Swedish austerity: benefits at risk.

The Swedish welfare state is facing the greatest threat since its inception. Attacks stem from the country's sharp economic downturn since 1989 and the related currency crisis of September 1992. Politicians of the right and left have responded to the economic crisis by initiating cutbacks in social welfare programs and supporting policies that will lead to a massive transfer of income from working people to corporations. The focus on cutting social programs is misplaced. The Swedish economy flourished for decades with the network of social service programs in place; the welfare state cannot be blamed for economic problems that have only recently arisen.