Ludwig von Mises Institute The welfare state finally imploded under financial problems in what can best be categorized as an economic depression in the early 1990s. The social democratic government resigned, government lost control (to the extent it ever had any), and politicians from all parties got together to enforce strict budget discipline (no deficits) and consistently cut back on the state’s generous welfare benefits. At the same time, pseudo-market forces were reintroduced through Friedmanite voucher systems, private health care was no longer prohibited, and the national pharmacy monopoly was privatized. Even Sweden’s railway traffic is now carried out largely by private companies. Also, since 2006, Sweden has also seen relatively extensive (for being Sweden, at least) tax cuts. bastiat.mises.org/2014/01/turning-their-backs-on-swedens-welfare-state/
Posted on: Tue, 28 Jan 2014 14:32:25 +0000