What Democratic Socialism Does to Economic Prosperity

What Democratic Socialism Does to Economic Prosperity



popular support for democratic socialism is on the rise with many calling for the United States to adopt policies similar to European countries that have gone down that route supporters often point to Sweden as a successful example but in terms of economic growth a closer look reveals that its experiment with socialist policies was disastrous Sweden turned to socialism in the 1970s raising taxes and spending and imposing more regulation than most other Western European countries as a result its economic growth slowed to almost half as fast as the rest of Europe or the United States for two decades by the early 1990s its government was spending over 70% of everything earned in the economy to restore growth and prosperity Sweden then undertook major market-based reforms cutting taxes and government spending it deregulated its utilities industries cut corporate taxes and changed its social safety net to help those receiving assistance to find jobs Sweden's recent experience with market-based reforms has made its economy grow faster than the other major countries in the European Union and enriched its citizens the lesson for the United States is clear democratic socialism diminished Sweden's prosperity and required significant market-based reforms to bounce back you

9 Comments on "What Democratic Socialism Does to Economic Prosperity"


  1. Lmao people are not this stupid to play into propaganda were not a bunch of 60 Boomers

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  2. This video is very light on detail. This would usually be the introductory video to a series. Thumbs down worthy.

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  3. America is so behind that other "Democratic Socialist" ideas like a properly run education and healthcare system are adopted by all other wealthy western nations. Programs like these which really look more like an extension of the welfare state we currently live in rather than some radical socialist idea of market regulation are not even socialist ideas at this point. The times have changed, Ideas like functioning and supportive government institutions meant only to improve the wellbeing of the people and the future of the country are no longer taxpayer theft, they aren't some new untested theory and will be required to sustain our position as a highly educated and innovative country. The US is richer and stronger than ever, and yet decades behind much less wealthy, yet happier nations. As much as people like to talk up Sweden as a top-notch example of socialist-esq ideas at work, far more people should be (and are) looking at a much more modest, feasible, proven and highly stable example of good policy right above us, Canada not only ranked 9th place on the world happiness index this year, down from 7th in 2016, they were rated number one on an independent global average wellness index run by LetterOne, so what's wrong with single-payer? Go ahead and do some research on universal healthcare in western nations, one of the greatest examples of the American people's oversight and complacency about healthcare is this: Japan, UK, Kuwait, Bahrain, Brunei, Canada, Spain, Iceland, UAE, Finland, Slovenia, Italy, Norway, and Portugal all have fully functioning AT LEAST 20-year-old SINGLE-PAYER universal healthcare systems, and ALL developed nations have some form of universal healthcare or universal healthcare assistance, something the US barely even gets with the neutered, clunky and obsolete Obamacare.
    That's the end of my rant, but I wanna talk about Norway specifically for another moment, even though their success is unlikely to be repeatable by any highly populous country, they are certainly a lightning in a bottle kind of paradise. Did you know they've had universal healthcare since 1912? It was under the Practitioners Act, the earliest healthcare law of its kind! In summary, it allowed every citizen the right of equal access to medical treatment regardless of income or settlement. They also have a government-owned investment firm playing a critical role in the global market worth nearly 8 trillion USD and usable directly by the government, though instead is grown and traded constantly to stimulate economic growth across the globe and in Norway, I could go on and on about that country and its amazingly innovative use of oil money.

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  4. The difference between socialism and democratic socialism is putting the word democratic in front of the word socialism. Class dismissed.

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  5. Lovely animations as always, but Ive got say that I disagree. Sweden is experiencing this amazing new growth as you stated in the video, yet they are still socialist. You see, it isnt a black vs white issue, its grey. Full socialism isn't the best option, but a healthy society and country must incorporate some socialist policies to thrive. Its a balancing act.

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  6. Yes, Swedem modified their mixed economy. What they did not do is reconstruct their entire economy in the image of the United States. They are still more socialistic than the US with a fraction of the public debt per capita and a much higher average IQ.

    Demographics are more important than economic policy minutiae.

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