That standard of living is only possible because it is a small company propped up by the economies of much larger capitalist nations. Anyway, clearly you don't see much wrong with this tend of creeping socialism. Maybe you should try arguing for your point instead of assuming that you're right by default?
Cite statistics. Of course you won't because you have no idea what you're talking about. This may sound presumptuous but the evidence (below) proves its veracity....
More Swedes become dollar millionaires
Last year, the number of dollar millionaires in Sweden rose to a record high 50,000.
The figure increased by 1,700 from the year before, which represents a growth rate of 3.5 percent.....
(later in the article )
Dollar millionaires include individuals with economic assets equal to at least one million US dollars, excluding one’s private residence......Even in the United States, however, growth in the number of dollar millionaires has dropped drastically, down to 4.4 percent compared with 10.3 percent in 2006.
Countries with the highest growth in the number of dollar millionaires include China, Brazil, and Korea.
The collective net worth of the world’s dollar millionaires grew in 2007 to $40.7 trillion, an increase of 9.4 percent.
The study was carried out by CapGemeni and Merrill Lynch for the twelfth year in a row and includes statistics from 71 countries.
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From the CIA World Factsheet:
Economy - overview:
Aided by peace and neutrality for the whole of the 20th century, Sweden has achieved an enviable standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. It has a modern distribution system, excellent internal and external communications, and a skilled labor force. In September 2003, Swedish voters turned down entry into the euro system concerned about the impact on the economy and sovereignty. Timber, hydropower, and iron ore constitute the resource base of an economy heavily oriented toward foreign trade.
Privately owned firms account for about 90% of industrial output, of which the engineering sector accounts for 50% of output and exports. Agriculture accounts for only 1% of GDP and 2% of employment. Until 2008, Sweden was in the midst of a sustained economic upswing, boosted by increased domestic demand and strong exports. This and robust finances offered the center-right government considerable scope to implement its reform program aimed at increasing employment, reducing welfare dependence, and streamlining the state's role in the economy. Despite strong finances and underlying fundamentals, the Swedish economy slid into recession in the third quarter of 2008 and growth continued downward in the fourth as deteriorating global conditions reduced export demand and consumption. On 3 February 2009, the Swedish Government announced a $6 billon rescue package for the banking sector.
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Now, help one to understand how all these people are becoming millionaires under the dillusional economic structure you think exists in Sweden?
The fact of the matter is virtually every advanced economy is MIXED and some are getting it right and some don't. Extreme capitalism is as bad as extreme socialism and this contention has empirical data not personal supposition to back it up....
Enjoy your day.
