Sweden, Capitalism, and the Welfare State
This one from the excellent weblog Finland for thought:Sweden, Capitalism, and the Welfare State
In the 2002 Global Entrepreneurship Monitor survey Sweden ranked in the 31st place among 37 countries when it came to start-up of new companies. None of the large Swedish companies were established later than 1970. It is not a coincidence that Sweden has gone from being the fourth richest country in the world in 1970 to being the fourteenth richest in 2002. Today the average American has 37 percent higher purchasing power and almost twice as high private consumption as the average Swede. More than 30 percent of the Swedish population falls below the American poverty line.
posted by Unknown @ 11:49 AM
1 Comments:
It's just a shame that mother nature dislikes planned economies so much that she always delivers decades of bad weather to any socialist/communist country. The Russians went from being a major exporter to a massive importer of grain. That darn mother nature meted out 50 years of bad weather to cripple the communists.
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