Thursday, April 25, 2019

Is Sweden socialist?

We human beings always seek happiness. Now there are two ways. You can make yourself happy by making other people unhappy--I call that the logic of robbery. The other way you can make yourself happy is by making other people happy--that's the logic of the market. Which do you prefer?--Zhang Weiying

Chris is much better.
I am getting really annoyed at Dunkin'.
Carolina won last night. I got tired and went to bed but the game was terrific.

I don't know if Archer can pitch but he sure can market.

Biden's announcement centered on the White Nationalist lunacy at Charlottesville. A little hard to understand, unless it is a sop to the Dem's radical base.

Medicare for all. Forgive all student loans. Free education for all. Replace all petroleum with something else.  We are ambitious. And we must be very, very rich.
Yet, despite these huge problems, we stoop to conquer. There is a strong movement to allow felons to vote. That is a boutique problem. 

Kate Smith. These people are not kidding. One of the most successful organizations in one of the most racist sports in modern American history has excommunicated and banished Kate Smith because she sang a silly song. I do not know what virtue signaling is but I sure know what hypocrisy is.

Ford Motor Co said on Wednesday it will invest $500 million in U.S. electric vehicle startup Rivian Automotive LLC, joining Amazon.com Inc in backing the potential rival to Silicon Valley's Tesla Inc.
Tesla's market value is around $45 billion, while Ford's market cap is just under $38 billion. In mid-day trade, Ford shares were flat at $9.50, while those of Tesla were down a fraction at $263.07.

                               Is Sweden socialist?

Sweden is the 6th most protective of private property rights, of all the nations in the world. By comparison, the U.S. is 25th most protective.

At present, Sweden is the 19th most capitalist country in the world, measured based on property rights, trade openness, and freedom to use stock to create new corporations. In fact, Sweden is in the top 15 most capitalist nations in terms of property rights, financial freedom, and business freedom. Most sectors are largely unregulated, and the freedom to move capital makes Sweden among the most capitalist nations in the world.
As the figure below shows, this change was sharp, and intentional. Between 1999 and 2001, Sweden deregulated most of its economy, sold off most of its dinosaur-slow state-owned enterprises, and converted substantial parts of its welfare commitments into private systems.



Generated from the 2019 Heritage Foundation Index of Economic Freedom
 
These stats are from Munger, in a nice little summary here:

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