{"id":5347,"date":"2012-08-28T13:48:22","date_gmt":"2012-08-28T17:48:22","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=5347"},"modified":"2012-08-28T13:48:22","modified_gmt":"2012-08-28T17:48:22","slug":"sweden-paper-august-2012-pdf-applicationpdf-object","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/28\/sweden-paper-august-2012-pdf-applicationpdf-object\/","title":{"rendered":"Sweden: Failure of the welfare state experiment"},"content":{"rendered":"<p>&#8230;..Sweden has a large welfare state and is successful. This is often seen as a proof that a \u2018third way\u2019 policy between socialism and capitalism works well, and that other nations can reach the same favourable social outcomes by simply expanding the size of government. If one studies Swedish history and society in-depth however it quickly becomes evident that this simplistic analysis is flawed. The Swedish experience might as well be used to argue for the benefits of free-market oriented policies, and as a warning of the economic and social problems that can arise when government involvement in society becomes too large&#8230;&#8230;.In the long run&#8230;.. even the well-functioning societies in Scandinavia have been adversely impacted by welfare dependency and high levels of taxation. The \u2018third way\u2019 policy has not persisted &#8211; it can be viewed as a short-lived and failed experiment. Throughout most of its modern history Sweden has had a favourable business environment. The period characterised by the most extensive welfare state policies, where Sweden deviated strongly from the western norm, around 1970-1995, is an exception. That period was associated with a stagnant economy.<\/p>\n<p>&#8230;&#8230;.The transition towards an extensive welfare state that occurred in Sweden led&#8230;.. to an economic cost in terms of reduced entrepreneurship, as taxes and regulation hindered the development of private businesses. It also led to a significant crowding out of private employment. Between 1950 and 2005, the Swedish population grew from seven to nine million, but net job creation in the private sector was zero. Jobs in the public sector expanded rapidly until the end of the 1970s. As it became difficult to further expand the already large public sector, job creation simply stopped (Bjuggren and Johansson, 2009).<\/p>\n<p><a href=\"http:\/\/www.iea.org.uk\/sites\/default\/files\/publications\/files\/Sweden%20Paper%20August%202012.pdf\">Nima Sanandaji, The Institute of Economic Affairs, Sweden Paper August 2012.pdf (application\/pdf Object)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8230;..Sweden has a large welfare state and is successful. This is often seen as a proof that a \u2018third way\u2019 policy between socialism and capitalism works well, and that other nations can reach the same favourable social outcomes by simply expanding the size of government. If one studies Swedish history and society in-depth however it &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/28\/sweden-paper-august-2012-pdf-applicationpdf-object\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Sweden: Failure of the welfare state experiment&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,33],"tags":[3311,3663],"class_list":["post-5347","post","type-post","status-publish","format-standard","hentry","category-economy","category-uk-europe-countries-regions","tag-sweden","tag-welfare-state"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sweden: Failure of the welfare state experiment - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sweden: Failure of the welfare state experiment - the patient investor\" \/>\n<meta property=\"og:description\" content=\"&#8230;..Sweden has a large welfare state and is successful. This is often seen as a proof that a \u2018third way\u2019 policy between socialism and capitalism works well, and that other nations can reach the same favourable social outcomes by simply expanding the size of government. If one studies Swedish history and society in-depth however it &hellip; Continue reading &quot;Sweden: Failure of the welfare state experiment&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/28\/sweden-paper-august-2012-pdf-applicationpdf-object\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-08-28T17:48:22+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/28\/sweden-paper-august-2012-pdf-applicationpdf-object\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/28\/sweden-paper-august-2012-pdf-applicationpdf-object\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Sweden: Failure of the welfare state experiment\",\"datePublished\":\"2012-08-28T17:48:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/28\/sweden-paper-august-2012-pdf-applicationpdf-object\/\"},\"wordCount\":302,\"commentCount\":32,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"keywords\":[\"Sweden\",\"welfare state\"],\"articleSection\":[\"Economy\",\"UK &amp; Europe\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/28\/sweden-paper-august-2012-pdf-applicationpdf-object\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/28\/sweden-paper-august-2012-pdf-applicationpdf-object\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/28\/sweden-paper-august-2012-pdf-applicationpdf-object\/\",\"name\":\"Sweden: Failure of the welfare state experiment - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"datePublished\":\"2012-08-28T17:48:22+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/28\/sweden-paper-august-2012-pdf-applicationpdf-object\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/28\/sweden-paper-august-2012-pdf-applicationpdf-object\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/28\/sweden-paper-august-2012-pdf-applicationpdf-object\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Sweden: Failure of the welfare state experiment\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.