Thursday, July 30, 2020

American Capitalism vs. Swedish Socialism? πŸ€” You Decide πŸ‡ΈπŸ‡ͺπŸ‡ΊπŸ‡Έ

In Sweden the income inequality is low, but wealth inequality is almost as high as the US. Why, because in Sweden they have an excellent welfare state and more people are prepared to take risks when starting a business? If it all goes wrong, you won't end up being thrown out into the street without any healthcare or income coming in. So, lots of entrepreneurs in Sweden. Sweden seems to have perfect balance between capitalism and socialism.

Learn the differences between American Capitalism and Swedish Socialism. Sweden's economic and political model is often misunderstood, especially by Americans not familiar with social democracy. In this video, we present an unbiased comparison between American's economic model and Sweden's economic model, and let you decide for yourself which system you think is superior


Peter Pan said...

Tom says they've abandoned social democracy and embraced neoliberalism. Surely he wasn't being overly dramatic?

Sweden has a better social safety net than Canada.

Kaivey said...

It says a lot in the video how Sweden has embraced neoliberal ideas, but I've read how this has hampered Sweden's economy.

Peter Pan said...

The usual criticism is that social democracy hampers an economy. This video has some of that in it. Until their unions are crushed, don't expect Sweden to follow the US down the drain.

Peter Pan said...

Off-topic but interesting:

Green Root Podcast
Episode #16: State of the Forest Address (with Tim Hermach of Native Forest Council)