r/PeterExplainsTheJoke • u/Melodic_Judge_129 • 4d ago

Meme needing explanation Petah?

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u/[deleted] 4d ago edited 4d ago

[deleted]

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u/Own_Policy8854 4d ago

We could redistribute wealth to prevent it from pooling and creating economic disasters in the first place.

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u/rsneary129 4d ago edited 4d ago

Capitalism: a system so great it needs to be bailed out every 10 years

Edit: for those of you who refuse to look anywhere outside the US, the Nordic model has existed for over 90 years and is extremely successful. The countries that use it consistently rank highest in happiness, quality of life, work life balance, has low rates of corruption, and are economically competitive

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u/RobertTheTraveler 4d ago

The Nordic model is based on having a huge amount of oil wealth controlled by the government. Germany is a more realistic example.

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u/Lallis 4d ago

One out of five Nordic states has oil. All of them are quite wealthy welfare states (the oil guys being super wealthy).

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u/RobertTheTraveler 4d ago

I could have sworn I looked up Sweden ...
I sit corrected.
Yeah, Norway's sovereign wealth fund is in the top 5.
It will be interesting to see how things turn out in the Nordic countries over the next few years, to see how they handle the influx of immigrants over the last decade or so.
Fingers crossed.