\",\"sameAs\":[\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\",\"https:\/\/www.instagram.com\/colin_thepatientinvestor\",\"https:\/\/au.linkedin.com\/in\/colintwiggs\"],\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Sweden: Failure of the welfare state experiment - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Sweden: Failure of the welfare state experiment - the patient investor","og_description":"&#8230;..Sweden has a large welfare state and is successful. 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In 2011-12, government spending was 53.1 per cent of GDP, paid for by taxes on the average worker of 42.7 per cent. The country\u2019s \u201ccradle to grave\u201d social security system has long\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10993,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/09\/26\/how-laissez-faire-made-sweden-rich-libertarianism-org\/","url_meta":{"origin":5347,"position":1},"title":"How Laissez-Faire Made Sweden Rich | Libertarianism.org","author":"ColinTwiggs","date":"September 26, 2014","format":false,"excerpt":"From Johan Norberg: ...But in one century, everything was changed. Sweden had the fastest economic and social development that its people had ever experienced, and one of the fastest the world had ever seen. Between 1850 and 1950 the average Swedish income multiplied eightfold, while population doubled. Infant mortality fell\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7891,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/08\/why-sweden-has-riots-cato-institute\/","url_meta":{"origin":5347,"position":2},"title":"Why Sweden Has Riots | Cato Institute","author":"ColinTwiggs","date":"June 8, 2013","format":false,"excerpt":"Johan Norberg explains why Sweden, with the lowest poverty rate (1.2%) in Europe, still experiences riots amongst disaffected, largely immigrant youth in parts of Stockholm: ......there is serious inequality in Sweden, but the divide is not so much between the rich and the poor as between those with jobs and\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5796,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/23\/australia-becoming-a-welfare-dependent-state\/","url_meta":{"origin":5347,"position":3},"title":"Australia: Becoming a welfare-dependent state","author":"Colin Twiggs","date":"October 23, 2012","format":false,"excerpt":"Extract from an opinion by Robert Carling: In democratic welfare states, the proportion of the electorate that attracts more in social benefits from government than it pays in tax has become so large that candidates who promise to curb the welfare state have a hard time winning elections. The same\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6325,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/03\/noam-chomsky-europes-policies-make-sense-only-on-one-assumption-that-the-goal-is-to-try-and-undermine-and-unravel-the-welfare-state-europp\/","url_meta":{"origin":5347,"position":4},"title":"Noam Chomsky: \u201cEurope\u2019s policies make sense only on one assumption: that the goal is to try and undermine and unravel the welfare state.\u201d &#124; EUROPP","author":"Colin Twiggs","date":"December 3, 2012","format":false,"excerpt":"Noam Chomsky in an interview with EUROPP editors Stuart A Brown and Chris Gilson: Europe\u2019s policies [austerity during a recession] make sense only on one assumption: that the goal is to try and undermine and unravel the welfare state. And that\u2019s almost been said. Mario Draghi, the President of the\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7583,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/28\/australia-dangerous-growth-of-the-welfare-state\/","url_meta":{"origin":5347,"position":5},"title":"Australia: Dangerous growth of the welfare state","author":"ColinTwiggs","date":"April 28, 2013","format":false,"excerpt":"Michael McLaren from 2GB speaks with Benjamin Herscovitch, Policy Analyst at The Centre for Independent Studies, who discusses the dangerous growth of the welfare state in Australia. Listen to the audio interview The CIS has launched a TARGET 30 campaign to restrict government spending -- currently 35 percent of GDP\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=5347"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5347\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=5347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=5347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=5347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}