ManusJustus said:
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Denmark has the most progressive tax system in the world, and they actually tax 50% of their GDP!
http://www.nationmaster.com/graph/tax_tot_tax_as_of_gdp-taxation-total-as-of-gdp
Again, Denmark is hardly a capitalist country, atleast in terms that most Americans would agree with. Then again, who cares about what the americans think? We Europeans invented capitalism and spearheaded it through the Mercantilistic Era, all the way to the free trade we have today. I'll inform you (read below) Denmark, and other Scandinavian mixed economies have a good mix of socialism and capitalism. Denmark provides services such as healthcare and education, they tax the crap our of the rich (and poor for that matter), and they give people the freedom to make economic and social choices as they please.
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The above is great example of what capitalism is (Denmark). An independent central bank, stock exchanges, a free market etc. etc. Amateurishly trying to categorise nations into different camps by looking at the tax rate % is a slippery slope.
Do remember that the United States is in the extreme end of the capitalism scale. You are not 'the normal' capitalist state. The United States is the odd one out here. We Europeans invented capitalism and spearheaded it throughout the Mercantilistic Era, the Commercialistic Era, the Industrialistic Era, the Monopolistic Era towards Keynesianism and neoliberalism. The whole west is now joined together in international free trade, opening up Asia and integrating them to our systems.
Do not feel 'left out'. Instead be proud of that you (finally, in the end) helped us getting rid of national-socialism and helped us protect capitalist Europe from the Soviet Union. America had a long period of global protectionism and isolationism (it even was a colonial power in Asia and the Carabbean!) full free trade within it's own borders though. The former gradually ended during the first half of the 20th century. Welcome to the club. Wake up call! We have all been capitalist since the 15th Century. A long period when Europe consisted of hundreds of different states using the same currencies: The Florin and Ducats.
The United States is in the extreme end of the capitalist scale.
So to those of you who are indoctrinated (through your de facto patriotic pledge of allegiance, flag wielding school system) into believing that the united states is the cradle of capitalism and to those of you who think that the united states is the definition of a capitalist society.. John Stuart Mill, Adam Smith and Keynes would like to have a word with you.
The fact remains. Denmark (the oldest Monarchy in the World) has gone through all the capitalist eras. It has never been a socialist country. It is a Capitalist (Social-Democratic) Northern Euopean Nation. Before Denmark was capitalist, it had a feudalistic/'resource extraction' economic system. That's more than 500 years ago.
Denmark Scandinavia discussion.
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