Pure theoretical capitalism can't exist in the real world (zero transaction fees, perfect symmetric information, etc.).
Therefore, capitalist countries regulate their economies to make up for this: consumer protections (must have a license to perform surgery), measures to curtail the public good paradox (pollution regulation), etc.
In the US, we lean toward less regulation than many European countries and we reap different outcomes as a result.
Generally: if it's easier to hire/fire employees and pay them the price you choose, it's easier to take a risk with a new business.
Empowering unions discourages business risk. Empowering companies encourages monopolistic behavior. There are tradeoffs on both sides.
That being said, Denmark has 5.8 million people who are 86% Danish[0], which is roughly the population of the Atlanta metropolitan area [1]. It is difficult to draw confident conclusions from a comparison between the US and Denmark given the vast differences between them. The US path to "Nordic levels of equality" may look much different from the Nordic one.
[0] https://en.wikipedia.org/wiki/Denmark
[1] https://en.wikipedia.org/wiki/Atlanta
Therefore, capitalist countries regulate their economies to make up for this: consumer protections (must have a license to perform surgery), measures to curtail the public good paradox (pollution regulation), etc.
In the US, we lean toward less regulation than many European countries and we reap different outcomes as a result.
Generally: if it's easier to hire/fire employees and pay them the price you choose, it's easier to take a risk with a new business.
Empowering unions discourages business risk. Empowering companies encourages monopolistic behavior. There are tradeoffs on both sides.
That being said, Denmark has 5.8 million people who are 86% Danish[0], which is roughly the population of the Atlanta metropolitan area [1]. It is difficult to draw confident conclusions from a comparison between the US and Denmark given the vast differences between them. The US path to "Nordic levels of equality" may look much different from the Nordic one.
[0] https://en.wikipedia.org/wiki/Denmark
[1] https://en.wikipedia.org/wiki/Atlanta