Swedish Socialism
I have made reference to Sweden in a previous post about socialism, gay and straight marriages and childrearing
Now Tyler Cowen of Marginal Revolution has an article about the current state of the Swedish economy.
1. No new net jobs have been produced in the Swedish private sector since 1950.
2. “None of top 50 companies on the Stockholm stock exchange has been started since 1970.”
3. “…well over 1 million people out of a work force of around four million did not work in 2003 but lived on various kinds of public welfare programs, such as, pre-pension schemes, unemployment benefits, sick-leave programs, etc.”
4. “Sweden has dropped from fourth to 14th place in 2002 among the OECD countries (i.e., affluent industrialized countries) in terms of GDP per capita since 1970.”
Read the entire post for the source links and Tyler’s comments.
| Go to Home - Most Recent Posts
November 16th, 2004 at 5:13 am
Eh, you must joke. Sweden is the second best land in the world to live in after Norway. And then Norway has oil, which gives them a lot of money.
February 2nd, 2005 at 1:52 pm
eeehhhhh….. and sweden is not hated in the world, it must be horrible to be a swede.