As another generation is misled into believing that socialism would be worth a try in the United States, one often hears how well the economic system works in Sweden and other Scandinavian countries. But as John Stossel notes Sweden is not socialist.
With a prioritization of free markets, school choice, a less-progressive tax system, and privatized social safety nets, it’s arguably less socialist than the United States. In fact, when the country tried something closer to actual socialism a few decades ago, it was disastrous. Unfortunately, like the many examples of socialism’s failure, the memory of true believers tends to fixate on the dream of what they hoped would be, rather than the reality.