Sweden is a common example of a generous welfare state that is compatible with a prosperous society. One interpretation of the UN Development Index is you improve your national ranking by becoming more like Sweden.
Assar Lindbeck has shown time and again in the Journal of Economic Literature and elsewhere that Sweden became a rich country before its highly generous welfare-state arrangements were created
Sweden moved toward a welfare state in the 1960s, when government spending was about equal to that in the United States – less that 30% of GDP.
Sweden could afford this at the end of the era that Lindbeck labelled ‘the period of decentralization and small government’. Sweden was one of the fastest growing countries in the world between 1870 and 1960.
Swedes had the third-highest OECD per capita income, almost equal to the USA in the late 1960s, but higher levels of income inequality than…
View original post 729 more words
Utopia, you are standing in it! 
Apr 07, 2016 @ 13:46:51
I do not think anyone would disagree that Sweden went too far.
Just remember Milton Friedman thought up the guaranteed minimum income.
Lots of leeway between there ans Sweden!
LikeLiked by 1 person