The financial crisis has exposed a trend that has been in the works for some time. Since the fall of communism, some of the more socialist countries have learned lessons from the Soviet collapse: free markets work, and government planning does not. Meanwhile, the capitalist countries have slept through these …
“We are the United States of America, we are not Sweden.” U.S. Treasury Secretary Timothy Geithner, March 23, 2009. “The Swedish state is not prepared to own car factories.” Swedish enterprise minister Maud Olofsson, March 22, 2009. “Today, Treasury Secretary Tim Geithner and National Economic Council (NEC) Director Larry Summers …
A month ago, Obama explored the notion of nationalizing the banks under the Swedish model. Instead of the Swedish banking model, Obama should look at the school voucher program in Sweden for inspiration. The Pacific Research Institute recently had a video Op-Ed on the New York times Web site explaining …
The AP reports: The Swedish government agreed Thursday to scrap a three-decade ban on building new nuclear reactors, saying it needs to avoid producing more greenhouse gases. Sweden is a leader on renewable energy but is struggling to develop alternative source like hydropower and wind to meet its growing energy …
