Lean times for welfare states

The progressive and affluent welfare states of Scandinavia have managed to combine the best of two worlds: the wealth of the West and the egalitarianism of the East.

But economic hardship is forcing some choices. The answer emerging now is the supply side -- boosting profits, corraling state spending.

* In debt-ridden Sweden and Denmark, the economies aren't supporting today's generous welfare states.

Sweden is beginning to cut some of the world's highest income taxes.

* In oil-rich Norway, it's too easy not to make hard choices. The Norwegians can afford to let industry's cutting edge grow dull.

* Finland, a half-brother to Scandinavia, has never felt rich enough to spend public money in the lavish Swedish style. But the Finns, supply-siders since 1976, may now have the healthiest economy of all.

You've read  of  free articles. Subscribe to continue.
QR Code to Lean times for welfare states
Read this article in
QR Code to Subscription page
Start your subscription today