After old footage showing Sanders and his wife, Jane, praising the Soviet Union for its programs targeting the youth went viral online, Bildt responded by saying “Sanders was lucky to be able to get to the Soviet Union in 1988 and praise all its stunning socialist achievements before the entire system and empire collapsed under the weight of its own spectacular failures.”
To the former prime minister, the damage socialism can cause is still fresh in his memory. After all, he was the first prime minister in 60 years to not subscribe to the ideology. And thanks to him, Sweden’s capital gains taxes were cut to 30 percent and corporate taxes to 28 percent.
Bildt also privatized several state-owned industries, deregulated multiple sectors of the economy, allowed people to invest portions of their pension, and introduced school choice policies, improving the country’s education system.
After Bildt, Sweden, which had completely lost its host of entrepreneurs thanks to business taxes that sometimes exceeded the 100 percent mark, once again flourished.