“Immitate the stuff that brought us wealth, not the stuff that almost brought us ruin.”

Nice short video about what makes Sweden great (HT: Café Hayek).

 

Government-can-solve-all types often point to Sweden’s big governments as something to imitate, but they get cause and effect backwards. Big government didn’t cause Sweden’s wealth. As Norbert points out in the video, Sweden got rich first off free trade and an open economy.

This is very important to keep in mind. I wrote about this in regards to a burrito business way back when. Government is overhead. While it provides some valuable services, just like the overhead functions of a burrito business (like accounting, HR, etc.), selling the burritos is what keeps the overhead functions busy, not the other way around.

 

Advertisements

Comments

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s