Capitalism is a popular economic system based on private ownership and free markets. While its basic principles are the same, its implementation varies around the world. Instead of “Capitalist or No,” it’s more useful to think of a sliding scale. There are many influencing factors for anything as large as an economic system. What works in some countries might not work in others. And of course, your results may vary.

The Nordic Model (Sweden, Norway, Finland, and Denmark) is a soft capitalism with high living standards and low income disparity. This system combines free market capitalism with significant social benefits…

Geoffrey Taylor

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