Check out this FT articleby Richard Milne in the FT’s “Future of Capitalism segment: Nordic model is ‘future of capitalism’
“The world should consider adopting the Nordic approach to capitalism and learn from the region’s response to its financial and economic crisis in the 1990s in the attempt to stave off recession, according to the chairman of two of Europe’s biggest companies.
Jorma Ollila, chairman of Nokia, the mobile phone maker, and oil major Royal Dutch Shell, said the Nordic style of capitalism was characterised by openness to globalisation balanced by strong government programmes to protect people from its excesses and an egalitarian education system.”
I’m a huge fan of the nordic model for Government, economics and to some extent even society. The Scandinavian economies and even their welfare system have proved remakrably resilient in recent years, despite being targets for right-wing attacks (particulalrly in the US) and bizarrely O’Reilly feels Sweden is a nightmare communist state.
They’ve shown that globalisation need not be a negative as long as the state acts as a levelling tool, of course such engineering would be far harder in more economically diverse countries such as the UK and France, but in principles the direction is a positive one.
April 3rd, 2009 at 13:41
If you can’t go to Denmark, bring Denmark to you
April 4th, 2009 at 12:09
Never has a truer comment been said.