Economic growth in terms of … freedom or interventionism?: nordic model versus model of the southern European countries
DOI:
https://doi.org/10.22370/pe.2021.11.2889Keywords:
Sweden, State, capitalism, intervention, liberalismAbstract
The efficient use of scarce resources should be a sufficient argument to combat socialism. Some rulers insist on the figure of the State as a necessary condition in the preservation of the rights of the poorest classes. And in part it is true, since it is very difficult for a person with limited resources to progress when it is the State that hinders such effort. On the other hand, those leaders who are
committed to liberalizing the labor market and reducing public spending, tend to see their policy lead to greater economic progress; with a higher level and quality of life. In Latin America, many countries have tried to have sustainable growth during the last decades. Chile has been an example of economic growth for all those countries that have imitated (to a greater or lesser extent) a liberal
system. However, the current Chilean political class thinks the time has come to change the liberal system for a more interventionist, more European approach. Although in this ideological journey, reference is usually made only to the Nordic countries as a political aspiration. This work aims to clarify certain economic concepts and to show the implications necessary to be consistent with the
application of Nordic public policy.
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