Sweden’s renown for innovation and producing major startup companies is the envy of the rest of the continent. So what is the secret to their success? And what lessons could the rest of Europe learn about investment and financial education?
Sweden’s renown for innovation and producing major startup companies is the envy of the rest of the continent. So what is the secret to their success? And what lessons could the rest of Europe learn about investment and financial education?
The secret is the erosion of the welfare state, high unemployment levels, butchered unions, dropped funding for non-profit hobby/sports organizations and money laundering of tax money into “profits” through a messed-up voucher system for schools and hospitals.
Not to mention the extremely corrupt law of public contracting that always results in the lowest-bidding - and thus shittiest/sloppiest - business getting to do all infrastructure work (and inevitably messing it up and then charging extra for fixing their own mistakes). Ironically, that law was intended to combat alleged corruption. We had very low levels of corruption before that law was made.
TL;DR: thorough neoliberal destruction of Swedish society.