The Reality of Socialism: Denmark | Mini-Documentary

The Wall St. Journal’s Mary O’Grady, along with Fraser Institute Senior Fellows Steven Globerman and Matthew Mitchell, explore the reality of socialism in Denmark.

Despite what some people claim, Denmark has a long history of embracing competitive markets, free trade, and limited government. And while Denmark did experiment with socialist policies, including significantly larger government, from the 1970s to 1990s, that ended in crisis in the mid-1990s when the country was beset by high unemployment and soaring inflation.

To course correct, the Danish government reduced government spending, balanced its budget, and paid down the large debts it had incurred in the previous decades. Denmark maintains a larger welfare state than many other western countries, but it pays for this welfare state with higher taxes levied on average Danes.

This video is part of a new multimedia project, The Realities of Socialism, by the Fraser Institute in Canada, the Institute of Economic Affairs in the UK, the Institute of Public Affairs in Australia and the Fund for American Studies in the U.S.

[dakarimane]

"The Fraser Institute is public policy think-tank."

[LeanderMr]

Well tbh this ´´crisis´´ was not contained to Denmark, but affected all of the western world. I am not a big fan of large scale socialism, but this is distorted/biased.

It is like saying the great depression was caused by socialism because 1 affected country had a larger degree of socialism.

[claudedolorossa]

this report is crap - nowhere near whats going on in denmark...

[jtm]

Missleading. Show graphs of the same period. Looks like they are trying to find basis for own bias in statistics.

[Cy]

There was a little thing called the Oil Shocks 😂

[marieuglemoes]

We Are rich and we don't struggel 😂

[mikkelfindandersen]

Absolute nonsense! Take it from a dane! In 1957 a danisk middleclass citizen had 1/5 of the wealth of his american fellow. In 2000 they were equal and since then danes have passed by americans. Free medical aid, free education, 5 weeks annual paid holiday, 1 year of maternal/pasternal leave for every child born. Very low unemployment rate and support for all poor people. Take that! Calling danish socialism a failure is a complete lie!

[TheDanishGuy]

Guys dont belive in this. Sure if u look at socialism at this time t was kinda bad in denmark.

But we are still a socialist country, and one of the best economyes in the world - while also being the 2nd happiest country

[hospitalsgivingpatientsdan]

IF YOU DO NOT LEARN FROM HISTORY NOTHING WILL SAVE YOU 🎉🎉🎉

[christoffer]

Well take the graphs now then we chilling

[DRS]

how 'bout that comment section? hahaha

[hospitalsgivingpatientsdan]

THIS WHAT HAPPENS WHEN YOU DO NOT INCENTIVISE AND REWARD HARD WORK