I think it has been established that countries like Denmark, bristle at the term Democratic Socialist. They call themselves Social Democrats and the fact that they bristle at the first, tells me they do not want to be refereed to as Socialist even with Democrat attached.
Apparently they see a big difference in being Social but not a Socialist.
https://www.vox.com/2015/10/31/96500...bernie-sanders
Denmark's prime minister says Bernie Sanders is wrong to call his country socialist
In the PM's speech, he warns that under his system, they have to be very careful as to not offer to much welfare as it could lead to a lack of incentive to work. If a society like Denmark can not instill that "personal responsibility" in it's citizens, their system will not work and IMHO, this can only happen in a more homogeneous society not the vast multiculturalism we have in our country. Our Democratic Socialists are more about "identity politics" and pitting one against another. The PM also spoke about the difficulties in allowing to many immigrants in that will to work for lower wages, up-setting the delicate balance of a welfare state as they call themselves.
We can't be Denmark for all the reasons I have just stated.
Originally Posted by HedonistForever
I talked to several individuals while traveling in those countries I mentioned. Not one complained about the system. Are there downsides? Certainly. The one worry that people in the U.S. have as they approach retirement age is whether or not they will have enough money to get by. Their income will decrease, as mine did.
"The most frequently cited retirement fear is “outliving my savings.” Fifty two percent of all workers (young and old) say that they fear outliving their savings and investments, and 42% are concerned that they will not be able to meet the basic financial needs of their household." Jun 29, 2020
Again, I am not saying I support moving all-in to such a system. I am saying that Democratic Socialism, or whatever one wants to call it, seems to work very well in those countries where it is instituted and does not conflict with capitalism.