Monday, November 2, 2015

Denmark President says his country is a "market economy" not "socialist"

[Editor's Note: Reality Check: Denmark's economy is a mixed economy -- a mix of government intervention and free-markets -- that has a single-payer health care system, while the U.S. has a heavily interventionist and highly regulated health care system.]

Vox reports Denmark's prime minister attempt to set Bernie Sanders straight on what kind of economy his country is:
"I know that some people in the US associate the Nordic model with some sort of socialism," he said, "therefore I would like to make one thing clear. Denmark is far from a socialist planned economy. Denmark is a market economy."
In Rasmussen's view, "the Nordic model is an expanded welfare state which provides a high level of security to its citizens, but it is also a successful market economy with much freedom to pursue your dreams and live your life as you wish."
Matthew Yglesias goes on to say that the Denmark official's comments aren't substantially different from Bernie Sanders. He says that Denmark has a single-payer healthcare system, which is what Sanders advocates.

Tom Wood's new book "Bernie Sanders is Wrong" offers an interesting corrective on this point. In the second chapter on Denmark, and in the first chapter on Sweden, there is detail about how these socialist countries actually started out with more laissez faire economies than there are now.

Read in detail. Click the link below.

Click the link. Direct link!!!

Get a free E-book on Bernie Sanders here.

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