Friday, February 24, 2012

Breaking the 1 Percent

This article describes how the working class in Sweden and Norway was able to take the power from the 1%, the extremely wealthy, and change the country in favor of the 99%. Both countries had extremely bad poverty prior to the 1930s, when the power changed in those countries. People had to leave the country to avoid starving to death. The people used non-violent means to remove the "1 percenters" from power. The working class created a strong economy which "eliminated poverty, expanded free university education, abolished slums, provided excellent health care available to all as a matter of right and created a system of full employment.". The standard of living is very good there. Production is primarily publicly owned, taxation is very progressive, and increased government regulation of the private sector. In 2008, Sweden and Norway were perfectly fine, while the US began to struggle with a recession.

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