Is America Ready for Nordic Capitalism

  1. The wealth gap is only getting wider. Low wages lead to inadequate food, clothing and housing, poverty, slums, and homelessness. And the middle class is getting smaller.
  2. Some low income people will pursue a life of crime. Many wealthy families live in gated communities with private police forces.
  1. The essence of capitalism is property rights, economic freedom, regulations, and rule of law.
  2. Capitalism takes on many forms: U.S. capitalism, Nordic capitalism, Japanese capitalism, and Chinese capitalism. These vary from “free capitalism,” “crony capitalism,” and “ highly regulated capitalism.”
  3. Capitalism has been a major contributor to raising the standard of living and innovating new and better products.
  4. Capitalism has led to high growth but very unequal income and wealth distribution.
  5. The American people would benefit if American Capitalism could move closer to Nordic Capitalism.



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Philip Kotler

Philip Kotler


Philip Kotler is the S.C. Johnson and Son Distinguished Professor of International Marketing, Kellogg School of Management, Northwestern University (emeritus)