7 ms·

The Next Supermodel

74 points by pappyo 14y ago

rasur 14y ago
Leading the article with Britain under Thatcher as - presumably - a good example (of Government reform).. Not their brightest move to anyone British that grew up in the 80's and not in the "elite" classes. I was not compelled to read further, which is a pity, since the Economist can have some quite incisive articles sometimes. But then again, I guess I'm not their target audience. I'll try and read it again, once I've stopped gnashing my teeth :/
- antonapa 14y ago
  As a Swede that's seen the change of the country growing up I couldn't stand this propagandic piece of nonsense. This article is clearly a right-wing view on what makes a country prosper. Crime is up mainly because economic differences are bigger now than ever before in my lifetime. My children are going to grow up in a country fixated on doing budget cuts in the government spending. Sick people are no-longer supported by the government and cancer patients are being forced to look for work. Sweden haven't had this many homeless people for decades. This is not a society with moral standards anymore. Clearly skewed article.
  - deleted 14y ago
    [deleted]
  - sandstrom 14y ago
    You are right that crimes are up*, and theft seems to be one category that has increased[2]. Don't know whether it's because of economic differences though. That sick people aren't supported by the government and that cancer patients are being forced to look for work is a bit of an exaggeration. Also, I'd say the main point of the article isn't that Sweden is heaven. Rather, it's trying to highlight some things that has worked well in Sweden (and other Nordic countries), but the article also points out quite a few bad things. Sweden has many challenges ahead, and some things are worse nowadays compared to 20-30 years ago. Increased crime is certainly one of them. But, there are also things that have improved considerably, our debt is lower now than it used to be, we can still afford a public -- which I'm dearly happy for. I'd say the article is fairly balanced, but I'd prefer a more critical view on the privatisation of the public sector. Some things have turned out well, but many haven't. There is a Swedish expression for naive, 'blue eyed' -- that word sums up many of our recent privatisations. [1] http://upload.wikimedia.org/wikipedia/commons/7/7f/Anm%C3%A4lda_brott_1950-2005.svg http://upload.wikimedia.org/wikipedia/commons/7/7f/Anm%C3%A4... [2]: http://www.brottsrummet.se/sv/brott-och-statistik http://www.brottsrummet.se/sv/brott-och-statistik
    - stan_rogers 14y ago
      "Don't know whether it's because of economic differences though." Correlation may not imply causation, but it's a pretty good hint at the directions in which you might want to look before you eliminate them as causes. Disparity does seem to associate closely with a lot of social issues, including property crime—closely enough that it's probably unwise to ignore it.
    - subsystem 14y ago
      "our debt is lower now than it used to be" Public debt that is. Private debt is higher than ever [0]. [0] http://www.ekonomifakta.se/sv/Fakta/Ekonomi/Hushallens-ekonomi/Hushallens-skulder/ http://www.ekonomifakta.se/sv/Fakta/Ekonomi/Hushallens-ekono...
- MaysonL 14y ago
  Having read substantially past there, I would say "Don't bother." It is very much what Krugman would call "Very Serious Person"-speak.
- simonh 14y ago
  Magie wasn't voted into power over and over by 'the elite classes'. The fact is we had no credible alternative at the time. Michael Foot's Labour Party? Really? We still have fundamentally the same economy she built, and it's served us well. Thank goodness New labour had the good sense and survival instincts to essentially leave it well alone. Apart from bankrupting us of course, but hey, plus ça change.
  - dmpk2k 14y ago
    We still have fundamentally the same economy she built, and it's served us well. Has it? The manufacturing sector in the UK has been pretty thoroughly gutted.
    - mseebach 14y ago
      If the alternative to letting that sector fail was endless propping up in the pre-Thatcher sense, then yes, it's served Britain well. It's regrettable, but the alternative isn't too bright either.
  - rasur 14y ago
    Credible alternatives? Well, IIRC there was a Liberal party.. It's debatable that they would be considered credible, but an alternative they might have been, but then the voting system in place.. I leave it to the reader to decide if there is (or was) any actual chance of change.. Of course, you are right that the easily manipulated helped vote Magie (sic) in again, and I'm sure rousing support for a war never really helped the chances of the Conservatives in winning a second election (the Falklands "war" for those who do not remember the past). Nationalistic pride being what it is, of course. The economy she built up and which is still in place.. I'm not sure who the "us" to whom you refer actually is, and I'm not convinced about the degree of "wellness" that it has provided, but perhaps I'm just being overly cynical?
- mseebach 14y ago
