Category Politics and News

No, Denmark is not a Socialist Country.

327

Socialism is where the government owns or substantially controls the means of production and distribution of goods. (Cambridge Dictionary, Merriam-Webster) Nations like France, Germany, Sweden, Norway, Denmark, Canada… are capitalist nations. They are market economies, not centrally planned and controlled…

Survivorship Bias

Survivorship bias

In WWII, researcher Abraham Wald was assigned the task of figuring out where to place more reinforcing armor on bombers. Since every extra pound meant reduced range and agility, optimizing these decisions was crucial. So he and his team looked…