The Wall St. Journal’s Mary O’Grady and author Johan Norberg discuss what #Sweden is—and more importantly what it is not—when it comes to its economic system and history.

Despite the mischaracterizations of the country, after experimenting with #socialist policies in the 1970s and 1980s (with disastrous results) Sweden actually has a long history of being a free, open and competitive economy.

This video is part of a new multimedia project, The Realities of Socialism, by the Fraser Institute in Canada, the Institute of Economic Affairs in the UK, the Institute of Public Affairs in Australia and the Fund for American Studies in the U.S.

Visit www.realitiesofsocialism.org to learn more.