Politics
Swedish Finance Minister Admits Democratic Socialism Was Absolutely Impossible in Practice
Impact Theory
The Sweden Socialists Point To Doesn't Exist — It Collapsed In 1990 | Tom Deepdive
What was said
"What we believed in as young socialists simply turned out to be impossible in practice. The whole thing with democratic socialism was absolutely impossible. It just didn't work. There was no other way to go than market reform."
Kjell-Olof Felt, Sweden's Social Democrat finance minister during the 1980s and 1990s economic crisis, publicly admitted that democratic socialism failed in practice after Sweden's welfare state collapsed. His admission directly contradicts claims by American socialists who hold up Sweden as proof that their model works, when Sweden actually abandoned it.
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Attributed speaker claim
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- Programme
- Impact Theory
- Episode
- The Sweden Socialists Point To Doesn't Exist — It Collapsed In 1990 | Tom Deepdive
- Clip time
- 3:25
- Original source
- Watch the source segment →
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Impact Theory