honorentheos wrote:It was actually a decent video. I don't know that FAQs completely understood it given a few of the key messages contradict his own vocally expressed views. But I'd actually recommend it, too. Not bad.
So, based off your recommendation I watched the video. Like. The whole thing. Which is 12 years in Internet time, so I'm basically an expert on the Swedish model now.
One big takeaway that I like is the deregulation of licensing. It's such a racket. Since we have inspectors that'll review a tradesman's work, I don't see why they have to spend thousands of dollars to get licensed. Hell, even cosmetologists are getting licensed these days. Absurd.
But, yeah. The video makes an interesting argument that we totally mis-view how the Swedish system operates. According to various websites that I just googled, because I'm an expert on the Swedish model now, their debt-to-GDP is ~34% while ours is ~104%. It makes me wonder if we were to scale up Sweden to our size and population if their model would work as well as it does for their country right now. We're operating at an order of magnitude greater than them with a host of different issues we have to deal with that they don't. At the end of the day, each country has to, like the economist stated (I don't recall his name), find their own path to prosperity and I don't think it's realistic to say if we do what they do it'd work out. We have thousands of different variables they don't.
- Doc