Process
Status Items Output None Questions None Claims None Highlights Done See section below
Highlights
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the Finnish government owns nearly one-third of the nation’s wealth.
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The Finns also have a large public sector, meaning that it’s not just wealth that is much more socialized but also production
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Finland also has a large and powerful labor movement that clearly gives Finnish workers significant power over the economy. Around 90 percent of Finnish workers are covered by a union contract.
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In November, as a response to 700 postal workers receiving a pay cut, as many as 60,000 workers (in a nation of 2.2 million workers) went out on strike in solidarity, shutting down ports, railroads, buses, and airlines. The pay cuts were cancelled, and the prime minister resigned after misleading the public about the matter.
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To match the Finnish economic model, the United States would need to not only build a social-democratic welfare state, but also socialize $35 trillion of assets, unionize 120 million workers, and move 25 million workers into the public sector.