Why is Scandinavia so expensive? | CNBC Explains

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  • Published on:  Thursday, May 24, 2018
  • Across Scandinavia, the average price of everything from a knitted roll neck to pastries from the local bakery are some of the highest in the world. So what makes the region so expensive? CNBC's Tom Chitty reports.-----Subscribe to us on YouTube: http://cnb.cx/2wuoARMSubscribe to CNBC Life on YouTube: http://cnb.cx/2wAkfMvLike our Facebook page:https://www.facebook.com/cnbcinternat...Follow us on Instagram:https://www.instagram.com/cnbcinterna...Follow us on Twitter:https://twitter.com/CNBCi
  • Source: https://youtu.be/-VJX2W3O9Ek
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Comment

  • Fjäll

     1 years ago

    I Love ScandinaviaLast weekend my brother broke his collarbone and his elbow when skating. He is now off from work for 6 months with 80% paid leave and of course he didnt spend anything on health care.My mother have cancer and is 2 years into her treatment also with "salary" and free health care.My nephew just graduated and is on his way to become a doctor, also without any debt.I pay high taxes but i still can afford mortgage, car, vacation trips and so on with money to spare with 5 wee...

  • Badger State

     11 days ago

    Skating. Yeah, right. You mean in your Jihad against white girls.

  • Daily Watch

     24 days ago

    I wish to be there too! What the most In demand works there ,?? Anybodyyyy

  • Asama47815673

     6 months ago

    Because of taxes.There, saved you 5 minutes of your life. You're welcome.

  • Juan Diego Torres

     13 days ago

    Thank you!

  • Lohe221

     2 months ago

    dweeb

  • craig owensby

     4 months ago

    Why not also mention that minimum pay is also much higher, and since the people need not save for basic retirement, paying for education, paying for healthcare, or for so much public infrastructure at quality levels far above most countries, the impact of high prices still leaves their citizens better off that other countries.

  • Mr Slate

     17 hours ago

    You win the stupid comment of the year award

  • jerry bonenfant

     8 days ago

    I never thought of it that way

  • E. K. Odentroll

     1 years ago

    You want a society that works you have to pay for it....

  • Ben Chesterman

     1 months ago

    Works for unproductive and bums that pay fuck all tax

  • John Doe

     1 months ago

    @Tom L No, born, raised and studied in a Scandinavian country. Been employed both in the private sector and by the state.My statements are purely based on my knowledge of private vs state run business'es.

  • Julian L. Ellingsen

     6 hours ago

    I live in Norway🇳🇴 Thats In Scandinavia!

  • mchlbk

     1 years ago

    In Scandinavia everything just works. They've figured out how to make the free market work for the people. Ideology has largely been replaced by pragmatism and focus on solutions that actually work. Capitalism is a good motor but a lousy driver. Socialism is all driver and no motor at all. Combine the two, add complete transparency, equality, freedom of speech and efficient democracy where the politicians are normal people who actually serve the voters - and you have an unparallelled and superior syst...

  • broomsterm

     29 days ago

    You're an ignoramus. I cannot begin to explain how wrong you are.

  • Gery A

     29 days ago

    Verry well said. But this model only work in non-fragmented monoracial societies like the nordic countries.Their cohesion is fastly changing due to migration in places like sweden. Oh well guess nothing lasts for ever....

  • vendomnu

     5 months ago

    Dane here.The video is actually pretty accurate, to my surprise.Two corrections though:A) The corporate tax is only paid on the surplus and a company can use a deficit in year one to offset a surplus in year two, so the surplus doesn't get taxed. Corporate taxes provide very little tax revenue - especially since liberal (actual meaning of the word, not the US definition) governments have hollowed out our tax revenue agency to the point of corporate cheating going unnoticed and unpunished.B) Beer ...

  • SY NORSE

     16 days ago

    @John Doe Most supermarkets sell beer in Norway. For liquor you have to go to the special store called Vinmonopolet.

  • John Doe

     2 months ago

    Agreed, while beer is expensive and can only be bought in special shops in Sweden and Norway, in Denmark any person aged 16 or above can buy beer, that is sold from every supermarket and kiosk. A normal 33cl beer of a brand name usually cost less than a doller (Plus a bit for the bottle that is paid back if you remember to return the bottle for recycling).

  • Techno MasterDude

     11 months ago

    Well if you don't like paying taxes, come to Mexico, the land of corruption. Here the national sport is tax evasion. You also won't find terrorists here, because the cartels/narcos/druglords/kingpins or you name it, pretty much run the country and the politicians. There's no need for terror, people get decapitated and killed every day in every major city here.Hence the miserable state of the infrastructure of this rather resource rich country for the few, the corrupt, and the extravagant wealthy. Forg...

  • Ryan

     9 days ago

    @WolfPackStark You should be more respectful

  • Ryan

     9 days ago

    @Enrique Maybe you should be more respectful

  • akyhne

     6 hours ago

    One thing not mentioned, is, that the Scandinavian countries have low negotiation power, due to small populations.Denmark 5,8 millionSweden 10,2 millionNorway 5,3 millionIt's much easier for German Aldi to negotiate good deals on fruit from let's say Spain, due to a big population (83 million), than for the Danish Aldi.Yes, the Scandinavian countries often have high taxes on unhealthy stuff, like sugar, sweet, alcohol, cigarettes etc. But many things have no taxes, except for the VAT. But VAT is ...

  • Ejwa TaIliss

     5 months ago

    This video fails to bring up the argument that while yes the prices are high the salaries are equally higher, so in practice it's just the same as any other country...

  • rtgtx

     2 months ago

    Right, just the same. Higher income with higher prices lead to a mediocre living standard just the same as any other.

  • john sandy

     3 months ago

    @Phil Ly Can´t use the average income for shit.... 1. US have the riches people in the world.. = THEY bring up that average, it says NOTHING about how the average american are doing... And second, yes income for the middle and "low" classes are MUCH higher in Denmark (we don´t really have a working low class in Denmark).. Unemployed are "low class", yet still MUCH richer then unemployed and mayby then lowclass workers in the US) An unemployed in Denmark get between 1k and 1,5k (up ...