Saturday, January 25, 2014

Margaret Thatcher wouldn't be surprised

Over the last two decades, Sweden has slowly, but steadily, moved to reduce the size and scope of its government and to become more market-oriented in general.  And apparently, this has spread to the other Nordic countries as well.  From an interesting post at the blog Hit and Run:
Nor is it only Sweden that is giving a cold shoulder to the welfare state. AFP reports that throughout the Nordic countries, the size and scope of government is being cut as "nations find themselves cash-strapped."
As Margaret Thatcher famously quipped, the problem with socialism is that eventually you run out of other people's money.