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President of Iceland, Olafur Ragnar Grimsson, explains the meaning of Democracy and why both Capitalism and Communism are bound to slowly evolve towards the Nordic Democracies

(1013-15) Capitalism and Communism have failed competition against real democracies represented by the Nordic Coutries. These democracies show superior results in most social, political and economic measures that are used to compare all countries.

A real democracy requires only a few incredients, like a good and universal education system, common health care to all citizens and safety nets for those who have fallen to hard times. Enterpreneurs are encouraged and rewarded but not allowed to rob the wealth from their fellow citizens.

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