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Would a Scandinavian-style economy work in the US?

For those of you who watch the US presidential debates, you may remember this exchange a few months back between Democrats Bernie Sanders and Hillary Clinton; Sanders, who calls himself a democratic socialist, said, β€œI think we should look to countries like Denmark, like Sweden, and Norway and learn from what they have accomplished for their working people”. Clinton responded, β€œI love Denmark”, but also largely dismissed the idea of being like Scandinavia. She said we shouldn’t turn our backs on American-style capitalism. But could a Scandinavian-style welfare state actually work in the US?

(Photo: Boats moored in Stockholm. Credit: Olivier Morin /AFP/Getty Images)

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5 minutes