The Secrect of Denmark’s Success

Mark-Littlewood-009Mark Littlewood, director-general of the Institute of Economic Affairs in the UK, was recently in Denmark for Europe Liberty Forum and found out that "The Danish success story is not based on the sort of high-tax, high-spend approach that many outsiders would have you believe. Underpinning Denmark’s record as a successful economy is a solid foundation as a free-trading, liberalised market economy."

He tells us:

"So the growth of welfarism coincided with a slowing of Danish success, not a super-charging of it. But the country still had a substantial number of free-market foundations to fall back on.

"According to the Fraser Institute’s Freedom Index, Denmark has sounder money, less regulation and better respect for private property rights than the UK. There is no statutory minimum wage and there are few restrictions on hiring and firing employees. Its health system requires a range of co-payments and about 40 per cent of Danes have private health insurance, more than six times as high as in Britain. Denmark has a thriving private school sector, financed through a voucher system. A report by the Organisation for Economic Co-operation and Development in 1995 noted that the Danes believe that “the free choice of school and education is of central importance to a well-functioning education system”…"

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This push by the left to make people believe the Scandanavian countries of Denmark and Sweden are progressive utopias is a false narrative.

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