German that moved to DK last year to work for one of the large companies you named here. I have mixed feelings about Denmark. You are completely right about the "Tall Poppy Syndrome" being a prevalent demotivating factor here. I would add to it the "consensus based decision making" that you will generally find throughout the nordics. This is often slow and inefficient. It seems to be based in the belief that everybody is equal and that the collective stands above the individual. A lot of the smaller companies do not grow beyond around 50 employees due to the resulting flat organizational structures. Positively, it is certainly a very child-friendly place. Maybe you have seen unattended strollers (with babies in them) outside of restaurants and cafes. Parents will go check on the children every once in a while. This is a good example of how much of a high trust society it still is. Interestingly, all the parental leave programs, work-life balance and generally understanding towards parents in the workplace do not seem to translate into higher birth rates, as they are well below replacement levels. The way I see it, is that lower and middle class people are better off in DK vs the US (not surprisingly) and can live a good, not to stressful life. As you progress towards the higher brackets of socio-economic status however, living here becomes less and less attractive unless you are deeply rooted through strong family ties and so on. We will stay here for a few years and then move on.
I simply dont believe organization structure has anything to do with a limit of growth beyond 50 employees But simply the fact that capital cost due to high marginal tax on capital are at 42% So it is expensive to require the capital to grow. So a matter of choice of government. Many companies simply move to Sweden or an IPO in London when taking off. Stupid policy, but that is how socialists think
Unfortunately it's not really a child friendly place, because everyone sees children as an expense to society. And they think they have the right to dictate the lives of the parents. That's why Nordic people are committing collective suicide. Having children in the Nordic countries just is not worth the loss of freedom or all the shit you get from other people
As a Swede In my opinion Denmark is the best country in the world because they pull off the Nordic model in the best way. Norway is kinda nice to, but they are more lucky and Denmark is more skill.
If you spend time in Dk like I have. You'll quickly learn it's all down to dumb luck and sheer naive perseverance. Only difference is, the danes are alot more stubborn then the rest of us nordics.
@@AFNick - here is a small course in Danish politics. As a Dane: - I am not allowed to vote or to be elected - I have no health care, no unemployment insurance and no pension. My personal pension payments (ATP) have been confiscated by the state - I have no free speech and I am not allowed to defend myself in a court of law in Denmark - I can not move freely in most of the EU and seek a job just for a start. The Danish state LIES about the reality of the politics of the government. So for the last 30+ years I have been a political refugee living outside of Denmark. PS: did you know that during the last 50 years more than 900,000 Danes have been murdered by the STATE? I bet that you did not know that. You are not suppose to know.
As Dane - What continues to annoy me, is when people outside the Nordic countries, especially but not limited to American politicians, insist on labeling the Nordic countries as "socialist". We are fundamentally "social democracies". Yes, we also have a political party by that name, but our welfare state more or less hinges on these values regardless of what party is in power. If you look at a typical diagram split between "Socialism" and "Capitalism" you will find that "Social Democracy" features under "Capitalism". What a SHOCKER!
Socialism as the end goal of the Labour movement was only abandoned recently. Today they are no longer social democrats, they are progressive liberal democrats.
Completely agree with you. As an economist myself I feel he lacked of depth. He is just a person looking for click into his videos. He just talks within what is the typical stereotype of Nordic country. This person didn't really study the nordic model, which is actually Completely different between Sweden, Denmark, Norway and Finland. Denmark is one of the most liberal and capitalist countries in Europe. He has no clue what he is talking about.
@@Mpetersable Totally lack of dept. You see, and hear from 1. sec that he his american. Without dept, and a lack of understanding how to be empathic for the greater good. I'am 63 now, and have been working since the late 70', paying my tax willingly, and knowing that it would benefit my fellow country men, and women. In scandinavia we call it patriosism. But an american won't understand that concept.
You make a good point here. A significant number of Americans want to freeload the benefits of social democracy without the responsibility of being a productive citizens. Our country lacks the social cohesiveness for a Nordic model to work in the US.
