For transparency and my own agenda, I strongly dislike our previous government, the Social Democrats with the support of the Green Party and the tacit acceptance of the Left Party, who ruled Sweden for 8 years. At the last election, I voted for the current government.
An article in the newspaper Affarsvarlden makes it clear that companies that receive a lot of support from politics pay higher wages but have lower productivity. Only the availability of tax funds can enable such a combination, something that should prompt reflection on, for example, the investments in Northvolt and the green transition in general.
Subsidy capitalism can be said to be a subset of political capitalism, which is primarily about usurping public funds in the form of grants and credit guarantees. Randall G. Holcombe summarizes the dilemma, quote "The real entrepreneurs in the political process are lobbyists and interest groups who find opportunities to usurp privilege, which reduces the efficiency of the public sector." unquote.
A clear example of such an influential individual is Northvolt's founder Peter Carlsson. I can promise that Peter Carlsson values the 17,658,000 dollars he personally received from the sale of shares in Northvolt at the end of last year compared to the 88,290,000 dollars that the previous Swedish government has financed Northvolt with.
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