  The pathological hate for even a simple mention of Thatcher prevalent in Britain is really quite amusing. When Thatcher took over in Britain, a big, sclerotic, hugely inefficient state was fait accompli. She slaughtered some holy cows and introduced significant reforms (which is all she's take to task for in the article). Was the alternative to these harsh reforms a land of milk and honey? The country was on the brink of bankruptcy (given ~30 years of deeply incompetent governance), something had to give. The fait accompli in the Nordics is that of a state that never stops growing in size. In Denmark, the political debate, even on the most nutty right-wing fringe, is limited to discussing limiting the rate of growth. The previous liberal prime minister actively boasted the high rate of growth in the public sector. This is a reflection on the voting population: A large majority of voters have a direct financial dependency on the state through employment or by being a benefits recipient.
  - reinhardt 14y ago
    the political debate, even on the most nutty right-wing fringe, is limited to discussing limiting the rate of growth. The previous liberal prime minister actively boasted the high rate of growth in the public sector. This is a reflection on the voting population: A large majority of voters have a direct financial dependency on the state through employment or by being a benefits recipient. I had to check twice that you are referring to Denmark and not Greece. I guess the crucial difference is the amount of corruption and tax evasion.
  - mc32 14y ago
    Not sure the there is a parallel in more than coincidence, but when Ed I Koch took over mayorship of New York City in the late 70s, the city was in financial ruin, on the verge of bankruptcy and the (north american) liberal (progressive) Koch also took deep cuts to quite a few sacred cows. These kinds of actions were one of the alternatives given the macroeconomic conditions --The UK had the whole post-Empire implosion psyche to deal with as well.
sheraz 14y ago
Christ, the Ecomonist is hammering HN this weekend. Are they in cahoots with The Atlantic?
- kmfrk 14y ago
  It's no wonder that people post all the articles in the Nordic feature, but I wonder how they consistently make it to the front page.
flexie 14y ago
Nina Schmidt, Danish professor in economics, calculated recently that every Danish baby girl born now, is expected to cost the government almost 300,000 dollars over her lifetime, and that every baby boy born, will contribute with merely 110,000 dollars. https://www.mm.dk/kvinder-er-en-underskudsforretning https://www.mm.dk/kvinder-er-en-underskudsforretning (in Danish). The Danish government is running huge deficits on the budget and it is hard to see how that will change in the coming years. Had it not been for the oil and gas in the North Sea, which peaked in 2004 and 2000 respectively, we would have been in a much worse situation. The Danish version of the Nordic model is not sustainable. Not sure how it is in the other Nordic countries.
- kmfrk 14y ago
  Norway aren't going to run out of their oil trust fund money any time soon. :)
- deleted 14y ago
  [deleted]
- mixmax 14y ago
  According to the CIA world factbook the projected budget deficit for Denmark in 2012 is 4%. In a recession that's not huge, it's very small. https://www.cia.gov/library/publications/the-world-factbook/geos/da.html https://www.cia.gov/library/publications/the-world-factbook/...
  - mseebach 14y ago
    It's going to get a lot worse over the next decade when the baby boomers begin retiring. All those 2020 plans you're constantly hearing about? Not a random date.
- fijal 14y ago
  How did you end up with 110k USD? GDP per person is ~56k (assuming 0% growth over lifetime), which means with danish taxes there is quite a bit over 100k USD contributed to the government on average. Your numbers sound incredibly fishy (and no, I don't read danish)
dimitar 14y ago
I started writing a comment about this article, but it got too big, read it here: http://lazyfairyecon.tumblr.com/post/42208462291/the-economist-magazine-no-analysis-and-cowardly http://lazyfairyecon.tumblr.com/post/42208462291/the-economi... tl;dr: The Economist magazine - no analysis and cowardly opinion. Centrism and charts without context instead
deleted 14y ago
[deleted]
mwc 14y ago
The full special report (1720 words) is a worthy read. http://www.economist.com/news/special-report/21570840-nordic-countries-are-reinventing-their-model-capitalism-says-adrian http://www.economist.com/news/special-report/21570840-nordic...
begurken 14y ago
But OH NOES, they are teh socialist!!11oneeleventy And we all know that socialism always fails because socialist governments go bankrupt; at least, that's what rags like the Economist have been telling me for the last 30 years. <sarc>This is why free-market, no-social-services USA has such a low public debt/GDP ratio, whereas quasi-socialist (public health: boo!) Australia has high debt/GDP, and socialist hell-holes like Denmark have off-the-scale debt/GDP ratios.</sarc> Just look at the numbers in my (highly debatable and somewhat cherry picked) loosely ranked list of least to most socialist countries. Debt to GDP ratios (2010) USA: 73% UK: 86.8% Australia: 30% Canada: 83% Germany: 82% Japan: 208% Finland: 49% Sweden: 38% Denmark: 46% Norway: 49% Singapore: 118.2% France: 86% DERP. Oh dear, the numbers appear to have little correlation with with how socialist the country is, but may be more related to how 'innovative' a country's banking sector is, how many 'state owned enterprises' there are, national demographics, corporate political capture, and how distorting the tax system is. Even the neo-liberals at the Economist are starting to understand that government provided social services, transport, health, and education aren't the primary factor that sends countries broke. Perhaps one day they'll notice the elephant in the room: the banking sector.