I don't know how long it will take before foreign TH-camrs will pick up on what every Scandinavian learns in school: the law of Jante is satire. It's the Scandinavian version of Gecko's "greed is good", it warns about taking what is considered a societal good too far.
You are not the first foreigner or Dane for that sake to misinterpret "Janteloven". This fictional law comes from a satirical novel from the 1930's - "A fugitive crosses his tracks".
We have a lot reactionaries who are furious. They can't deal with reality, and this is why there is no public debate on dissolution of the Nordic model
@emikke sorry, but that is incorrect . What irritates is the fact of the misguided set of information stated over a model that is full of rethotic and misconceptions. In many ways denmark is much more liberal than US, and maybe you cannot deal with it.
Interesting video with some good summaries of points. However I’m not really convinced that you did a great job using your arguments to defend the thesis. Listing problems is not indicative of a failure of a system. Regarding the fiscal policies and regulatory policies, there’s a distinct lack of cause and effect and a distinct lack of comparative analysis. Example counterargument: a society with brain drain of the most ambitious is not inherently unsustainable. Especially if most value generating jobs within the country are concentrated in very few companies. No argument was made as to why entrepreneurs leaving Denmark leads to failure of Nordic Model. In fact this is a problem in every single country in the world except the US. On the cultural part, again, it makes intuitive sense, but is very beholden to big ideas currently in the political zeitgeist of Western countries in order to make sense. I had to make many a prior assumptions to connect your dots. Example counterargument: assumption was made that immigration to high welfare countries erodes societal trust which is bad. No examination was made of comparable high trust societies with strict to no immigration policies such as Japan and Korea, which are experiencing rapid population collapse. A fair analysis of the reasons and tradeoffs behind policies was not made for your “arguments against.” Lastly, I did not hear any argument at all as to why the Nordic Model may have “already fell.” Exaggerated “may haves” are terrible in analyses and are rather indicative of bias or even your personal wish. By the way, you should really check your mindset as I’m pretty sure you’re experiencing audience capture. Your moral conservatism videos perform 10x better on viewership than your economics videos, and you seem to be injecting those ideas without serious thought into your economics videos.
This is not true at all. Denmark has a lot of entrepreneurs and it is extremely easy and cheap to start your own company. There are a lot of hubs that support through experts, work market and financing into the start-up and scale up companies. Please next time try to study a little bit more before posting.
@@Mpetersable did you mean to reply to me or the guy who made the video? I’m confused because he’s the one who made the argument that Denmark is bad for entrepreneurs.
Thanks for the comment and pointing out some of my possible biases. Part two about the economic future of Sweden goes more into possible local solutions for Nordic model flaws.
Every model is at risk and will fail. But I think the Nordic "model" will have a lot longer future than the US one, but at the end of the day its not so much about the model as it is about the people.
i dont know what country you are from but i disagree so much that the Model is at any form of risk its strong but could use improvements here and there no doubt everything can nothing is perfect but every other model out there im not voting better than the Nordic at all
The way you analize the 'jantelaw' is really with a amercan's eye. I understand that. But the reality is VERY different. We got a lot of of rich person's and family's that still are here. Just look at haox america have developed. IT's ALL about money, and yourself. We just don't think like that.
Actually I think that other nations due to smaller generations to come, simply aren’t willing to work the same hours going forward as they were 30 years ago Who wants to work 50% of your life net time?? Rest of time being stressed and sitting in bumper to bumper traffic Aint worth it. And for what? A marginal bigger car??
To some people, their work is their interest. They have to be allowed to work to be happy. The rest of the population just have to meet the standards of the market.
@emikke Then you're contradicting your comment about the Danish model being dead, because then it's interest driven rather than greed driven. And we do have a lot of those, and they contribute very well to the society around them. That's not to ignore the brain drain, because it is happening and is a problem, though mainly from foreign nationals having studied here. Besides that, there are other sources of income than regular salaries, like stocks and part ownerships that aren't taxed anywhere near regular income, so for those striving for the absolute top, there's not really that much reason to flee the country. As rich people everywhere else, they figure out ways to get away with the least tax possible. Passive income is only taxed around 20-25%, so is fairly competitive to everywhere else. Then there are of course more or less legal loopholes utilized by those those for whom enough is never enough, and they'd rather pay a tax lawyer and/or accountant twice the amount the taxes would have cost them, to be able to brag about not paying taxes... That's where things start to get ridiculous and there just isn't much you can do about it unfortunately. At least not in practical life with the global financial system we have today. Which is completely fkd.
