One of the common myths propagated by the Left is that Nordic-style Socialism, or as Bernie Sanders calls it, “Democratic” Socialism, is far better than Capitalism as an economic system. This detailed comparison of GDP, GDP Per Capita, Purchasing Power, relative cost of living, and a variety of other metrics casts a great deal of doubt on this assertion.
America ranks higher in most income and wealth metrics than most of the OECD countries, and only the country of Luxembourg is consistently higher. Countries like Germany, Sweden and Finland are below most American States in addition to the US baseline.
Here are a few great quotes:
We find something similar when we look at Germany, but in Germany’s case, every single US state shows a higher median income than Germany. Germany’s median income is $25,528. Things look even worse for the United Kingdom which has a median income of $21,033, compared to $26,517 in Mississippi.
So much for the magical German economic miracle. The United Kingdom is arguably the more horrifying statistic, however. The shared cultural values with the Anglosphere mean that America could look very much like the United Kingdom if it continues on the present course, and if a Socialist like Bernie Sanders were to be elected.
Since Sweden is held up as a sort of promised land by American socialists, let’s compare it first. We find that, if it were to join the US as a state, Sweden would be poorer than all but 12 states, with a median income of $27,167.
The Left would be wise to take note. Saying that we should be more like Sweden, with its high rape rates (courtesy of Muslim migrants), failing economy, and poor median income is an exercise in idiocy.