- Tloewald 14y ago
  2010 figures are a bit out of date given the deficits the US has been running (the US has risen over 100%). I think the Economist actually has noticed the banking sector (consider this invited column from 2010:http://www.economist.com/economics/by-invitation/guest-contributions/more_substantial_reform_needed http://www.economist.com/economics/by-invitation/guest-contr...). By and large, the shift in US politics to the right has the Economist looking like a left-of-Democrat newspaper these days. The idea that Obama is a "socialist" is, to anyone versed in a tiny bit of history or political science, laughable.
  - begurken 14y ago
    Indeed; thanks for the update on the US. I believe The Economist paid lip service to the role of the financial sector in the collapse; but that's mostly my opinion; as you say, they definitely covered it to some degree. At least they're apparently starting to realise that chanting "cut public services" over and over isn't the answer. One problem with the USA left-right false dichotomy is that when you pick a middle point between the Republicans and the Democrats, you end up with something that resembles no political party anywhere else (including in the USA's history); everyone else's right wing parties (and the Republicans in the past) resemble the Democrats or are even further 'left'. As far as I can tell, there's almost no difference between Obama and (for example) Reagan based on the left/right scale; yet US conservatives generally idolise Reagan and demonise Obama. It's bizarre.
noloqy 14y ago
It might be so that there's a lot of clever Swedes living in London, but as far as I know Stockholm has a rather strong entrepreneurial scene. In my view, the main reasons why a Swedish entrepreneur wouldn't settle in Sweden is because of the high expenses when it comes to housing and consumption; not because of a high tax rate or other directly politically controlled factors per se. Swedish entrepreneurs get many things in return as well. First of all, because the government covers most of the financing of studies, they don't get out of university with a significant study debt. This is great, because debt inhibits taking risks (i.e. becoming an entrepreneur.) Also, where most startups fail, an 'unfortunate' Swedish entrepreneur has a decent safety net he can count on. Providing the example that Sweden is cutting on its government expenditure, in order to convince readers of the idea that small government is good is just wrong. Due to the differences in welfare state, a baby born in Sweden has a much greater probability of having good prospects than a baby born in the US or the UK.
- subsystem 14y ago
  Yes, more or less. People who care about tax go to Malta. There's also a lot of Swedish entrepreneurs in Berlin and I'm not sure taxes are much lower there, but rents are.
sergiotapia 14y ago
Fifth post I've seen this week from the Economist and nordic countries' economy. What's the agenda? And what's with the astroturfing of articles here on HN?
Evbn 14y ago
Why did the mods remove the relevant context from the title?
oijaf888 14y ago
Isn't Skype from Estonia? Not from one of the Nordic countries they list?
- mseebach 14y ago
  From Wikipedia: "Skype was founded in 2003 by Janus Friis from Denmark and Niklas Zennström from Sweden. The Skype software was developed by Estonians Ahti Heinla, Priit Kasesalu, and Jaan Tallinn, who together with Friis and Zennström were also behind the peer-to-peer file sharing software Kazaa." All three countries lay claim to Skype, but the Skype main development centre (ie the juicy jobs) is (was? not sure after the sale to Microsoft) in Tallinn, and while Friis and Zennström met in Denmark, they'd moved to Amsterdam by the time they started work on Kazaa (from WP on Janus Friis).
VaedaStrike 14y ago
The Nordic Model is horrid in the long term. A better name would be the cut rose model. Take a demographic that has little more than one child per woman fertility rates, then, with per capita debt double what you have in the US achieve spectacularly glowing vital statistics (happy, healthy, literate people). Again you have almost two adults per child, their spending plus the spending of the state which, overall (despite recent belt tightening) is twice per capita what you have in the US. Throw in a culture that's been largely mono-ethnic and with a population level that looks like a single relatively small State in the US and you have something that looks pretty right now but is completely unsustainable and will collapse a la Greece or worse as the present demographic of youth come into the workforce with massive debt obligations yet with none of the options their parents had.

