Some 250 years ago, the area we recognize now as “Sweden” was a frozen tundra inhabited by a huddled mass of starving peasants. Their lives were tightly controlled by a series of kings, aristocrats, and other men of artificially high esteem. As award-winning author, Johan Norberg points out in this excellent piece on Sweden, it took a series of classically-liberal minded revolutionaries to wrestle control from the elites and put Sweden on a path to prosperity.
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.
quarta-feira, novembro 25, 2015
O Modelo Sueco