Nima Sanandaji,

Scandinavian Unexceptonalism: Culture, Markets and the Failure of Third-way Socialism


Scandinavian Unexceptionalism

It is sometimes claimed that Sweden’s high growth rate is a result of social democratic policies. In fact, much of the development occurred between the time when free markets developed (circa 1870) and the start of the era dominated by social democratic rule (circa 1936). Between 1870 and 1936, Sweden enjoyed the highest growth rate in the industrialized world. However, between 1936 and 2008, the growth rate was only 13th out of 28 industrialized nations. 

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Capitalism: The Engine Of Human Progress

It took six thousand years from the invention of the wheel until we developed the two-wheeled cart. … From the time of Moses to Wyatt Earp we moved from two-wheeled carts to four-wheeled carts — buckboards and stagecoaches. Yet Wyatt Earp, who is an adult when he participates in the gunfight at the OK Corral, sees the movement from four-wheeled carts to the Model T. My grandparents were born before man had ever seen powered flight, yet lived to see a time when you could buy a trip into space. The rapid increase in innovation and the wealth of the masses occurred because the West gradually developed the economic system of market capitalism and a compatible political system.

-- Gary Wolfram,

Shadow Stats Snapshot

ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    BLS: 4.7%
    Shadow Stats: 22.7%
  • Inflation:
    December Year-to-Year: 2.1% (CPI-U*)
    Shadow Stats: 9.8%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]