-government-intervention?
- clarkmoody 11y agoGo back and analyze how Scandinavia got the capital to launch its massive social welfare programs. Same for Germany. Who did China trade with in order to become wealthy?
- Apocryphon 11y agoWell, Norway has a massive sovereign trust fund derived from North Sea oil, so it's an outlier. The other Scandinavian nations began creating their social welfare systems since at least the 1930s, if not earlier.