Originally Posted by Horza[You must be logged in to view images. Log in or Register.]
[You must be logged in to view images. Log in or Register.]
“By the mid-19th century Sweden had legalized emigration, he says, “which resulted in most people just wanting to leave Sweden immediately for the U.S.” Back then, Swedish politicians and intellectuals looked to America as a model. Between roughly 1840 and 1870, classical liberals took power. “They basically did everything: save property rights, open business, free trade, beginning to open up for religious freedom, freedom of the press.”
Sweden was one of the world’s fastest-growing economies for nearly a century. But by the 1960s, the country began to take its wealth-creating prowess for granted. I tell Mr. Norberg about New York Mayor Bill de Blasio’s assertion: “There’s plenty of money in this world, it’s just in the wrong hands.” In 1960s Sweden, Mr. Norberg replies, “that’s almost verbatim what they said back then: ‘Now we’re this rich. Shouldn’t we just distribute it, and give it to the people and the places we like?’ ” Such thinking overtook the country’s dominant center-left Social Democratic Party.
We thought we could do anything, and we had all of those other preconditions: the work ethic, some sort of social pressure, which meant that people were doing the right things, and they wouldn’t want to live on the dole,” Mr. Norberg says. “And then for 20 years, from 1960 to 1980, we doubled the size of the government spending as a percentage of GDP. That’s the aberration in Swedish history.” The Swedish welfare state first was a safety net for the needy. Over time the political class moved to “socialize the lives of the middle classes as well.” The plan: “Increase their taxes, and their benefits, and then they will buy into this system.
The consequences were predictable. “It resulted in less work, people preferring to stay at home and paint the house rather than hiring someone to do it, general lack of getting the kind of education that matters. It led to entrepreneurs leaving Sweden.” Private-sector employment declined from the 1970s to the ’90s, while disposable-income and economic growth was relatively slow. Some of the country’s best companies and brightest minds fled an onerous inheritance tax”
More info here on how Sweden’s prosperity was built on capitalism:
I'm not a democrat or a republican. I'm not vaxed but identify as. I voted against Hilldabeast and FOR Trump. I don't fit into your preconceived notions. I'm just a geezer nearing graduation to the hereafter and don't see anything I can do to fix a problem the folks in charge are trying to keep broken.
Blaming either of the political parties is silly. It's the folks in charge of the government, whither elected or not, that are working together to screw stuff up.
Ultimately,
But you're gonna have to serve somebody, yes indeed
You're gonna have to serve somebody
It may be the devil or it may be the Lord
But you're gonna have to serve somebody
Originally Posted by Horza[You must be logged in to view images. Log in or Register.]
Stossel lmao
“Uh oh the info is solid, attack the source”
Edit: anyone who replies in 1 second didn’t read the info anyway, which is fine, it’s economics that wouldn’t make any sense to someone with half a high school education
Originally Posted by unsunghero[You must be logged in to view images. Log in or Register.]
More info here on how Sweden’s prosperity was built on capitalism:
Social democracy is a political, social, and economic philosophy within the socialist tradition.
Quote:
Originally Posted by unsunghero[You must be logged in to view images. Log in or Register.]
“Uh oh the info is solid, attack the source”
Edit: anyone who replies in 1 second didn’t read the info anyway, which is fine, it’s economics that wouldn’t make any sense to someone with half a high school education
Originally Posted by Whale biologist[You must be logged in to view images. Log in or Register.]
Social democracy is a political, social, and economic philosophy within the socialist tradition.
The video and article describe how it was a completely free capitalistic market that caused Sweden to be one the world’s fastest growing economies and it wasn’t until it began big government spending on social programs and a very high tax rate that it’s economy suffered and even social Democrats criticized it, entrepreneurs fled, etc
Originally Posted by unsunghero[You must be logged in to view images. Log in or Register.]
The video and article describe how it was a completely free capitalistic market that caused Sweden to be one the world’s fastest growing economies and it wasn’t until it began big government spending on social programs and a very high tax rate that it’s economy suffered and even social Democrats criticized it, entrepreneurs fled, etc
09-14-2021, 05:21 PM
Hybrid Mode
