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The Journal.

The Journal.

Why Sweden Embraced Capitalism

Jun 8, 2026 · 20m

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About this episode

Sweden, once considered by many as the standard bearer of high-tax and high-spend government, has embraced capitalism. WSJ’s Tom Fairless reports on how the Nordic country privatized large swaths of its healthcare and school systems, promoted business and shrank the state. Ryan Knutson hosts. Further Listening: - Germany’s Economy Is Spiraling. Can War Fix It? - China's Cheap Goods Are Europe's Problem Now Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices