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Oh really? Why not take a look at the hedge funds market, mortgage derivatives, backed securities, and credit default swaps. Most of those had little to NO regulation whatsoever.
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So then deregulation caused their crisis too. Go Capitalism, really is a successful system eh?
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Sweden has regulation, while the U.S did not before the crisis. Thus why deregulation blew our markets to hell.
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My point is, they have regulation, and their economy is better then ours. I guess Capitalism doesn't work after all.
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Source: http://en.wikipedia.org/wiki/Norway#Economy Right there, read it.
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Also wrong. The state does a pretty damn good job at regulating STATOIL. http://en.wikipedia.org/wiki/Statoil
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Ireland has had the lowest corporate tax in the world, and an even more free market then the United States. Yet, their form of Capitalism has really WRECKED their economy in this recession and they also have a history of horrific famine, poverty, and decline. Ireland's 'Free Market' is part of why the are in such a horrible mess. They had
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Sorry, but you are WRONG. You didn't include that those Scandinavian countries have a 'mixed economy'. Norway has wide state ownership of the private sector, STATOILHYDRO and STATKRAFT included. STATOILHYDRO is the primary source of wealth in Norway, which is a petroleum asset owned by the state, and it has many wealthy investors. Norway
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I'm confused if its inflation that causes the problems of class disparity or not, and its not Capitalism thats the problem..