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Harald Eia – Where in the world is it easiest to get rich?

Summary:
An absolutely brilliant TEDx talk which shows that left-wing economics can work far better than right-wing economics - which is something us socialists have been saying all along.So, is the 'low regulations, ultra free market' just nothing but right wing propaganda put out by billionaire funded think tanks? Well, if you want to get rich, then emigrate to the high tax, strong union, large welfare state (which like to redistribute money back to the poor) countries.Herald Eia is a very entertaining speaker, so it was a delight to watch. [embedded content] In which society is it easiest to get rich? Contrary to common belief, it is not countries like the US or the UK that create the highest number of rich people per capita, but Nordic social democracies like Norway and Sweden. Counter

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An absolutely brilliant TEDx talk which shows that left-wing economics can work far better than right-wing economics - which is something us socialists have been saying all along.

So, is the 'low regulations, ultra free market' just nothing but right wing propaganda put out by billionaire funded think tanks? Well, if you want to get rich, then emigrate to the high tax, strong union, large welfare state (which like to redistribute money back to the poor) countries.

Herald Eia is a very entertaining speaker, so it was a delight to watch.


In which society is it easiest to get rich? Contrary to common belief, it is not countries like the US or the UK that create the highest number of rich people per capita, but Nordic social democracies like Norway and Sweden. Counter intuitive as it may sound, high taxes, generous welfare states and strong unions makes a better environment for the people who wants to earn huge amounts of money, than free markets, low taxes, and minimal government intervention.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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