If I see Cato economist talking for the first 5 minutes I immediately suspect I am not getting a very balanced view. https://en.wikipedia.org/wiki/Cato_Institu

If I see Cato economist talking for the first 5 minutes I immediately suspect I am not getting a very balanced view. https://en.wikipedia.org/wiki/Cato_Institute https://en.wikipedia.org/wiki/Cato_Institute Continuing with wikipedia: Sweden is a competitive and highly liberalized, open market economy. The vast majority of Swedish enterprises are privately owned and market-oriented, combined with a strong welfare state involving transfer payments involving up to three-fifths of GDP.[27][28] In 2014 the percent of national wealth owned by the government was 24%.[29] So again this is not the Soviet type of socialism(which I've lived through) but strong welfare state is definitely part of Sweden.