Posted 4/10/2024, 12:39:41 AM
Costly Bank Bailout Overshadowed by Swedish Government's Pursuit of Divisive Gender Law
- Sweden's central bank lost 44 billion kronor, needing a bailout equal to half its defense budget, due to poor financial decisions
- This budget disaster received little coverage as politics focused on a controversial gender law the right-wing government is forcing through
- The government is ignoring its own party's and voters' opposition to focus on this trivial issue rather than serious economic problems
- Across Europe, governments increasingly take unpopular stances opposite their voters' wishes to appear strong and avoid "populism"
- With shrinking options, European politics is becoming meaningless, restless activity to combat frustration - a "decadence" foreseen by historian Jacques Barzun