Sweden got more socialist, economy now booming

allpurpleallgold

https://m.youtube.com/watch?v=WlAR1I1sVCg

Kaepsknee

Oh My! Where do I start? Their whopping 3.1 GDP growth is what this country used to do in their sleep. And this thing isn't even 2 years old yet.

They also don't have that little burden of say making sure the world doesn't blow itself up. And believe me, when I say it costs a hare over what the subsidized daycare is runnin in Sweden.

Dude finally got to budget and they offered a quote that would make Donald Trump blush.

It was something to the effect that when you compare Swedens budget to the rest of the EU, there is a "relative surplus"

Fuck I'd love to live in Utopia too. And there's little doubt that Sweden can somewhat sustain what they're doing.

But they have little burden outside of their borders. We already tried this shit under Obama. It just wasn't budgeted or funded. And our GDP didn't even reach the mythical 3%

AZDuck

HI. Sweden, as a non-NATO member, spends much more than most European countries for defense and Swedish defense spending as a proportion of GDP has been comparable to America's for most of the past 50'years, and spending is also rising under the current government. Sweden also maintains a vigorous defense industry which produces most of the armaments purchased by the Swedish armed forces.

Stockholm is only 430 miles from St. Petersburg.

Mosster47

AZDuck said:

HI. Sweden, as a non-NATO member, spends much more than most European countries for defense and Swedish defense spending as a proportion of GDP has been comparable to America's for most of the past 50'years, and spending is also rising under the current government. Sweden also maintains a vigorous defense industry which produces most of the armaments purchased by the Swedish armed forces.

Stockholm is only 430 miles from St. Petersburg.

This. I was there last year. They are currently upgrading their Air Force and building the planes themselves.

Scandinavia has passed us. It's eye opening when you see it in person.

allpurpleallgold

AZDuck said:

HI. Sweden, as a non-NATO member, spends much more than most European countries for defense and Swedish defense spending as a proportion of GDP has been comparable to America's for most of the past 50'years, and spending is also rising under the current government. Sweden also maintains a vigorous defense industry which produces most of the armaments purchased by the Swedish armed forces.

Stockholm is only 430 miles from St. Petersburg.

BOOM! Roasted.

PurpleJ

People forget that Sweden had a top 5 economy in the world before they went socialist.

Pitchfork51

It's also a cold shithole.

Shut up

PurpleThrobber

AZDuck said:

HI. Sweden, as a non-NATO member, spends much more than most European countries for defense and Swedish defense spending as a proportion of GDP has been comparable to America's for most of the past 50'years, and spending is also rising under the current government. Sweden also maintains a vigorous defense industry which produces most of the armaments purchased by the Swedish armed forces.

Stockholm is only 430 miles from St. Petersburg.

So they are pretty well fucked no matter how little or much they spend on defense.

AZDuck

PurpleJ said:

People forget that Sweden had a top 5 economy in the world before they went socialist.

Not the case.

Around the year 1900, more than half of the population of Sweden worked in the agricultural sector. Sweden was poor but it was a nation adapting rapidly to the age of industrialization. Although Sweden was a slow starter compared to other European countries, once the industrialization process set off the economy developed at a rapid pace.

http://www.ekonomifakta.se/en/Swedish-economic-history/swedish-economic-history2/Agricultural-toward-Industrial/

The party's first chapter in its statutes says "the intension of the Swedish Social Democratic Labour Party is the struggle towards the Democratic Socialism," that is, a society with a democratic economy based on the socialist principle, "From each according to his ability, to each according to his need." Since the party held power of office for a majority of terms after its founding in 1889 through 2003, the ideology and policies of the Social Democratic Party (SAP) have had strong influence on Swedish politics.[15]

https://en.wikipedia.org/wiki/Swedish_Social_Democratic_Party#Political_impact_and_history

dra åt helvete

PurpleJ

Yes it was poorer in the 1800s before a wave of economic reform and a long period of peace. Relatively low government spending coupled with liberal economic policies (i.e. free market capitalism) sparked a period of growth that continued until the mid 20th century when things eventually started to sour due to socialist policies enacted during the 1950s.

