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Lee Ohanian on Sweden's Experiment with Socialism

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Published August 6, 2020

Sweden provides a clear example of the dangers of socialism and the benefits of a free market. Sweden’s socialist experiment, starting in the 1960s, resulted in a major economic downturn. Its return to free-market principles in the 1990s helped its economy grow significantly.

This video’s audio track is excerpted from Lee Ohanian’s Hoover Fellow Talk “The Dangerous and Uniform Shift to Socialism.”

Additional Resources:

  • Listen to “The Dangerous and Uniform Shift to Socialism,” with Lee Ohanian. Available here.
  • Watch “What Democratic Socialism Does to Economic Prosperity” with Lee Ohanian, via PolicyEd. Available here.
  • Watch “Laboring in Vain: How Regulation Affects Unemployment” with Lee Ohanian, via PolicyEd. Available here.