74 points by pappyo 14y ago

rasur 14y ago

Leading the article with Britain under Thatcher as - presumably - a good example (of Government reform).. Not their brightest move to anyone British that grew up in the 80's and not in the "elite" classes. I was not compelled to read further, which is a pity, since the Economist can have some quite incisive articles sometimes. But then again, I guess I'm not their target audience. I'll try and read it again, once I've stopped gnashing my teeth :/

antonapa 14y ago
As a Swede that's seen the change of the country growing up I couldn't stand this propagandic piece of nonsense. This article is clearly a right-wing view on what makes a country prosper. Crime is up mainly because economic differences are bigger now than ever before in my lifetime. My children are going to grow up in a country fixated on doing budget cuts in the government spending. Sick people are no-longer supported by the government and cancer patients are being forced to look for work. Sweden haven't had this many homeless people for decades. This is not a society with moral standards anymore. Clearly skewed article.
- deleted 14y ago
  [deleted]
- sandstrom 14y ago
  You are right that crimes are up*, and theft seems to be one category that has increased[2]. Don't know whether it's because of economic differences though. That sick people aren't supported by the government and that cancer patients are being forced to look for work is a bit of an exaggeration. Also, I'd say the main point of the article isn't that Sweden is heaven. Rather, it's trying to highlight some things that has worked well in Sweden (and other Nordic countries), but the article also points out quite a few bad things. Sweden has many challenges ahead, and some things are worse nowadays compared to 20-30 years ago. Increased crime is certainly one of them. But, there are also things that have improved considerably, our debt is lower now than it used to be, we can still afford a public -- which I'm dearly happy for. I'd say the article is fairly balanced, but I'd prefer a more critical view on the privatisation of the public sector. Some things have turned out well, but many haven't. There is a Swedish expression for naive, 'blue eyed' -- that word sums up many of our recent privatisations. [1] http://upload.wikimedia.org/wikipedia/commons/7/7f/Anm%C3%A4lda_brott_1950-2005.svg http://upload.wikimedia.org/wikipedia/commons/7/7f/Anm%C3%A4... [2]: http://www.brottsrummet.se/sv/brott-och-statistik http://www.brottsrummet.se/sv/brott-och-statistik
  - stan_rogers 14y ago
    "Don't know whether it's because of economic differences though." Correlation may not imply causation, but it's a pretty good hint at the directions in which you might want to look before you eliminate them as causes. Disparity does seem to associate closely with a lot of social issues, including property crime—closely enough that it's probably unwise to ignore it.
  - subsystem 14y ago
    "our debt is lower now than it used to be" Public debt that is. Private debt is higher than ever [0]. [0] http://www.ekonomifakta.se/sv/Fakta/Ekonomi/Hushallens-ekonomi/Hushallens-skulder/ http://www.ekonomifakta.se/sv/Fakta/Ekonomi/Hushallens-ekono...
MaysonL 14y ago
Having read substantially past there, I would say "Don't bother." It is very much what Krugman would call "Very Serious Person"-speak.
simonh 14y ago
