The Danish economist in yesterday's video clarified "Danish socialism" for us and we can learn from it. We hear in the U.S. that Denmark is socialist; but he, both a citizen and a professional, says that Denmark is not socialist.
What does he mean by that?
First he confirms that his country does have two key features that socialists like: high taxes and high government spending. The Danes pay "oodles of taxes in return for oodles of benefits."
Then he identifies two anti-socialist features of his country: strong protection of private property rights (the little guy in the image below is trying to protect his home from the heavy hand of government), and very little red tape to hold you back if you want to start a business.
Except for the first two features above, he says, Denmark is a "full-on, free market, capitalist country."
(cont'd tomorrow)
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