Is Finland a capitalist country?

Germany is either socialist or capitalist

The so-called “Nordic countries” – Sweden, Denmark, Norway, Finland and Iceland – historically share a very similar identity, culture and values, but also a political system that the media avoid defining as “socialist” to avoid similarities with European parties that present a very similar social and economic agenda.

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Successful socialist countries

As of 2018, all Nordic countries are among the countries with the highest inequality-adjusted HDI and global peace index. As of 2019, all five Nordic countries are among the top ten countries in the global happiness index[14].

The origin of the Nordic model can be traced back to the “great compromise” between workers and employers driven by the agrarian and labor parties in the 1930s. After a long period of economic crisis and class struggle, the “great compromise” served as the basis for the post-World War II Nordic model of welfare and labor market organization. The key feature of the Nordic model was the centralized coordination of wage bargaining between employers and trade unions, called the “social partnership,” which provided a peaceful means of addressing the class conflict between capital and labor.[3] The Nordic model’s key feature was the centralized coordination of wage bargaining between employers and trade unions, called the “social partnership,” which provided a peaceful means of dealing with the class conflict between capital and labor.[3

Social security and collective wage bargaining policies receded following the economic imbalances of the 1980s and the financial crises of the 1990s, which led to more restrictive fiscal policies, most pronounced in Sweden and Iceland. Nonetheless, social spending in the Nordic countries remained high compared to the European average.[12] The Nordic countries’ social spending remained high compared to the European average.[12] The Nordic countries’ social spending remained high compared to the European average.

Non-capitalist countries

Finland had belonged to Sweden during modern times, but in times of the Napoleonic wars it became dependent on Tsarist Russia. Tsar Alexander I had signed the Treaty of Tilsit with Napoleon in 1808, which gave him a free hand to occupy Finland. By the Treaty of Friedrickshamamn (1809), the country became a Grand Duchy with autonomy in various matters: its own parliamentary Diet, army, currency, etc…

Doctor in History, Secondary School teacher and regular contributor to La Mar de Onuba, author of research works in Modern and Contemporary History, as well as Historical Memory, member of the Federal Group of Historical Memory of the PSOE.

Norway is either socialist or capitalist

In 1991, Finland suffered a deep recession caused by economic overheating and the economic collapse of the USSR, which meant the end of the special foreign trade relations it maintained with the defunct Soviet Union that had come to account for 20% of foreign trade.

In 2020, the country was the 41st largest exporter in the world (US $ 73.3 billion, 0.4% of the world total). In the sum of exported goods and services, it reached US$ 107.4 billion, ranking 36th in the world. [16][17] In terms of imports, in 2019, it was the 43rd largest importer in the world: US $ 73.5 billion. [18]

In livestock, Finland produced, in 2019, 2.3 billion liters of cow’s milk, 168 thousand tons of pork, 130 thousand tons of chicken meat, 87 thousand tons of beef , among others. [21]

In 2019, Finland was the 38th largest vehicle producer in the world (114 000) and the 37th largest steel producer in the world (3.5 million tons). [23][24][25] The country was also the world’s seventh largest producer of paper in 2019. [26]