Magie wasn't voted into power over and over by 'the elite classes'. The fact is we had no credible alternative at the time. Michael Foot's Labour Party? Really? We still have fundamentally the same economy she built, and it's served us well. Thank goodness New labour had the good sense and survival instincts to essentially leave it well alone. Apart from bankrupting us of course, but hey, plus ça change.
- dmpk2k 14y ago
  We still have fundamentally the same economy she built, and it's served us well. Has it? The manufacturing sector in the UK has been pretty thoroughly gutted.
  - mseebach 14y ago
    If the alternative to letting that sector fail was endless propping up in the pre-Thatcher sense, then yes, it's served Britain well. It's regrettable, but the alternative isn't too bright either.
- rasur 14y ago
  Credible alternatives? Well, IIRC there was a Liberal party.. It's debatable that they would be considered credible, but an alternative they might have been, but then the voting system in place.. I leave it to the reader to decide if there is (or was) any actual chance of change.. Of course, you are right that the easily manipulated helped vote Magie (sic) in again, and I'm sure rousing support for a war never really helped the chances of the Conservatives in winning a second election (the Falklands "war" for those who do not remember the past). Nationalistic pride being what it is, of course. The economy she built up and which is still in place.. I'm not sure who the "us" to whom you refer actually is, and I'm not convinced about the degree of "wellness" that it has provided, but perhaps I'm just being overly cynical?
mseebach 14y ago
The pathological hate for even a simple mention of Thatcher prevalent in Britain is really quite amusing. When Thatcher took over in Britain, a big, sclerotic, hugely inefficient state was fait accompli. She slaughtered some holy cows and introduced significant reforms (which is all she's take to task for in the article). Was the alternative to these harsh reforms a land of milk and honey? The country was on the brink of bankruptcy (given ~30 years of deeply incompetent governance), something had to give. The fait accompli in the Nordics is that of a state that never stops growing in size. In Denmark, the political debate, even on the most nutty right-wing fringe, is limited to discussing limiting the rate of growth. The previous liberal prime minister actively boasted the high rate of growth in the public sector. This is a reflection on the voting population: A large majority of voters have a direct financial dependency on the state through employment or by being a benefits recipient.
- reinhardt 14y ago
  the political debate, even on the most nutty right-wing fringe, is limited to discussing limiting the rate of growth. The previous liberal prime minister actively boasted the high rate of growth in the public sector. This is a reflection on the voting population: A large majority of voters have a direct financial dependency on the state through employment or by being a benefits recipient. I had to check twice that you are referring to Denmark and not Greece. I guess the crucial difference is the amount of corruption and tax evasion.
- mc32 14y ago
  Not sure the there is a parallel in more than coincidence, but when Ed I Koch took over mayorship of New York City in the late 70s, the city was in financial ruin, on the verge of bankruptcy and the (north american) liberal (progressive) Koch also took deep cuts to quite a few sacred cows. These kinds of actions were one of the alternatives given the macroeconomic conditions --The UK had the whole post-Empire implosion psyche to deal with as well.

