Saturday, January 05, 2019

It’s not socialism, Jim

My Facebook friend (whom I actually know face to face) Jim, an electrician from Cleveland, keeps trying to convince people that socialism is OK because Sweden is a socialist country and look how great they are (they are also among the highest performing and wealthiest in the U.S. ethnic groups).

“We did have a period in the 1970s and 1980s when we had something that resembled socialism: a big government that taxed and spent heavily. And that’s the period in Swedish history when our economy was going south.”

Per capita gross domestic product fell. Sweden’s growth fell behind other countries. Inflation increased.
Even socialistic Swedes complained about the high taxes."

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