Finland's capitalist government has given new parents a baby box starter kit for the last 75 years, and also has the lowest infant mortality rate in the world. Meanwhile, America ranks 44th in infant mortality. (by AnnieFadely)
that "socialism" has worsened the quality of life in Nordic countries — that living standards are 15% lower than in the US, and the returns on a college education are lower. This type of fear mongering isn't new. In fact, both parties are guilty of believing narratives like "the undeserving poor," "welfare queens," and "pulling yourself up by your bootstraps.
Capitalism is an economic system, not a political one — it's just the way that we organize the production of goods through a market that we create, with private ownership and profit incentives. The difference between Finland and America is that our Nordic friends have a much more harmonious marriage between democracy and capitalism; in Finland, the inequities that are created by capitalism don't cut as deep, because the government has established a minimum humane standard of living.
Although low child mortality rates are largely the result of an excellent and freely accessible health care system, the baby box is a perfect example of how Finland uses its wealth to invest in the well-being of its people — and everyone is better for it. You could call that democratic socialism, but you can also just call it smart.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Insider Intelligence - Business Insider
Read more »
PRESENTING: The 31 buzziest logistics startups that VCs are watching in 2020 - Business InsiderRead Business Insider's exclusive, VC-sourced roundup of the buzziest logistics startups in the coming year.
Read more »
Navy SEAL Jocko Willink gives his best advice for running meetings - Business InsiderRetired Navy SEAL commander jockowillink says most meetings should be avoided — but if you have to have one, you should replace your agenda with a set of decision points
Read more »
Kristen Bell uses diaper-rash cream as lip balm—and other things we learned in our exclusive interviewThis is DEFINITELY the motherforkin' good place! We're excited to share our exclusive interview with one of our fave celeb moms, KristenBell! Read her take on mom-guilt, self-care, postpartum body image—and why she's launched hellobello
Read more »
Many of YouTube’s Most Popular Kitchen Hacks Are Hoaxes, and Some Are Also Dangerous“How to“ cooking tutorials don’t need to actually be cookable to become wildly popular on the internet
Read more »
SUCCESS INSIDER: Poshmark, college, Bob Iger, Ben & Jerry's - Business InsiderOur regular newsletter for getting things done. Like quitting your full-time job and starting a successful side business.
Read more »