sheraz 14y ago

Christ, the Ecomonist is hammering HN this weekend. Are they in cahoots with The Atlantic?

kmfrk 14y ago
It's no wonder that people post all the articles in the Nordic feature, but I wonder how they consistently make it to the front page.

flexie 14y ago

Nina Schmidt, Danish professor in economics, calculated recently that every Danish baby girl born now, is expected to cost the government almost 300,000 dollars over her lifetime, and that every baby boy born, will contribute with merely 110,000 dollars. https://www.mm.dk/kvinder-er-en-underskudsforretning https://www.mm.dk/kvinder-er-en-underskudsforretning (in Danish). The Danish government is running huge deficits on the budget and it is hard to see how that will change in the coming years. Had it not been for the oil and gas in the North Sea, which peaked in 2004 and 2000 respectively, we would have been in a much worse situation. The Danish version of the Nordic model is not sustainable. Not sure how it is in the other Nordic countries.

kmfrk 14y ago
Norway aren't going to run out of their oil trust fund money any time soon. :)
deleted 14y ago
[deleted]
mixmax 14y ago
According to the CIA world factbook the projected budget deficit for Denmark in 2012 is 4%. In a recession that's not huge, it's very small. https://www.cia.gov/library/publications/the-world-factbook/geos/da.html https://www.cia.gov/library/publications/the-world-factbook/...
- mseebach 14y ago
  It's going to get a lot worse over the next decade when the baby boomers begin retiring. All those 2020 plans you're constantly hearing about? Not a random date.
fijal 14y ago
How did you end up with 110k USD? GDP per person is ~56k (assuming 0% growth over lifetime), which means with danish taxes there is quite a bit over 100k USD contributed to the government on average. Your numbers sound incredibly fishy (and no, I don't read danish)

dimitar 14y ago

I started writing a comment about this article, but it got too big, read it here: http://lazyfairyecon.tumblr.com/post/42208462291/the-economist-magazine-no-analysis-and-cowardly http://lazyfairyecon.tumblr.com/post/42208462291/the-economi... tl;dr: The Economist magazine - no analysis and cowardly opinion. Centrism and charts without context instead

deleted 14y ago

[deleted]

mwc 14y ago

The full special report (1720 words) is a worthy read. http://www.economist.com/news/special-report/21570840-nordic-countries-are-reinventing-their-model-capitalism-says-adrian http://www.economist.com/news/special-report/21570840-nordic...

begurken 14y ago

But OH NOES, they are teh socialist!!11oneeleventy And we all know that socialism always fails because socialist governments go bankrupt; at least, that's what rags like the Economist have been telling me for the last 30 years. <sarc>This is why free-market, no-social-services USA has such a low public debt/GDP ratio, whereas quasi-socialist (public health: boo!) Australia has high debt/GDP, and socialist hell-holes like Denmark have off-the-scale debt/GDP ratios.</sarc> Just look at the numbers in my (highly debatable and somewhat cherry picked) loosely ranked list of least to most socialist countries. Debt to GDP ratios (2010) USA: 73% UK: 86.8% Australia: 30% Canada: 83% Germany: 82% Japan: 208% Finland: 49% Sweden: 38% Denmark: 46% Norway: 49% Singapore: 118.2% France: 86% DERP. Oh dear, the numbers appear to have little correlation with with how socialist the country is, but may be more related to how 'innovative' a country's banking sector is, how many 'state owned enterprises' there are, national demographics, corporate political capture, and how distorting the tax system is. Even the neo-liberals at the Economist are starting to understand that government provided social services, transport, health, and education aren't the primary factor that sends countries broke. Perhaps one day they'll notice the elephant in the room: the banking sector.

