SWEDEN: The Cost of Welfare

Sweden has been enjoying it both ways. The spirit behind Sweden's elaborate welfare state comes from a quarter of a century of Socialist rule, but the money that supports it is provided by an economy that is almost entirely capitalist free enterprise. Last year Socialist Premier Tage Erlander promised even more welfare benefits on the easy, easy. He proposed legislation to guarantee workers over 67 years old a lifetime pension amounting to two-thirds of their average earnings at the peak 15 years of their working lives. Who would pay? Why, employers would bear the costs, getting tax relief...

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