Bob Browining’s writings are available on the internet at www.sprint.au/~rwbWhen the Social Democrats seemed poised to win the Swedish election in 1994, the managing directors of four of the country’s biggest international companies threatened publicly that, if taxes were raised, investments totalling 50 billion Skr would be at risk. Sweden’s largest insurance company, Skandia, later sold its 1.8 billion Skr worth of government bonds to unsettle the Government’s economic policy. It declared it w…
