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Reply to "Which is better capitalism or socialism?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The question is what country would you hold up as the "gold standard" for the mix of capitalism and socialism. Denmark is often voted the happiest and best country. You have high taxes, but free healthcare, free college, nearly free childcare, etc. [b]However, you don't have many start-ups/entrepreneurial companies from Denmark.[/b] Someone once said...what is important in life like healthcare, education, childcare, elder care is affordable in a place like Denmark, while in the US all the non-essentials (electronics, furniture, etc.) are cheap but the important stuff is very expensive. What I don't understand is why people in the US can't accept socialized medicine. For some reason, everyone is fine with Medicare, but freaks out if you were to expand Medicare to people below 65. People don't want to pay high taxes, yet health insurance premiums are basically a tax...so we already pay taxes. On the corporate side...why does my company have to understand and offer health plans to people? It makes no sense...we don't have to figure out auto or homeowners or other insurance. It is far better on the corporate side to just pay a tax or give employees a raise and get out of the business of figuring out healthcare. I just don't get that.[/quote] Ozempic and Wygovy came from Denmark. Novo Nordisk is one of the most valuable companies on the planet. Denmark is a tiny country that hits way above its weight class on patents and startups per capita.[/quote] That's one company...also, it is the merger of two companies, one of which was founded in 1925 and the other in 1951. At least Sweden has Spotify. There is not a single company from Denmark that compares to Google, FB, Amazon, Apple, Nvidia, Netflix, etc. Companies that didn't exist 30 years ago and now are in the Top 10 in the world in market capitalization. I am not knocking Denmark, but you do trade-off a robust start-up ecosystem for one that tends to benefit established players.[/quote]
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