Refusing bailouts: Sweden

The raging capitalist nation of Sweden has stated that they are against government bailouts for manufacturers (ht Econlog):

“Voters picked me because they wanted nursery schools, police and nurses, and not to buy loss-making car factories,” Enterprise and Energy Minister Maud Olofsson told Swedish public radio.

Very cool.

In other news I caught wind of a World Bank paper that said New Zealand was more protectionist than Europe – these are crazy times we live in 😛

  • goonix

    Very cool indeed.

  • StephenR

    If I didn’t know better I would think that Sweden does everything right.

  • “If I didn’t know better I would think that Sweden does everything right.”

    Some things – such as the baths, are unambiguously good ideas.

    And given their implicit social contract I think their social policy is great. However, we don’t have the same social contract in NZ – so even if their policies are good they are not applicable.