Why social welfare states are scaling back

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Social welfare policies of Scandinavian nations such as Sweden have been admired.

 However, here's what an article in the Feb 1, 2016 issue of Fortune points out:

  • Scandinavia built wealth that its citizens enjoy today long before leftist ideas took hold
  • In fact, when Sweden's welfare state began to expand, economy noticeably slowed
  • Not only do the larger welfare states of Italy and France have less robust economies, Scandinavia is slowly returning to its free-market roots.

Will the US presidential candidates strike the right balance between welfare and economic growth?

 Source: Fortune Feb 1, 2016