10 Reasons Why Denmark’s ‘Democratic Socialism’ Is Much Better Than America’s Crony Capitalism

10 Reasons Why Denmark’s ‘Democratic Socialism’ Is Much Better Than America’s Crony Capitalism

According to per capita income data from the World Bank, Denmark’s per capita income is $6,000 higher than in the US.

GDP per capita (current US$)
Data from World Bank
2. Poverty rates At 6% of the population, Denmark has the 2nd lowest relative poverty rate in the OECD, well below the 11.3% OECD average. According to the US Census Bureau, the official poverty rate in the Unites States in 2014 was 14.8%. There were 46.7 million Americans in poverty.

3. Rate of employment With an employment rate of 72.8%, Denmark ranks 7th highest among the OECD countries, and above the OECD average of 66.2%. The employment rate in the US is 67%. In Denmark, any worker who worked at least 52 weeks over a three-year period, can qualify to have 90% of their original salary paid for, for up to two years. The percentage of out-of-work Americans receiving compensation from unemployment insurance is at its lowest level since the 1970s.

via anonhq 10 Reasons Why Denmark’s ‘Democratic Socialism’ Is Much Better Than America’s Crony Capitalism