Comments on: It Came From the Swamp http://libertarianstandard.com/2010/09/01/it-came-from-the-swamp/ Property - Prosperity - Peace Sat, 09 May 2015 08:06:55 +0000 hourly 1 https://wordpress.org/?v=4.5.2 By: Project 59 http://libertarianstandard.com/2010/09/01/it-came-from-the-swamp/#comment-988 Thu, 02 Sep 2010 07:13:48 +0000 http://libertarianstandard.com/?p=4901#comment-988 I am not impressed and rather disappointed in this article. Mr. Grussman also talked to the LvM Institute and in my this is a sadly American-centric view. Sure, the Scandinavians are more “socialist” than Americans and certainly it is correct to say that it will bite them sooner or later… just like socialism is starting to creep into the USA with bail-outs and nationalised healthcare with obviously negative outcomes to be expected… but compared to the rest of the world, the USA and Scandinavia are still examples of what great living standards you get when you apply CAPITALIST principles. See my article on this topic earlier this year at http://www.freemarketfoundation.com. When only 15 countries top Finland in both Economic Freedom Indeces, you don’t get much more capitalist than that… and it is because of this high level of economic freedom that the Finns get to live to the age of 70. Sure, they have higher taxes than the rest of Europe and North America, but that is only one measure of economic freedom. Now please compare the Finnish watered-down quasi-socialism to the REST OF THE WORLD who are LOWER than position 16 or 17 on the economic freedom index. If you want to see REAL socialism, come to Africa where people don’t get to live to the age of 45 and where governments engage in corruption, taxation and central planning not seen in Europe or Scandinavia since 1945. Want to see deficit spending and fiat money gone wrong ? Look at Zimbabwe. Want to see how public healthcare fails ? Look at Mali or Ivory Coast. Think your education system is screwed up by government meddling ? Have a look at South Africa. The Finns certainly have reason to complain… but only in a very limited sense and only relative to 15 other countries (including the USA). It is like a rich man complaining about the effect of the economic downturn on the quality of his caviar and champaign. Compared to the other 240-odd countries on this planet, it is simply incorrect. To the rest of the world, Finland is like Newsweek said – a great place to live. There is also no denying that this greatness was brought about primarily by their relatively capitalist / free market policies. That might not be the case when compared to the USA or Hong Kong, but to the other 95% of this planet, they are a great example of what freedom can do for a place in terms of living standards.

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