Denmark as a Model for American Socialists?

by Lars Hedegaard • August 20, 2018 at 5:00 am

Danes actually pay for their brand of socialism through heavy taxation. In Denmark, everyone pays at least the 25% value-added tax (VAT) on all purchases. Income tax rates are high. If you receive public support and are of working age and healthy, the state will require that you look for a job or it will force a job on you.
In Denmark, it is uncomplicated for enterprises to fire workers, which gives them great flexibility to adapt to shifting market conditions. In fact, Denmark is more free-market oriented than the US.
"Very high taxes and the vast public sector clearly detract in the capitalism index and reduce economic freedom. But Denmark compensates by... relatively little regulation of private enterprise, open foreign trade, healthy public finances and more. This high degree of economic freedom is among the reasons for Denmark's relatively high affluence." — Mads Lundby Hansen, chief economist of Denmark's CEPOS think tank.

Danish hundred-kroner banknotes. (Image source: iStock)

Here are some facts to consider before American "democratic socialists" look to Denmark for guidance, as Senator Bernie Sanders did during the 2016 presidential campaign.

First of all, Danes actually pay for their brand of socialism through heavy taxation. In Denmark, everyone pays at least the 25% value-added tax (VAT) on all purchases. Income tax rates are high. If you receive public support and are of working age and healthy enough to work, the state will require that you look for a job or it will force a job on you.

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China's Path to Global Hegemony: Latest Target Is Syria

by Debalina Ghoshal • August 20, 2018 at 4:00 am

China reportedly intends to build a railway through Iran and Turkey into Syria. Meanwhile in Greece, a Chinese state-owned company, Cosco, "purchased a controlling stake in the port of Piraeus, near Athens." Piraeus is the biggest and busiest port in Greece and the busiest container port in the Eastern Mediterranean.
If China were to invest large amounts of money into the reconstruction of Syria, which has long been a hub for terrorist groups, Chinese funds could easily fall into the hands both of corrupt members of the Assad regime and of Hezbollah, the regime's main supporting terrorist organization. Chinese reconstruction funds could also be diverted to purchasing nuclear weapons technology from Iran and North Korea.

China's President Xi Jinping. (Image source: kremlin.ru)

China's Belt and Road Initiative (BRI) – a term coined in 2013 by Chinese President Xi Jinping to evoke the ancient Silk Road trade routes connecting China with lands to its west – should be cause for great concern in the West. Although it is described by the European Bank for Reconstruction and Development (EBRD) as "a long-term project which, for years to come, will give China a key role in guiding and supporting cultural, economic, political, and trade developments around the world," it is actually part of China's increasingly apparent plan for regional and global hegemony.

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