Swedish Economist Schools Sanders On The Ravages Of Socialism
https://www.investors.com/politics/editorials/swedish-economist-schools-sanders-on-the-ravages-of-socialism/
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At one time, Sweden, a small nation, had the fourth-largest economy in the world. That was in 1970. Twenty-five years later, the economy had tumbled to 14th and the private sector stopped creating jobs, according to Organization for Economic Cooperation and Development data. This wasn't caused by Sanders' demonic duo of capitalism and free markets. It was caused by the very policies he idolizes.
"Sweden got rich first with free trade and an open economy, before we had the big government," Swedish economist Johan Norberg explains in a new YouTube video.
"In the 1950s, Sweden was already one of the world's richest countries, and back then, taxes were lower in Sweden than in the United States."
It was only after that, says Norberg, "did we start expanding the government dramatically."
"And do you know what happened then? We started losing," says Norberg.
"It all ended in a terrible crisis."
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(Article does continue. Zim.)
Mad Poet Strikes Again.
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