Wednesday, January 12, 2005



The extent of the failure of the Swedish model are both shocking and little known. For example, no new net jobs have been produced in the Swedish private sector since 1950. (By contrast, the U.S. created more than 60 million new private-sector jobs during the same period, from 52 million in 1950 to about 115 million in 2002.) "None of top 50 companies on the Stockholm stock exchange has been started since 1970."

Again, contrast this with the U.S. where many of our biggest companies had not been born or known of in 1970, such as Microsoft, Intel, Wal-Mart, Home Depot, Cisco, etc., Mr. Karlson's litany of failures of the Swedish model include: "Sweden has dropped from fourth to 14th place in 2002 among the OECD countries (i.e., affluent industrialized countries) in terms of GDP per capita since 1970."

In addition, "well over 1 million people out of a work force of around four million did not work in 2003 but lived on various kinds of public welfare programs

More (much more) here


Signs of shaky economies in France and Germany have sharpened worries about Europe's less-than-robust recovery - and underscored the struggle to shake up regulation-clogged economies in countries that use the euro.....

Private economists, however, point to shadows cast by Germany's rise in unemployment in December to 10.8 percent, and French government statistics showing zero economic growth in the third quarter. Unemployment there remains at 9.9 percent.

Economists expect fourth-quarter growth of 3.5 percent to over 4 percent in the United States, where unemployment was only 5.4 percent in December. Per-person U.S. gross domestic product of around $44,610 (34,100 euros) remains ahead of $30,746 (23,500 euros) for people in the 12 countries using the euro

More here

But there is no room for U.S. complacency:

US policies are falling behind global competitors: "America is losing its status as one of the freest economies in the world. The punitive U.S. tax code, out-of-control spending levels, and onerous regulations are making America less competitive in the international economy. According to the Index of Economic Freedom, the U.S. is no longer one of the top ten freest economies for the first time since the index was started in 1994. The Index, published by The Wall Street Journal and the Heritage Foundation, found that economic freedom is spreading world wide, with 86 nations receiving better scores. Unfortunately, America's score remained the same while Chile, Australia, and Iceland further opened their economies and surpassed the United States. Currently, the U.S. is tied with Switzerland for 12th place."


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