A choice between “cutthroat” and “cuddly capitalism”
Sweden learned some lessons the hard way about how to sustain incomes during its 1990s banking crisis, when policymakers were slow to react. When recession struck again in 2008, it made some changes that served the nation well. Can the United States and other nations profit from the Swedes’ “cuddly capitalism” example? A key takeaway:
Investments in infrastructure, through both direct spending and tax breaks, can help stimulate a slowing economy and prop up wages.