
Sweden: Democratic Socialism in Practice
Contrary to widespread myths and errors being produced by right-of-center pundits, the Swedish experience with democratic socialism was not short, and it never ended.

Contrary to widespread myths and errors being produced by right-of-center pundits, the Swedish experience with democratic socialism was not short, and it never ended.

In 2010-2014, the EU was the scene of a major fiscal crisis. Since then, nobody has treated the root cause, only the symptoms. Therefore, it is no surprise that history is about to repeat itself.

Deregulating markets and industries will amount to nothing unless we first do away with the elephant in the room: the welfare state.

When the next major fiscal crisis hits, Europe’s credit-challenged governments will pull down the banks with them. A crisis bigger than the one 15 years ago can no longer be ruled out.

Like a rudderless ship, France is sailing straight for the same cliffs that broke the Greek economy 15 years ago. Will President Macron meet his Waterloo in the hallowed hallways of the IMF?

Facing a major budget gap, Bucharest must choose: fix the deficit or launch a broader economic rescue. So far, Prime Minister Bolojan has shown little leadership to do either.

Slovakia faces the same budget dilemma as Germany. Whether Prime Minister Fico will match Chancellor Merz’s bold move to announce an end to the welfare state remains to be seen.

Chancellor Merz has conceded that Germany can no longer sustain its expansive welfare state—a fiscal surrender to economic reality that other nations may soon be forced to replicate.

The chancellor navigates a delicate path between coalition demands and AfD voter appeal.

As some countries ramp up social benefits to strengthen emerging welfare states, others are scaling back in a bid to rein in systems that have grown beyond what their tax bases can sustain.