₦airaland Forum

rvp20182:
Yes the middle ground works; have private sector run on capitalism; allowing the brutal market economy to pick winners; and then have public sector funded by taxing the private sector providing communism like ideals of an equal society. Once the right mix if found - the country can have sustainable growth and development - like most Scandavanian countries have achieved.

What we need is nordic model..

The Nordic model comprises the economic and social policies as well as typical cultural practices common to the Nordic countries (Denmark, Finland, Iceland, Norway, and Sweden).[1] This includes a comprehensive welfare state and multi-level collective bargaining[2] based on the economic foundations of social corporatism,[3][4] with a high percentage of the workforce unionized and a sizable percentage of the population employed by the public sector (roughly 30% of the work force in areas such as healthcare, education, and government).[5] Although it was developed in the 1930s under the leadership of social democrats,[6] the Nordic model began to gain attention after World War II.[7]

he Nordic model has been characterized as follows:[23]

An elaborate social safety net, in addition to public services such as free education and universal healthcare[23] in a largely tax-funded system.[24]
Strong property rights, contract enforcement and overall ease of doing business.[25]
Public pension plans.[23]
High levels of democracy as measured by the Democracy Index.[26][27]
Free trade combined with collective risk sharing (welfare social programmes and labour market institutions) which has provided a form of protection against the risks associated with economic openness.[23]
Little product market regulation. Nordic countries rank very high in product market freedom according to OECD rankings.[23]
Low levels of corruption.[26][23] In Transparency International's 2019 Corruption Perceptions Index, Denmark, Finland, Norway and Sweden were ranked among the top 10 least corrupt of the 179 countries evaluated.[28]
High trade union density and collective bargaining coverage.[29] In 2019, trade union density was 90.7% in Iceland, 67.5% in Denmark, 65.2% in Sweden, 58.8% in Finland, and 50.4% in Norway; in comparison, trade union density was 16.3% in Germany and 9.9% in the United States.[30] In 2018, collective bargaining coverage was 90% in Iceland, 88.8% in Finland (2017), 88% in Sweden, 82% in Denmark, and 69% in Norway; in comparison collective bargaining coverage was 54% in Germany and 11.6% in the United States.[31] The lower union density in Norway is mainly explained by the absence of a Ghent system since 1938. In contrast, Denmark, Finland and Sweden all have union-run unemployment funds.[32]
A partnership between employers, trade unions and the government, whereby these social partners negotiate the terms to regulating the workplace among themselves, rather than the terms being imposed by law.[33][34] Sweden has decentralised wage co-ordination while Finland is ranked the least flexible.[23] The changing economic conditions have given rise to fear among workers as well as resistance by trade unions in regards to reforms.[23] At the same time, reforms and favourable economic development seem to have reduced unemployment, which has traditionally been higher. Denmark's Social Democrats managed to push through flexicurity reforms in 1994 and 1996.
The United Nations World Happiness Reports show that the happiest nations are concentrated in Northern Europe. The Nordics ranked highest on the metrics of real GDP per capita, healthy life expectancy, having someone to count on, perceived freedom to make life choices, generosity and freedom from corruption.[35] The Nordic countries place in the top 10 of the World Happiness Report 2018, with Finland and Norway taking the top spots.[36]
The Nordic countries received the highest ranking for protecting workers rights on the International Trade Union Confederation 2014 Global Rights Index, with Denmark being the only nation to receive a perfect score.[37]
Sweden at 56.6% of GDP, Denmark at 51.7%, and Finland at 48.6% reflect very high public spending.[38] One key reason for public spending is the large number of public employees. These employees work in various fields including education, healthcare and for the government itself. They often have greater job security and make up around a third of the workforce (more than 38% in Denmark). Public spending in social transfers such as unemployment benefits and early-retirement programmes is high. In 2001, the wage-based unemployment benefits were around 90% of wage in Denmark and 80% in Sweden, compared to 75% in the Netherlands and 60% in Germany. The unemployed were also able to receive benefits several years before reductions, compared to quick benefit reduction in other countries.[citation needed]
Public expenditure for health and education is significantly higher in Denmark, Norway, and Sweden in comparison to the OECD average.[39]
Overall tax burdens as a percentage of GDP are high, with Denmark at 45.9% and both Finland and Sweden at 44.1%.[40] The Nordic countries have relatively flat tax rates, meaning that even those with medium and low incomes are taxed at relatively high levels.[41][42

Abohboy:
It's capitalist but Lee Kuan Yew was a socialist by ideology

jl115:
I don't care since we are talking economic systems not peoples personal views....

