What the Left Gets Wrong About Scandinavia - Fortune
If you want to measure the effects of high government spending and wealth
redistribution, there are plenty of other examples to draw lessons
from. “Why not bring up Italy or France?” Sanandaji asks, referring to
two other large, but less robust, economies with large welfare states.
If you look at the years in which these countries built the wealth their
citizens now enjoy, it was long before leftist ideas took hold. For
instance, from 1870 through 1936, Sweden was the fastest growing economy
in the world. But after 1975—when the Swedish state began to expand in
earnest—Sweden’s economy noticeably slowed, falling from the 4th richest
in the world to the 13th by the mid 1990s.
And Nordic voters are starting to take notice. Scandanavian governments have been paring down the size of their governments.
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