This was an OK analysis. But you are putting way too much emphasis on some of these cultural differences. The law of Jante isn't as prevalent as you seem to think. And students still work. As someone who took a master's degree, perhaps 2% didn't work along their studies. Some of your conclusions have no root in reality. The social trust is very true though. It is very prevalent throughout Denmark, to a point where some actions based on this trust would be seen as illegal in other countries (such as leaving your baby in a stroller outside a cafe).
Another self-appointed arrogant American "expert" sets out to diss the Nordic model. How original. No mention of how America's wars have contributed to the ridiculous amount of refugees and migrants to our countries over the last 20 years, no wonder our economies are challenged. Personally I'm proud to live in a country that is not run as a corporation, but actually has a deep rooted culture of hard work, solidarity and social ethics. I feel this is just another attempt to take focus away from your own disastrous economy and social collapse.
German that moved to DK last year to work for one of the large companies you named here. I have mixed feelings about Denmark.
You are completely right about the "Tall Poppy Syndrome" being a prevalent demotivating factor here.
I would add to it the "consensus based decision making" that you will generally find throughout the nordics. This is often slow and inefficient. It seems to be based in the belief that everybody is equal and that the collective stands above the individual.
A lot of the smaller companies do not grow beyond around 50 employees due to the resulting flat organizational structures.
Positively, it is certainly a very child-friendly place. Maybe you have seen unattended strollers (with babies in them) outside of restaurants and cafes. Parents will go check on the children every once in a while. This is a good example of how much of a high trust society it still is. Interestingly, all the parental leave programs, work-life balance and generally understanding towards parents in the workplace do not seem to translate into higher birth rates, as they are well below replacement levels.
The way I see it, is that lower and middle class people are better off in DK vs the US (not surprisingly) and can live a good, not to stressful life. As you progress towards the higher brackets of socio-economic status however, living here becomes less and less attractive unless you are deeply rooted through strong family ties and so on.
We will stay here for a few years and then move on.
I simply dont believe organization structure has anything to do with a limit of growth beyond 50 employees
But simply the fact that capital cost due to high marginal tax on capital are at 42%
So it is expensive to require the capital to grow. So a matter of choice of government.
Many companies simply move to Sweden or an IPO in London when taking off.
Stupid policy, but that is how socialists think
Unfortunately it's not really a child friendly place, because everyone sees children as an expense to society. And they think they have the right to dictate the lives of the parents. That's why Nordic people are committing collective suicide. Having children in the Nordic countries just is not worth the loss of freedom or all the shit you get from other people
The Nordic model as seen through the lens of someone who’s been on the sauce of easy “answers” from America for too long.
As a Swede In my opinion Denmark is the best country in the world because they pull off the Nordic model in the best way. Norway is kinda nice to, but they are more lucky and Denmark is more skill.
If you spend time in Dk like I have.
You'll quickly learn it's all down to dumb luck and sheer naive perseverance.
Only difference is, the danes are alot more stubborn then the rest of us nordics.
@@bugzyhardrada3168 , we are all completely different. I feel sometimes we danes are the hippie brother.
As a Dane this video is so wrong on so many points lol.
You are right. But remember, he's just a dumb american. And very young and unexperinced
In what ways?
@@AFNick th-cam.com/video/KLODGhEyLvk/w-d-xo.html
@@AFNick - here is a small course in Danish politics. As a Dane:
- I am not allowed to vote or to be elected
- I have no health care, no unemployment insurance and no pension. My personal pension payments (ATP) have been confiscated by the state
- I have no free speech and I am not allowed to defend myself in a court of law in Denmark
- I can not move freely in most of the EU and seek a job
just for a start. The Danish state LIES about the reality of the politics of the government. So for the last 30+ years I have been a political refugee living outside of Denmark.
