The balance between unions and the industry simply works too well given the examples of Germany or the Nordic model.

FORBES: Is There Hope For Employment In Europe?

He professes devotion to the principles of the welfare state, but he wrote a stinging criticism of the Nordic model in his youth.

ECONOMIST: Out with the Social Democrats, in with the Moderates

Though social democrats, who invented the Scandinavian model, are still in power in four Nordic countries (as part of a five-party coalition in Finland), their hold is tenuous.

ECONOMIST: Remodelling Scandinavia