Adam Smith Institute

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Whatever happened to the Nordic model?

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There is an unfortunate tendency to associate the term "neoliberal" with right-wing political views. In fact, the quite liberal social democracies of northern Europe have been among the most aggressive neoliberal reformers. Indeed, according to the Heritage Foundation's Index of Economic Freedom, Denmark is the freest economy in the world in the average of the eight categories unrelated to size of government. The Nordic countries have begun to privatize many activities that government still performs in the United States. These include passenger rail, airports, air-traffic control, highways, postal services, fire departments, water systems, and public schools, among many others. These countries do have much larger and more comprehensive income-transfer programs than the United States has, but are not otherwise particularly socialist.

Scott Sumner 'The Unacknowledged Success of Neoliberalism' EconLib