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by vacri
3420 days ago
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> But hey, since 40 years of social democracy has failed, let's keep doubling down and giving people more "free" money. ... you mean the countries with the highest quality-of-life measures? The Scandanavian nations, Canada, Australia, NZ, all of which have vibrant economies, high average wages, and strong middle classes? The US with their pathological fear of their own government is not what I'd use as a particularly characteristic example of social democracy. |
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Europe and Canada have seen stagnant wage and economic growth since adopting social democracy. What are you basing your claim that these policies are working on? I strongly advise you to stop assuming that what you're told by the media and echo chambers on the internet is correct, and actually do research on these issues, by looking at statistics.
Social democracy has not worked in Scandinavia. The author of Scandinavian Unexceptionalism explains how it has harmed Sweden:
"From 1870 until 1970, Sweden was a free market success story. Sweden had the highest growth rate in the industrialized world. .. [After taxes were raised in the late 60s and 70s] Sweden stagnated":
https://youtu.be/D0hnA341AWE?t=5m23s
Sweden was the 3rd wealthiest country in the world in 1968. After it created a massive welfare state in the 1970s and 80s, its growth stagnated, and by 1991, it was 17th highest income country in the world.
Other important facts:
http://iea.org.uk/sites/default/files/publications/files/San...
• Scandinavia is often cited as having high life expectancy and good health outcomes in areas such as infant mortality. Again, this predates the expansion of the welfare state. In 1960, Norway had the highest life expectancy in the OECD, followed by Sweden, Iceland and Denmark in third, fourth and fifth positions. By 2005, the gap in life expectancy between Scandinavian countries and both the UK and the US had shrunk considerably. Iceland, with a moderately sized welfare sector, has over time outpaced the four major Scandinavian countries in terms of life expectancy and infant mortality.
• Scandinavia’s more equal societies also developed well before the welfare states expanded. Income inequality reduced dramatically during the last three decades of the 19th century and during the first half of the 20th century. Indeed, most of the shift towards greater equality happened before the introduction of a large public sector and high taxes.
If you want a more equal society, you need a more free market. It is regulatory prohibitions (anti-free-market policy) on economic activity that are contributing to growing income disparity:
"Make elites compete: Why the 1% earn so much and what to do about it":
http://www.brookings.edu/blogs/social-mobility-memos/posts/2...
>The US with their pathological fear of their own government is not what I'd use as a particularly characteristic example of social democracy.
By every broad-based objective measure, the scale of forcible income redistribution has massively increased in relative and absolute terms in the US. The raw statistics show that the US has by every objective measure moved drastically in the direction of social democracy over the last 40 years. The same applies to every other major Western economy.