Social welfare policies of Scandinavian nations such as Sweden have been admired.
However, here's what an article in the Feb 1, 2016 issue of Fortune points out:
Will the US presidential candidates strike the right balance between welfare and economic growth?
Source: Fortune Feb 1, 2016
However, here's what an article in the Feb 1, 2016 issue of Fortune points out:
- Scandinavia built wealth that its citizens enjoy today long before leftist ideas took hold
- In fact, when Sweden's welfare state began to expand, economy noticeably slowed
- Not only do the larger welfare states of Italy and France have less robust economies, Scandinavia is slowly returning to its free-market roots.
Will the US presidential candidates strike the right balance between welfare and economic growth?
Source: Fortune Feb 1, 2016