PurpleThrobber

The Swedes needs some Tudor-like bloodshed to get Princess Sofia on the throne.

Pitchfork51

PurpleThrobber said:

The Swedes needs some Tudor-like bloodshed to get Princess Sofia on the throne.

I have no idea what this means but I like it.

BennyBeaver

AZDuck said:

HI. Sweden, as a non-NATO member, spends much more than most European countries for defense and Swedish defense spending as a proportion of GDP has been comparable to America's for most of the past 50'years, and spending is also rising under the current government. Sweden also maintains a vigorous defense industry which produces most of the armaments purchased by the Swedish armed forces.

Stockholm is only 430 miles from St. Petersburg.

It's a good thing it's not that close to Leningrad.

AZDuck

PurpleJ said:

Yes it was poorer in the 1800s before a wave of economic reform and a long period of peace. Relatively low government spending coupled with liberal economic policies (i.e. free market capitalism) sparked a period of growth that continued until the mid 20th century when things eventually started to sour due to socialist policies enacted during the 1950s.

Except the Social Democrats controlled their parliament since 1890, but never let facts get in the way of a good polemic

HoustonHusky

Stupid beyond belief.

If their economy is so great, why again have they been pimping negative interest rates for years, and why again is their household debt skyrocketing?

Sounds like that will end well...

PurpleJ

AZDuck said:

PurpleJ said:

Yes it was poorer in the 1800s before a wave of economic reform and a long period of peace. Relatively low government spending coupled with liberal economic policies (i.e. free market capitalism) sparked a period of growth that continued until the mid 20th century when things eventually started to sour due to socialist policies enacted during the 1950s.

Except the Social Democrats controlled their parliament since 1890, but never let facts get in the way of a good polemic

Taxes were kept below 10% of GDP until the 30s and they didn't really start to increase until the 50s, but still.

AZDuck

HoustonHusky said:

Stupid beyond belief.

If their economy is so great, why again have they been pimping negative interest rates for years, and why again is their household debt skyrocketing?

Sounds like that will end well...

If the U.S. economy is so great, why again have we? been pimping negative interest rates for years, and why again is our? household debt skyrocketing?

Pitchfork51

They like soccer.

Fucking shithole.

HoustonHusky

AZDuck said:

HoustonHusky said:

Stupid beyond belief.

If their economy is so great, why again have they been pimping negative interest rates for years, and why again is their household debt skyrocketing?

Sounds like that will end well...

If the U.S. economy is so great, why again have we? been pimping negative interest rates for years, and why again is our? household debt skyrocketing?

We aren't pimping negative interest rates, and we have been stupid for keeping rates low...IMHO they should never have gone below 2% and they should have been ramping them up years ago.

And no, it won't end well. You think its a coincidence all TV is for the last 2 years is house-flipping shows? That won't end well...

PurpleJ

AZDuck said:

HoustonHusky said:

Stupid beyond belief.

If their economy is so great, why again have they been pimping negative interest rates for years, and why again is their household debt skyrocketing?

Sounds like that will end well...

If the U.S. economy is so great, why again have we? been pimping negative interest rates for years, and why again is our? household debt skyrocketing?

Because of socialism.

AZDuck

PurpleJ said:

AZDuck said:

PurpleJ said:

Yes it was poorer in the 1800s before a wave of economic reform and a long period of peace. Relatively low government spending coupled with liberal economic policies (i.e. free market capitalism) sparked a period of growth that continued until the mid 20th century when things eventually started to sour due to socialist policies enacted during the 1950s.

Except the Social Democrats controlled their parliament since 1890, but never let facts get in the way of a good polemic

Taxes were kept below 10% of GDP until the 30s and they didn't really start to increase until the 50s, but still.

Not the case. Most Swedish taxes are paid to localities. Maximum national income tax rate is 25%