The Swedish economy: North star | The Economist

In the last 12 years the USA's Percentage of Gross Domestic Production as Public Spending has gone from 35% to 42%. And while that is far from some of the "Socialist" governments of Europe, in those same 12 years, the US' Gross Debt percentage of the Gross Domestic Production has risen from 64% to almost 94%.

Sweden however, who have switched from the former Socialist policies to a more conservative approach, have reached the lowest levels of Gross Debt percentage, 49%.

And while there was no "magic bullet" (they raised the retirement age up to 67) they are well on their way to prosperity & being a model for the rest of Europe. Could what they have done work here?

The Swedish economy: North star | The Economist