Wednesday, August 13, 2025

Lessons from the Nordic Miracle of the 1990s

Labour has learned absolutely nothing from the Nordic miracle of the 1990s
https://www.telegraph.co.uk/business/2025/08/13/labour-lacks-swedish-style-grit-needed-to-fix-the-economy/
We know how to save a modern social democracy from runaway budget deficits and the disease of ever-expanding state subsidies.
Scandinavian nations did exactly that in the early 1990s when they were facing the imminent collapse of the Nordic welfare model and were in even worse economic shape than Britain today.