Recommendable! To quote Ronald Reagan: "Government is not the solution to our problem government is the problem"
"Sweden, long treated as a model of democratic socialism, has spent the past three decades moving toward freer markets. Following a period of economic stagnation and a financial crisis in the early 1990s, the country cut taxes, restrained public spending, opened parts of education and healthcare to private providers, and generally liberalized the economy. ..."
"“For decades, Sweden was shorthand for the brand of high-tax, high-spend government that managed people’s lives from cradle to grave through state-run hospitals, schools and care homes.
No longer. With little fanfare, this Nordic country of 11 million has embraced capitalism.
Today, nearly half of primary healthcare clinics are privately owned, many by private-equity firms. One in three public high schools is privately run, up from 20% in 2011. School operators are listed on the stock exchange.
Sweden’s experience has lessons—good and bad—for other rich countries ...
The capitalist makeover has allowed Sweden to do what few industrialized countries have managed in recent years: shrink the size of the state. That has enabled the government to sharply lower taxes and, economists say, sparked a surge in entrepreneurship and economic growth.
Its total public social spending bill—which includes healthcare, education and all welfare payments—has fallen to 24% of gross domestic product, similar to the U.S. and well below the over 30% for nations like France and Italy.
Sweden’s economy is expected to grow by around 2% a year through 2030, roughly the same pace as the U.S. and double the growth rates of France and Germany, according to an April forecast by the International Monetary Fund.”"
The World’s Most Surprising Capitalist Makeover Is Under Way in Sweden "The shake-up of cradle-to-grave care is lowering government spending, spurring innovation and stirring fears about those left behind"
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