

Things are pretty good here in Denmark. We rank higher than the U.S. in ease of doing business, and our economy is strong. This means good wages and low rates of poverty. Americans are surprised to learn that we don’t even have a minimum wage. It’s also very easy to fire people, unlike most of our European neighbours. On the other hand, we have strong social safety nets to catch people if they are fired, and give them enough time to find a new job. We also have universal healthcare, meaning no one is desperate to remain in a bad workplace to keep their health insurance. This levels the bargaining power between employers and employees, and results in much fairer workplaces and wages.
I think the best combination for prosperity is pretty clear: a strong, dynamic economy with low regulations and a strong work ethic; and an expansive social safety net paid for by high taxes. For the record, other nations I think are doing pretty well right now include Norway, the Netherlands, Switzerland, Australia, and Singapore. This is not to say those nations have no problems. Of course they do. I mean that in aggregate, when we look at the many factors which produce prosperous societies, these countries are doing well right now, and have positioned themselves to continue doing well into the future. I will also add that I think many places in the U.S. continue to be great places to live with excellent economic prospects. Say what you will about the president, but the U.S. is a huge and diverse place. It’s full of bright entrepreneurs.


Are you making a technical point of contention on a specific case, or broadly disagreeing? Germany’s social services are as expansive as they are expensive.