avatar
Sweden Said Good Riddance to Austerity – When Will America?

Professor Wolff joins host of RT America Thom Hartmann. Sweden has said good riddance to austerity. On Sunday – the country’s voters chose a group of left-wing and center-left parties -led by the Social Democrat party – to head a new government. In total – left wing parties won 43.7 percent of the vote and 159 seats in parliament. When all is said and done and the Social Democrats have formed a government – it will mark the end of Sweden’s short-lived experiment with austerity. In the eight years since outgoing prime minister Fredrik Reinfeldt’s right-leaning Moderate Party took control of parliament – Sweden has seen huge tax cuts and a flurry of so-called “pro-market reforms” – a change that many in the country saw as a a betrayal of a decades-long tradition of social democracy. With Sunday’s elections – though – it looks like the Scandinavian Model is back in business – and will be for quite some time.

Leave a comment