Tloewald 14y ago
2010 figures are a bit out of date given the deficits the US has been running (the US has risen over 100%). I think the Economist actually has noticed the banking sector (consider this invited column from 2010:http://www.economist.com/economics/by-invitation/guest-contributions/more_substantial_reform_needed http://www.economist.com/economics/by-invitation/guest-contr...). By and large, the shift in US politics to the right has the Economist looking like a left-of-Democrat newspaper these days. The idea that Obama is a "socialist" is, to anyone versed in a tiny bit of history or political science, laughable.
- begurken 14y ago
  Indeed; thanks for the update on the US. I believe The Economist paid lip service to the role of the financial sector in the collapse; but that's mostly my opinion; as you say, they definitely covered it to some degree. At least they're apparently starting to realise that chanting "cut public services" over and over isn't the answer. One problem with the USA left-right false dichotomy is that when you pick a middle point between the Republicans and the Democrats, you end up with something that resembles no political party anywhere else (including in the USA's history); everyone else's right wing parties (and the Republicans in the past) resemble the Democrats or are even further 'left'. As far as I can tell, there's almost no difference between Obama and (for example) Reagan based on the left/right scale; yet US conservatives generally idolise Reagan and demonise Obama. It's bizarre.

noloqy 14y ago

It might be so that there's a lot of clever Swedes living in London, but as far as I know Stockholm has a rather strong entrepreneurial scene. In my view, the main reasons why a Swedish entrepreneur wouldn't settle in Sweden is because of the high expenses when it comes to housing and consumption; not because of a high tax rate or other directly politically controlled factors per se. Swedish entrepreneurs get many things in return as well. First of all, because the government covers most of the financing of studies, they don't get out of university with a significant study debt. This is great, because debt inhibits taking risks (i.e. becoming an entrepreneur.) Also, where most startups fail, an 'unfortunate' Swedish entrepreneur has a decent safety net he can count on. Providing the example that Sweden is cutting on its government expenditure, in order to convince readers of the idea that small government is good is just wrong. Due to the differences in welfare state, a baby born in Sweden has a much greater probability of having good prospects than a baby born in the US or the UK.

subsystem 14y ago
Yes, more or less. People who care about tax go to Malta. There's also a lot of Swedish entrepreneurs in Berlin and I'm not sure taxes are much lower there, but rents are.

sergiotapia 14y ago

Fifth post I've seen this week from the Economist and nordic countries' economy. What's the agenda? And what's with the astroturfing of articles here on HN?

Evbn 14y ago

Why did the mods remove the relevant context from the title?

oijaf888 14y ago

Isn't Skype from Estonia? Not from one of the Nordic countries they list?

mseebach 14y ago
From Wikipedia: "Skype was founded in 2003 by Janus Friis from Denmark and Niklas Zennström from Sweden. The Skype software was developed by Estonians Ahti Heinla, Priit Kasesalu, and Jaan Tallinn, who together with Friis and Zennström were also behind the peer-to-peer file sharing software Kazaa." All three countries lay claim to Skype, but the Skype main development centre (ie the juicy jobs) is (was? not sure after the sale to Microsoft) in Tallinn, and while Friis and Zennström met in Denmark, they'd moved to Amsterdam by the time they started work on Kazaa (from WP on Janus Friis).

VaedaStrike 14y ago

The Nordic Model is horrid in the long term. A better name would be the cut rose model. Take a demographic that has little more than one child per woman fertility rates, then, with per capita debt double what you have in the US achieve spectacularly glowing vital statistics (happy, healthy, literate people). Again you have almost two adults per child, their spending plus the spending of the state which, overall (despite recent belt tightening) is twice per capita what you have in the US. Throw in a culture that's been largely mono-ethnic and with a population level that looks like a single relatively small State in the US and you have something that looks pretty right now but is completely unsustainable and will collapse a la Greece or worse as the present demographic of youth come into the workforce with massive debt obligations yet with none of the options their parents had.