"But, imagine if LeBron James took up smoking. Any success on the court would be despite his destructive habit not because of it. Sweden’s economic success has come in spite of its socialism."That's a great comparison.
"Licensing czars, an oppressive guild system, and a litany of other onerous regulations on free exchange were dramatically reduced or eliminated. In the century from 1850–1950, the population doubled and real Swedish incomes multiplied nearly tenfold. Despite the almost non-existence of a welfare state or any major state control of economic sectors, by 1950 Sweden was the fourth richest nation in the world. Sweden’s extraordinary growth during that century rivaled even that of the United States (Sweden was not a participant in the two World Wars). As a matter of fact, capital formation and wealth creation proved so abundant in Sweden during the global depression of the 1930s that even social democrats in the legislature practiced a form of salutary neglect to ensure the prosperity would continue. As with any other country, Sweden’s impressive capital stock was built by entrepreneurs operating in a free market system."But then, socialism.
"Sweden has managed to live comfortably for decades despite its many heavy-handed socialist policies only because so much capital stock was created in the decades prior (not to mention a sane monetary policy). Yet this capital consumption is eroding Sweden’s wealth. In 2007, Professor Mark J. Perry from George Mason University pointed out that if Sweden were to be admitted as a 51st state to the Union, it would be the poorest state in terms of unemployment and median household income. Yes, even poorer than Mississippi."Ouch.
Socialism is also causing decline in Norway.
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