Nah, Nordic model is not a good choice. It's all fine to drill some oil, collect a lot of taxes and give that money away to people as welfare, while enjoying innovations produced by evil liberal capitalists.
I can't think of anything advanced after Nokia that is built in Scandinavian countries. No cars (Saab is dead, Volvo is sold to Chinese), no microelectronics, no innovative drugs. To be fair, they have IKEA and LEGO, but this is not what makes humanity progress.
I feel there is a lot of options on the left spectrum that is less radical but still beneficial for broad population. Think France or Germany as an example.
No innovative drugs? Wegovy is made by Novo Nordisk.
Novo is the most valuable company in Europe and 16th in the world
I stand corrected on this one.
Unity engine is also of Danish origin
So we do have a few large innovative companies 🙂
Props for being willing to say this.
Exactly, by a team not just one genius CEO doing all that by staying up late in their lab all night pushing KPI limits, spread those rewards around now.!?
You can innovate and have social programs. Look at the riots happening in the UK, if those people had social programs which weren’t gutted or made inefficient by their hostile government then their communities wouldn’t be getting shafted by poverty or health issues and blaming it on immigrants
FYI, I am yet to have anyone give me a reasonable justification for why CEO pay is multimillion or billions. No one person or CEO is providing that much value to society, and in fact from what we’ve seen concentrating that much wealth into a few places just ends up creating a mess
I'm not saying you cannot have both. I'm saying that US and Nordic countries are like on opposing poles of economical systems spectrum. And in my opinion the better options are somewhere in the middle.
Yeah, CEO salaries are often outrageous. Wealth taxes should be implemented to curb that, and not just high bracket income taxes.
Hmmm, not really? It seems the Nordics are exactly the middle sweet spot of globalization and social welfare
It would be nice if you can elaborate what you mean?
That's what I love Lemmy for - a new perspective (and down votes, of course). Thanks for the link, it's an interesting read. I also looked up details on their taxation system and it's not that crazy, especially on business side. If someone wants it, here is the link to the article which compares Nordic countries tax system to US: https://taxfoundation.org/blog/scandinavian-social-programs-taxes-2023/
It seems that my opinion about lack of innovation was caused by me not knowing or hearing about big names of Nordic companies. No Scandinavian Apples or Googles around.
But as much as I enjoyed this conversation, I feel we have ventured way too far from Tim Walz...
Nah, Nordic model is not a good choice. It's all fine to drill some oil, collect a lot of taxes and give that money away to people as welfare, while enjoying innovations produced by evil liberal capitalists.
I can't think of anything advanced after Nokia that is built in Scandinavian countries. No cars (Saab is dead, Volvo is sold to Chinese), no microelectronics, no innovative drugs. To be fair, they have IKEA and LEGO, but this is not what makes humanity progress.
I feel there is a lot of options on the left spectrum that is less radical but still beneficial for broad population. Think France or Germany as an example.
No innovative drugs? Wegovy is made by Novo Nordisk.
Novo is the most valuable company in Europe and 16th in the world
I stand corrected on this one.
Unity engine is also of Danish origin
So we do have a few large innovative companies 🙂
Props for being willing to say this.
Exactly, by a team not just one genius CEO doing all that by staying up late in their lab all night pushing KPI limits, spread those rewards around now.!?
You can innovate and have social programs. Look at the riots happening in the UK, if those people had social programs which weren’t gutted or made inefficient by their hostile government then their communities wouldn’t be getting shafted by poverty or health issues and blaming it on immigrants
FYI, I am yet to have anyone give me a reasonable justification for why CEO pay is multimillion or billions. No one person or CEO is providing that much value to society, and in fact from what we’ve seen concentrating that much wealth into a few places just ends up creating a mess
I'm not saying you cannot have both. I'm saying that US and Nordic countries are like on opposing poles of economical systems spectrum. And in my opinion the better options are somewhere in the middle.
Yeah, CEO salaries are often outrageous. Wealth taxes should be implemented to curb that, and not just high bracket income taxes.
Hmmm, not really? It seems the Nordics are exactly the middle sweet spot of globalization and social welfare
I am not the only one saying this though, https://www.weforum.org/agenda/2020/01/the-new-nordic-model/
It would be nice if you can elaborate what you mean?
That's what I love Lemmy for - a new perspective (and down votes, of course). Thanks for the link, it's an interesting read. I also looked up details on their taxation system and it's not that crazy, especially on business side. If someone wants it, here is the link to the article which compares Nordic countries tax system to US: https://taxfoundation.org/blog/scandinavian-social-programs-taxes-2023/
It seems that my opinion about lack of innovation was caused by me not knowing or hearing about big names of Nordic companies. No Scandinavian Apples or Googles around.
But as much as I enjoyed this conversation, I feel we have ventured way too far from Tim Walz...