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> - Do they allow private ownership of property, including the means of production? Yes, Sweden's economy is almost entirely driven by private businesses. Gove
by andrewjl 10y ago
> - Do they allow private ownership of property, including the means of production? Yes, Sweden's economy is almost entirely driven by private businesses.
Government spending as % of GDP is an excellent metric re size of the government relative to the private economy. This assumes that as a nation is more socialist, the size of the government will increase.
Sweden slightly over 50% (http://www.tradingeconomics.com/sweden/government-spending-to-gdp http://www.tradingeconomics.com/sweden/government-spending-t...)
U.S. 20% (https://fred.stlouisfed.org/series/FYONGDA188S https://fred.stlouisfed.org/series/FYONGDA188S)
I don't doubt that private property ownership is permissible in Sweden, but the government dominates GDP as compared to any single private sector.
> - Do they force the redistribution of wealth, so as to attempt to prevent the existence of rich and poor classes? No.
Sweden has higher personal tax rates than the U.S. I dispute your "No." here.
> - May the government arbitrarily nationalize your wealth, investments, or business? No, that would be a rare event in Sweden.
It depends. The Swedish government is a highly functional one and will not act capriciously. I believe they will step in and nationalize wealth/real property if doing so was important to the wellbeing of the nation, whereas the U.S. even during the bailouts of 2008 went through great pains to avoid direct government ownership / control, even to the point of handing private equity firms free risk-adjusted money.
> - Does the State determine all investment priorities for all businesses? No, quite the opposite, businesses are free to set their own priorities, build new products at will, choose how they allocate capital.
Given the GDP % stated above, this is debatable.
> - Does the State dictate most allocations of capital? No, the opposite.
Same as the previous point.