i totally wish we had this:
The
Nordic model (or
Nordic capitalism or
Nordic social democracy) refers to the economic and social
models of the
Nordic countries (Denmark, Finland, Norway, Iceland, Greenland, Faroe Islands and Sweden), which involves the combination of a free market economy with a welfare state.
also:
The Nordic model is described as a system of competitive capitalism combined with a large
public sector (roughly 30% of the work force).
[6] In 2013,
The Economist described its countries as "stout free-traders who resist the temptation to intervene even to protect iconic companies" while also looking for ways to temper capitalism’s harsher effects, and declared that the Nordic countries "are probably the best-governed in the world."
[6][7] The Nordic combination of extensive public provision of
welfare and a culture of
individualism has been described by Lars Trägårdh, of
Ersta Sköndal University College, as "
statist individualism."
[6] Some economists have referred to the Nordic economic model as a form of "cuddly" capitalism, with low levels of inequality, generous welfare states and reduced concentration of top incomes, and contrast it with the more "cut-throat" capitalism of the
United States, which has high levels of inequality and
a larger concentration of top incomes.
[8][9]
The Nordic model, however, is not a single identical set of policies and rules in every country; each of the Nordic countries has its own economic and social models, sometimes with large differences from its neighbors.
[10] While Sweden's
neoliberal reforms
[11][12] have reduced the role of the public sector over the last decades, and saw the fastest growth in inequality of any
OECD economy,
[13] Sweden's income inequality still remains lower than most other countries'.
[14]
