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Showing posts with the label "Swedish arms industry"

Twilight of Swedish Democracy

The Swedish model? By 1980 Sweden had the lowest income and gender inequality in the world. As a result of the neoliberal capitalist reforms from mid-1980s, "The current Swedish income distribution bears some resemblance to the English one of 1688. The average member of the richest 0.1 per cent has a disposable income, after tax and transfers, 38 times greater than that of the median-income earner. At the time of the ‘Glorious Revolution’, England’s temporal lords had an income 30 times that of urban middleclass merchants and traders."  Angust Maddison, Contours of World Economy, 1-2030 AD,   Oxford 2007, pp. 278-9 Wealth distribution has worsened even more, resulting in the most uneven pattern to be found in Western Europe, on a par with those of Brazil, South Africa or the  USA.  In 2002, Sweden’s top 1 per cent owned 18 per cent of all household wealth; by 2017, it had risen to 42 per cent. The National Education Authority (Skolverket) has found that a quarter of