Sweden Was a Socialist Disaster
Democratic socialists, such as a large swath of the radical Democrat Party, like to single out Sweden as a socialist success, a model for all nations to follow. Not so fast, says Swedish historian Johan Norberg. “Sweden is not socialist.” He says that Sweden’s experimented with a system that resembled socialism in the 1970s and 1980s that failed miserably. “Big government taxed and spent heavily,” he says. “It was a period in Swedish history when our economy was going south.” At that point the Swedish population said, “Enough!” So Sweden reduced government’s role, cutting public spending, privatizing the national rail network, abolishing certain government monopolies, lowered taxes and reformed the pension system, among other moves. Now Sweden is regarded as one of the richest country’s on the planet. Here’s more from Norberg and host John Stossel on Stossel TV.
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