Denmark
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There's something rotten in Denmark, at least if all the rumors and plays are to be believed.
Denmark : 2 items
Denmark and Socialism -
- (a) Denmark is ranked one of the free'est market economies in the world with less taxes/regulations on business than the U.S.
- (b) they have strongest protections of individual property rights in the world (the opposite of Socialism)
- (c) no minimum wage laws
- (d) They aren't wealthy because they're Socialist (or have wealth redistribution): they became wealthy, then became a welfare state (not the other way around),
- (e) then their rate of growth flattened because of the burdens of the welfare state: their policies slowed the rise in wealth of their people. Without it, they'd likely be doing better.
- (f) and there was backlash from the debt and inefficient government spending, and they started privatizing things like their Social Security, Healthcare, and even education.
So while Denmark does have absurdly high burdens (taxes), and they blow it on social spending, they don't control the means of production, or they would have collapsed long ago. Because of those policies, they live much smaller, and have much weaker purchasing power than the average American. And even those systems they did socialize a bit, are only succeeding, because there's private variants that are better, to offload the failing public variants. Otherwise, they'd be the Venezuela of Europe.
2019.08.21 Buying Greenland, dissing Denmark - Trump floated the idea of buying Greenland. Denmark said, "it's not for sale". And Trump cancelled a visit to Denmark, saying that basically freed up some time on his schedule. The #NeverTrumpers all raged that this was disrespectful to an ally and assumed the worst of Trump. The problem is that we don't know the context, and the FakeNews never did their jobs to try to find out. I can believe Trump was just having a hissy about being rebuffed... but it seems at least as likely that NYT/CNN/WaPo were going off half-cocked, again, and there might be more to the story (like "Hands up, don't shoot"). My left of center friends all raged at what a dumb idea it was, because CNN/NYT/WaPo told them so... not one of them was informed that Russia and China had both made plays for bases there in the past, and that would make a new Cuban Missile crisis on a much bigger scale. Or that it has many great natural resources that make it valuable, and under utilized.
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