PS: did you know that during the last 50 years more than 900,000 Danes have been murdered by the STATE? I bet that you did not know that. You are not suppose to know.
@@svennielsen633 so what kind of fact site are you getting this from? im danish i have all of that? and 900k danes killed by the state i doubt it :D
As Dane - What continues to annoy me, is when people outside the Nordic countries, especially but not limited to American politicians, insist on labeling the Nordic countries as "socialist". We are fundamentally "social democracies". Yes, we also have a political party by that name, but our welfare state more or less hinges on these values regardless of what party is in power. If you look at a typical diagram split between "Socialism" and "Capitalism" you will find that "Social Democracy" features under "Capitalism". What a SHOCKER!
Socialism as the end goal of the Labour movement was only abandoned recently. Today they are no longer social democrats, they are progressive liberal democrats.
Completely agree with you. As an economist myself I feel he lacked of depth. He is just a person looking for click into his videos. He just talks within what is the typical stereotype of Nordic country.
This person didn't really study the nordic model, which is actually Completely different between Sweden, Denmark, Norway and Finland. Denmark is one of the most liberal and capitalist countries in Europe. He has no clue what he is talking about.
@@Mpetersable Totally lack of dept. You see, and hear from 1. sec that he his american. Without dept, and a lack of understanding how to be empathic for the greater good. I'am 63 now, and have been working since the late 70', paying my tax willingly, and knowing that it would benefit my fellow country men, and women. In scandinavia we call it patriosism. But an american won't understand that concept.
You make a good point here. A significant number of Americans want to freeload the benefits of social democracy without the responsibility of being a productive citizens. Our country lacks the social cohesiveness for a Nordic model to work in the US.
@@AFNick I think you got that backwards. You lack social cohesion because you never had a "Nordic model" that fostered social cohesion.
demographics matter. some would say its your destiny. no model will save you
For tax as a percentage of GDP we aren't at 16%, more like 26%
I don't know how long it will take before foreign TH-camrs will pick up on what every Scandinavian learns in school: the law of Jante is satire. It's the Scandinavian version of Gecko's "greed is good", it warns about taking what is considered a societal good too far.
Short version: *Ozempic money printer goes brrrrr*
You are not the first foreigner or Dane for that sake to misinterpret "Janteloven". This fictional law comes from a satirical novel from the 1930's - "A fugitive crosses his tracks".
REALLY BAD VIDEO. I SUGGEST THE PEOPLE WHO SEE THIS ACTUALLY INFORM THEMSELVS BETTER THROUGH OTHER MEANS. THIS IS COMPLETELY A FAKE STEREREOTYPE.
We have a lot reactionaries who are furious. They can't deal with reality, and this is why there is no public debate on dissolution of the Nordic model
@emikke sorry, but that is incorrect . What irritates is the fact of the misguided set of information stated over a model that is full of rethotic and misconceptions. In many ways denmark is much more liberal than US, and maybe you cannot deal with it.
Interesting video with some good summaries of points. However I’m not really convinced that you did a great job using your arguments to defend the thesis.
Listing problems is not indicative of a failure of a system. Regarding the fiscal policies and regulatory policies, there’s a distinct lack of cause and effect and a distinct lack of comparative analysis.
Example counterargument: a society with brain drain of the most ambitious is not inherently unsustainable. Especially if most value generating jobs within the country are concentrated in very few companies. No argument was made as to why entrepreneurs leaving Denmark leads to failure of Nordic Model. In fact this is a problem in every single country in the world except the US.
On the cultural part, again, it makes intuitive sense, but is very beholden to big ideas currently in the political zeitgeist of Western countries in order to make sense. I had to make many a prior assumptions to connect your dots.
Example counterargument: assumption was made that immigration to high welfare countries erodes societal trust which is bad. No examination was made of comparable high trust societies with strict to no immigration policies such as Japan and Korea, which are experiencing rapid population collapse. A fair analysis of the reasons and tradeoffs behind policies was not made for your “arguments against.”
Lastly, I did not hear any argument at all as to why the Nordic Model may have “already fell.” Exaggerated “may haves” are terrible in analyses and are rather indicative of bias or even your personal wish.
