Tom Woods Debunks the “Socialist Sweden” Myth

by | Nov 4, 2022

 

There’s plenty to say regarding Sweden: (1) its “socialist” policies were made possible by wealth created under an essentially capitalist economy (as recently as the 1950s, remember, government spent less as a percentage of GDP in Sweden than in the U.S.); (2) Swedes earn about 50 percent more in the U.S., in our supposedly wicked economy; and (3) since Sweden’s explosion of social welfare spending there have been zero jobs created on net in the private sector.

– Thomas E. Woods Jr., Ph.D., Socialism Sucks

Also note that the Nordic countries have more economic freedom than the United States (Freedom Index).

The funny thing is that if the Sanders and Ocasio-Cortezes of the world made the U.S. more like Sweden, what would really happen? They haven’t updated their perception of Sweden and if the U.S. became more like us, the United States would have to have more free markets, more free trade, pension reform with private accounts, a national school voucher system with freedom of choice and public funding going to private schools as well, low corporate taxes and no taxes on wealth, property and inheritance. Be careful what you wish for.

Johan Norberg, Lessons From Sweden

About Keith Knight

Keith Knight is Managing Editor at the Libertarian Institute, host of the Don't Tread on Anyone podcast and editor of The Voluntaryist Handbook: A Collection of Essays, Excerpts, and Quotes.

Our Books

thisone

Related Articles

Related

Black History Month?

If a Martian social scientist were to visit America, he surely would assume that Black History Month had been concocted by racists. And he'd be right -- for a racist qua racist need not bear ill will toward a particular group. What makes someone a racist is the very...

read more
ESG in Canada

ESG in Canada

When I talk about ESG it isn’t out of concern for the corporations being regulated, it is out of concern as to how it affects the common man. While many dismiss my concern as a “conspiracy theory” cutting people off from their money and financial institutions is in...

read more

Pin It on Pinterest

Share This