Bernie's Right—America Should Be More Like Sweden
. . . and unsurprisingly, Sweden should be much more like America.
Johan Norberg is an excellent economist who has taken the time to write and nice concise synopsis on what made Sweden prosperous, what eroded that prosperity, and what is now rebuilding that prosperity.
As expected, he finds that the necessary ingredients are republican governance (Sweden's Constitutional Monarchy), free markets, reformed religions (Sweden's Lutheran religious history, and its work ethic), significant limitations on government regulation of the business, personal, and trade elements in society, and a tightly cohesive homogenous population. He also admits that the cohesive homogenous population is not possible in the US, and is no longer a possibility in Sweden due to recent immigrations.
The basic story is that Sweden became wealthy at about the same time as America 1800-1950, and this occurred prior to the period of the Swedish Social Democratic experiment, a failed experiment which reduced Sweden from 4 wealthiest nation in the world, to the 14th. A swift and steep fall from grace.
Today, Sweden is digging out of its failed tryst with socialism by privatizing, becoming reacquainted with free markets, and trade.
Read the whole thing it is well worth your while.