“Because of their more limited inequality and more comprehensive social welfare systems, many perceive average welfare to be higher in Scandinavian societies than in the United States. Why, then, does the United States not adopt Scandinavian-style institutions?” asked three researchers in a recent MIT paper that can be downloaded here. “More generally, in an interdependent world, would we expect all countries to adopt the same institutions?”
In this week’s What in the World on GPS this Sunday at 10 a.m. & 1 p.m. ET, Fareed Zakaria takes a look at the surprisingly free market countries of Scandinavia, and what the United States can – and can’t – adopt from them.