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153 pages, Paperback
First published June 1, 2016
the welfare state is not a policy option that we are free to adopt or reject at will. Nor is it a phase of post-war history that we are now leaving behind. The welfare state is, instead, a fundamental dimension of modern government, absolutely integral to the economic functioning and social health of capitalist societies.
self-described neoliberals did not believe in self-regulating markets as autonomous entities [...] They sought neither the disappearance of the state nor the disappearance of borders. And they did not see the world only through the lens of the individual. In fact, the foundational neoliberal insight is comparable to that of John Maynard Keynes and Karl Polanyi: the market does not and cannot take care of itself.
Sweden’s welfare state has succeeded in combining equity and efficiency —two goals usually seen as conflicting— achieving low levels of poverty and economic inequality, high levels of gender equality and social mobility, and high standards of living.
[t]hat neoliberalism has cornered owning growth, innovation, dynamism and competition in the popular imagination while ruling an era of slow growth, productivity stagnation, and massive profits combined with weak investment is one of the all-time great political mystifications.