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Free Market Sweden, Social Democratic America – Samuel Gregg

09/30/2011

“Sweden” isn’t the first word that normally crosses our minds when we hear the expression “free market.” But if President Obama, Paul Krugman, Warren Buffett, and other progressives want to find ways out of America’s seemingly-intractable economic crisis, they might consider looking to the country once viewed as the very model of a modern Social Democracy.

They’re likely to be surprised — and probably appalled — by what they discover. For while America has opted for more deficit-spending, bailouts, socialized medicine, easy money, failed state-subsidized Solyndra-like green businesses, “job-plans,” and thus-far unsuccessful efforts to raise taxes, Sweden has been quietly turning social democracy into a museum-piece.

No one will be surprised to learn that Sweden was among the first European countries to create a modern welfare state. Between 1911 and 1914, Karl Staaff’s Liberal government introduced some of Europe’s first national pension and insurance schemes. Over time, additional programs were added.  […]

Continue reading at American Spectator.

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