Are heading toward a more entrepreneurial, capitalistic state - then why are we going in the opposite direction?
What is most instructive about the current Nordic model is that these nations have reached the end of the welfare state and have pulled back. Nordic nations are cutting spending, cutting taxes, cutting government debt and encouraging entrepreneurs.
Why the sudden turnaround? The Economist quotes a Danish historian as saying, “The welfare state we have is excellent in most ways. We have only this little problem. We can’t afford it.”
One feature of the Nordic turnaround has been an emphasis on entrepreneurs and innovation,
“Nordic governments recognise that they need to encourage more entrepreneurs if they are to provide their people with high-quality jobs, and that they can no longer rely on large companies to generate business ecosystems on their own.”