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Viking Economics: How the Scandinavians Got It Right-and How We Can, Too

de George Lakey

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1136240,669 (3.77)1
"An academic and activist takes an entertaining look at the Nordic welfare state--and shows us how we, too, can have a far more equal and just economic system In America, many Democrats invoke Scandinavia as a promised land of equality, while most Republicans fear it as a hotbed of liberty-threatening socialism. But the left and right can usually agree on one thing: that the Nordic system is impossible to replicate here at home. The US is too big, or too individualistic, or too puritan, or too, something. Whatever the reason, it's impossible, and we shouldn't bother to try. Enter George Lakey. A longtime activist and academic, Lakey has spent decades studying the economies of Denmark, Sweden, Norway, Finland, and Iceland, and in Viking Economics, he reveals that Scandinavia's deep commitment to the welfare state is much more recent than we think. Not long ago, Scandinavia was a far more unequal place, with a much weaker commitment to the social welfare of its citizens. There's nothing inherently Scandinavian about greater equality. So why not try it here? Viking Economics is more fun and entertaining than any economics book you've ever read. And, very possibly, more convincing! As he ranges from twentieth-century Norwegian history to the details of Swedish childcare policies, Lakey never loses his sense of humor or his expansive, generous vision of a better, more equal future. By explaining that even Scandinavia's grandest experiments in social equality are rooted in recent political struggles, Lakey explains shows how we can do it, too--conventional wisdom be damned"--… (més)
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Many interesting ideas in policy that have worked for the “Nordics” and that are presented as evidently better than policies in other places. The underlying suggestion that these sort of policies could translate to the US.

The book does not spend much if its focus explaining how difficult it is to translate policies to different territories. Ideas such as human capital and path dependence are relevant here. The problem is not that of understanding how someone else works but of how to adjust who we are without getting lost in the process.
( )
  yates9 | Feb 28, 2024 |
Helps to lift the lid on what makes Northern Europe tick."—Forbes Magazine Liberals worldwide invoke Scandinavia as a promised land of equality, while most conservatives fear it as a hotbed of liberty-threatening socialism. But the left and right can usually agree on one thing: that the Nordic system is impossible to replicate elsewhere. The US and UK are too big, or too individualistic, or too . . . something. In Viking Economics—now with a new afterword by the author—George Lakey dispels these myths. He explores the inner workings of the Nordic economies that boast the world’s happiest, most productive workers, and explains how we can enact some of the changes—including universal healthcare, affordable childcare, and a month of paid vacation for all—that the Scandinavians fought for surprisingly recently. We, too, can refuse to be governed by the elites and embrace equality in our economic policy—here’s how.
  NFMeeting | Oct 19, 2023 |
An interesting, engaging read with food for thought.

A few bug bears:
- the constant 'viking' references are quite tiresome
- the analysis doesn't get much deeper than 'they like high taxes because they get a lot from it'
- could benefit from some analysis of underlying political/institutional structures that probably enable this to take place (i.e. proportional representation vs FPTP; comparatively low military spend?)
- the section around discrimination and immigration felt a bit like it was chucked in and didn't particularly sit that well with the book. It also didn't do much to address the concern electorates have around erosion of unique identities - a common challenge in the era of globalisation - and instead lumped in concerns around immigration as being racist.
- I would liked to see more done to explore the challenges in the Nordic economies. ( )
  soylee22 | Jun 21, 2022 |
Signed: "To Palo Alto Friends Meeting." The author reveals that Scandinavia's deep commitment to the welfare state is much more recent than we think. Not long ago, it was a far more unequal place, with a much weaker commitment to the social welfare of its citizens. Could it be a model for the United States.
  PAFM | Oct 19, 2019 |
Lot of good points. I enjoyed reading. ( )
  PJCWLibrary | Feb 10, 2018 |
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"An academic and activist takes an entertaining look at the Nordic welfare state--and shows us how we, too, can have a far more equal and just economic system In America, many Democrats invoke Scandinavia as a promised land of equality, while most Republicans fear it as a hotbed of liberty-threatening socialism. But the left and right can usually agree on one thing: that the Nordic system is impossible to replicate here at home. The US is too big, or too individualistic, or too puritan, or too, something. Whatever the reason, it's impossible, and we shouldn't bother to try. Enter George Lakey. A longtime activist and academic, Lakey has spent decades studying the economies of Denmark, Sweden, Norway, Finland, and Iceland, and in Viking Economics, he reveals that Scandinavia's deep commitment to the welfare state is much more recent than we think. Not long ago, Scandinavia was a far more unequal place, with a much weaker commitment to the social welfare of its citizens. There's nothing inherently Scandinavian about greater equality. So why not try it here? Viking Economics is more fun and entertaining than any economics book you've ever read. And, very possibly, more convincing! As he ranges from twentieth-century Norwegian history to the details of Swedish childcare policies, Lakey never loses his sense of humor or his expansive, generous vision of a better, more equal future. By explaining that even Scandinavia's grandest experiments in social equality are rooted in recent political struggles, Lakey explains shows how we can do it, too--conventional wisdom be damned"--

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