LogFAQs > #952212267

Sweden had to enact market reforms in the 90s to reverse decades of relative economic decline under collectivist policy lol

https://www.reforminstitutet.se/wp/wp-content/uploads/2014/03/Twentyfiveyearsofreform140301.pdf

In the 1990s, the entire tax system was reformed, a public expenditure ceiling was put in place, collective wage bargaining found an entire new form, Sweden entered the EU, state owned monopolies became subject to competition and the fixed exchange rate was abolished. Moreover, privately owned companies were allowed to start schools and enter healthcare markets. Also, completion legislation was strengthened thereby reducing the number of cartels and their impact.