As ill-advised as Sweden’s addiction to the welfare state may be, at least it has moved to individual social security accounts. That’s more than the capitalistic U.S can say.
Observers say that journalists were particularly sceptical and often compared projected benefits under the new system with benefits under the old system – even though the old system was headed for bankruptcy.
Source: Jeremy Hildreth (American Skandia, Inc.), Even They Do It: Socialist Sweden Surpasses America on Pension Reform, Investor’s Business Daily, September 27, 2001.
For more on Reforms in Other Countries http://www.mysocialsecurity.org/index5f.html
FMF\3 October 2001