By the way, you should really check your mindset as I’m pretty sure you’re experiencing audience capture. Your moral conservatism videos perform 10x better on viewership than your economics videos, and you seem to be injecting those ideas without serious thought into your economics videos.
This is not true at all. Denmark has a lot of entrepreneurs and it is extremely easy and cheap to start your own company. There are a lot of hubs that support through experts, work market and financing into the start-up and scale up companies.
Please next time try to study a little bit more before posting.
@@Mpetersable did you mean to reply to me or the guy who made the video? I’m confused because he’s the one who made the argument that Denmark is bad for entrepreneurs.
Hahaha. It was not supposed to be under your post. 😂
I could not agree more with your post.
Thanks for the comment and pointing out some of my possible biases. Part two about the economic future of Sweden goes more into possible local solutions for Nordic model flaws.
Every model is at risk and will fail. But I think the Nordic "model" will have a lot longer future than the US one, but at the end of the day its not so much about the model as it is about the people.
i dont know what country you are from but i disagree so much that the Model is at any form of risk its strong but could use improvements here and there no doubt everything can nothing is perfect but every other model out there im not voting better than the Nordic at all
Keep it up!
The way you analize the 'jantelaw' is really with a amercan's eye. I understand that. But the reality is VERY different. We got a lot of of rich person's and family's that still are here. Just look at haox america have developed. IT's ALL about money, and yourself. We just don't think like that.
Actually I think that other nations due to smaller generations to come, simply aren’t willing to work the same hours going forward as they were 30 years ago
Who wants to work 50% of your life net time??
Rest of time being stressed and sitting in bumper to bumper traffic
Aint worth it. And for what? A marginal bigger car??
To some people, their work is their interest. They have to be allowed to work to be happy. The rest of the population just have to meet the standards of the market.
@emikke Then you're contradicting your comment about the Danish model being dead, because then it's interest driven rather than greed driven. And we do have a lot of those, and they contribute very well to the society around them. That's not to ignore the brain drain, because it is happening and is a problem, though mainly from foreign nationals having studied here.
Besides that, there are other sources of income than regular salaries, like stocks and part ownerships that aren't taxed anywhere near regular income, so for those striving for the absolute top, there's not really that much reason to flee the country. As rich people everywhere else, they figure out ways to get away with the least tax possible. Passive income is only taxed around 20-25%, so is fairly competitive to everywhere else. Then there are of course more or less legal loopholes utilized by those those for whom enough is never enough, and they'd rather pay a tax lawyer and/or accountant twice the amount the taxes would have cost them, to be able to brag about not paying taxes... That's where things start to get ridiculous and there just isn't much you can do about it unfortunately. At least not in practical life with the global financial system we have today. Which is completely fkd.
This was an OK analysis. But you are putting way too much emphasis on some of these cultural differences. The law of Jante isn't as prevalent as you seem to think. And students still work. As someone who took a master's degree, perhaps 2% didn't work along their studies. Some of your conclusions have no root in reality. The social trust is very true though. It is very prevalent throughout Denmark, to a point where some actions based on this trust would be seen as illegal in other countries (such as leaving your baby in a stroller outside a cafe).
Another self-appointed arrogant American "expert" sets out to diss the Nordic model. How original.
No mention of how America's wars have contributed to the ridiculous amount of refugees and migrants to our countries over the last 20 years, no wonder our economies are challenged.
Personally I'm proud to live in a country that is not run as a corporation, but actually has a deep rooted culture of hard work, solidarity and social ethics.
I feel this is just another attempt to take focus away from your own disastrous economy and social collapse.
I’ve made plenty of videos about America’s economic problems, so I’m not giving us a free pass.
It was instructive
The Nordic model is on life support. It's not sustainable and it inherently violates individual rights. The writing is on the wall
What individual right?
For the algorithm!
20:10 Nick is preppy confirmed?
😂
@@AFNick is that a yes?
@@YWNBARW2 I like some preppy clothes, but I wouldn't consider myself one of them. I have never shopped at J. Crew or Vineyard Vines.