Hueman:
North Korea vs Nigeria

I’ll continue reminding u until it sticks inside ur thick skull. The truth pains u!!!!

Hueman:
You: capitalism is when the government does not exist.

Also you: why won’t the government stop these oil companies from destroying the Niger delta

Abohboy:
Fair enough but ultimately there's gonna come a stage where socialism will be the only way to keep peace between the working and middle class and the upper class but till that day comes we can manage capitalism

jl115:
nope....because capitalist countries are more equal than socialist countries

jl115:
nope....because capitalist countries are more equal than socialist countries

jl115:
compare apple with apples bru..... Do you want me to post the pics of poverty in N Korea or must I be like you and just cherry pick the good looking areas?

jl115:
uhm no... I literally didn't say any of the bolded

Abohboy:
Yep America is definitely one of the most equal societies in the world and I hope you know socialism is still being refined very soon we will find the right mix that will give us the best system of welfare and production and as I said till then we'll settle with capitalism

Hueman:
Abohboy You are diluting socialism when you say things like this. How can America be a very equal country when they recently stop lynching black ppl in the 60s. The people they enslaved are still the poorest demographic in their country. Not to mention the wealth inequality in America is very bad. Americans have been begging their government for free healthcare and better standards of living just to be lied to and ignored by their government. Stop calling yourself a socialist when you just want capitalism with a welfare system. This is what happens when you don’t read a book. lol

jl115:
nope....because capitalist countries are more equal than socialist countries

Hueman:
Abohboy You are diluting socialism when you say things like this. How can America be a very equal country when they recently stop lynching black ppl in the 60s. The people they enslaved are still the poorest demographic in their country. Not to mention the wealth inequality in America is very bad. Americans have been begging their government for free healthcare and better standards of living just to be lied to and ignored by their government. Stop calling yourself a socialist when you just want capitalism with a welfare system. This is what happens when you don’t read a book. lol

rvp20182:
He is celebrated in Africa, rightly so, for his anti-colonial fight and pan-Africanism; but Ghana themselves know why they had to expel him and he died in exile. He collapsed the economy, forced military rule on Ghana for 30yrs and etc through his misplaced priorities..Ghana is yet to fully recover.

Not everything is mutually exclusive. His early heroic feats were later undone by taking the wrong turn economically.

Mugabe is celebrated as hero for the same reason - but to his fellow Zim - he is a villain - a guy who eventually screwed their economy.

rvp20182:
Nearly Every kenya univerisity has 20 floors plus buildings like this

The University of Nairobi Main Campus - all those beautiful buildings. Show us your little Ghana

https://www.youtube.com/watch?v=GfWDOq3Nfdc

Just30:
That's not true

Capitalist societies are some of the most unequal societies

Abohboy:
Yep America is definitely one of the most equal societies in the world and I hope you know socialism is still being refined very soon we will find the right mix that will give us the best system of welfare and production and as I said till then we'll settle with capitalism

Hueman:
COPE. Your system of capitalism does not work. All it has done is made us poorer.

Hueman:
U pro capitalism people are so delusional. You people literally argued for decade that your system is good because of greed. Just for you to be shocked that it causes wealth inequality. Now you want to pretend that your system ensures people are free. Do you feel free when you’rehomeless, hungry, and jobless Capitalism has done nothing to address these issues but leave it to the free market.

jl115:
Go look at the GINI coefficient.....why is it that the most equal countries are all capitalist?? where is Cuba? or Laos? or Vietnam? hell even China isn't near the top?

And fyi Nordic countries are capitalist if you forgot

jl115:
interesting because the richest and most equal countries are all capitalist?? strange isn't it?

Hueman:
This isn’t proving the point you think it is babe. If a poor country with less resources is able to invent a vaccine, and a wealthier richer country isn’t . That says a lot about socialism lol. By the way most of Cuba economic problems were caused by America sanctions which is beyond their own control. You thought you said something lol

Hueman:
North Korea vs Nigeria

I’ll continue reminding u until it sticks inside ur thick skull. The truth pains u!!!!

Abohboy:
How does that face the embargo that has cost Cuba 130 billion dollars? And I haven't read anywhere where the soviets gave Cuba 60 billion dollars

The survey said the Soviet military and economic
aid, which together nearly equal the $8 billion in
U.S. economic aid given worldwide in 1982, is
rising at a time when the Soviet industrial growth
rate is dropping from 7 per cent to 2.8 per cent per
year, the lowest growth since the end of World War
II.

PROVERBZ:
Look at rhis.