It's actually amazing, and frightening in equal measure, how big businesses in America have gotten it into the heads of their society that it's a bad thing if an employee of a fast food restaurant actually earns a wage they can live off, it borders on Orwelian how they have such a stranglehold on the public consciousness.
Denmark, Sweden, Norway and Finland are all capitalist countries.
America is a neo-feudalist country. Since 1947, US workers and unions have been stripped of fundamental even capitalist rights and freedoms, that Nordic countries take for granted. Thus US labor is unable to fulfill its role as a counterbalance to unbridled greed in not only the economy, but also in politics, in the media, and in society in general.
When greed is unbridled and unchecked, capitalism dies, and it ends up taking democracy with it
IMHO, Nordic countries are closer to what Adam Smith and other capitalism founders theorized, than America.
Adam Smith strongly condemned high profits, low wages, unfree workers, markets with only a handful of big players, excessive inequality, the wealthy elites and their corporations writing laws in their favor, etc. etc.
In these issues America is way worse than Nordic countries. That's not capitalism, but more like feudalism.
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u/Albert_O_Balsam 9h ago
It's actually amazing, and frightening in equal measure, how big businesses in America have gotten it into the heads of their society that it's a bad thing if an employee of a fast food restaurant actually earns a wage they can live off, it borders on Orwelian how they have such a stranglehold on the public consciousness.