Magazine May 20, 2019, Issue

Sweden Is Capitalist

Sweden Democrat party supporters rally in Stockholm, Sweden, September 8, 2018. (Ints Kalnins/Reuters)
It thought better of its experiment with socialism

From the left, Sweden is the Swedish Way, hailed since the 1950s as our own best future in breathless articles among the girdle ads in The New York Times Magazine. From the right, it’s the Road to Serfdom, which That Man in the White House was wont to lead us down.

I’m here to tell you that both are wrong. I’ve been over into the present, and Sweden’s real per capita GDP is, in terms of purchasing power, roughly what your typical rich country earns these days. It’s below that of the workaholic U.S., and — irritatingly to the Swedes,

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