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Employee Funds
Employee funds (), sometimes referred to as Wage Earner funds, is a socialist version of sovereign wealth funds whereby the Swedish government taxed a proportion of company profits and put into special funds charged to buy shares in listed Swedish companies, with the goal of gradually transferring ownership in medium to large companies from private to collective employee ownership. The funds were controlled by representatives of Swedish trade unions. The idea was launched in the 1970s by the Swedish Social Democratic Party, and they were in place from 1982 to 1991. During the 2020 United States presidential election, the candidate Bernie Sanders proposed for employee funds to be adopted in the United States. Meidner Plan The plan to establish employee funds was introduced as the Wage Earners Funds Proposal, also known as the Meidner plan. It was first proposed in 1975 by the Swedish Trade Union Confederation (or the LO); a revised final draft was published in 1976. The Meidner p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Socialist
Socialism is an economic ideology, economic and political philosophy encompassing diverse Economic system, economic and social systems characterised by social ownership of the means of production, as opposed to private ownership. It describes the Economic ideology, economic, Political philosophy, political, and Social theory, social theories and Political movement, movements associated with the implementation of such systems. Social ownership can take various forms, including State ownership, public, Community ownership, community, Collective ownership, collective, cooperative, or Employee stock ownership, employee.: "Just as private ownership defines capitalism, social ownership defines socialism. The essential characteristic of socialism in theory is that it destroys social hierarchies, and therefore leads to a politically and economically egalitarian society. Two closely related consequences follow. First, every individual is entitled to an equal ownership share that earns an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1991 Swedish General Election
General elections were held in Sweden on 15 September 1991.Dieter Nohlen & Philip Stöver (2010) ''Elections in Europe: A data handbook'', p1858 The Swedish Social Democratic Party remained the largest party in the Riksdag, winning 138 of the 349 seats.Nohlen & Stöver, p1873 However, it was the party's worst showing since 1928 with 37.7% of the vote. The election was notable due to the rise of a new right-wing populist party named New Democracy which succeeded in securing a parliamentary mandate for the first (and only) time. The four parties of the centre-right coalition (the Centre Party, People's Party, Moderates, and Christian Democrats) were allocated a combined total of 171 seats, 17 more than the two left-wing parties' 154, but still fewer than the 175 necessary for a majority. Thus the centre-right bloc was dependent upon New Democracy to secure a parliamentary majority. It was able to do so, and the Moderates' Carl Bildt became Prime Minister. One large factor in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1980s In Sweden
__NOTOC__ Year 198 (CXCVIII) was a common year starting on Sunday of the Julian calendar. At the time, it was known as the Year of the Consulship of Sergius and Gallus (or, less frequently, year 951 ''Ab urbe condita''). The denomination 198 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire *January 28 **Publius Septimius Geta, son of Septimius Severus, receives the title of Caesar. **Caracalla, son of Septimius Severus, is given the title of Augustus. China *Winter – Battle of Xiapi: The allied armies led by Cao Cao and Liu Bei defeat Lü Bu; afterward Cao Cao has him executed. By topic Religion * Marcus I succeeds Olympianus as Patriarch of Constantinople (until 211). Births * Lu Kai, Chinese official and general (d. 269) * Quan Cong, Chinese general and advisor (d. 249) Deaths * Li Jue, Chinese warlord and regent * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Politics Of Sweden
The politics of Sweden take place in a framework of a parliamentary representative democratic constitutional monarchy. Executive power is exercised by the government, led by the Prime Minister. Legislative power is vested in both the government and parliament, elected within a multi-party system. The judiciary is independent, appointed by the government and employed until retirement. Sweden is formally a monarchy with a monarch holding symbolic power. Sweden has a typical Western European history of democracy, beginning with the old Viking age Ting electing kings, ending with a hereditary royal power in the 14th century, that in periods became more or less democratic depending on the general European trends. The current democratic regime is a product of a stable development of successively added democratic institutions introduced during the 19th century up to 1921, when women's suffrage was introduced. The Government of Sweden has adhered to parliamentarism — ''de jure'' since ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of Sweden
The economic history of Sweden, since the Iron Age, has been characterized by extensive foreign trade based on a small number of export and import commodities, often derived from the widely available raw materials iron ore and wood. An industrial expansion in the latter half of the 19th century transformed the society on many levels. Natural-resource-rich regions benefited from the First Industrial Revolution. A growth surge in Sweden later benefited virtually the whole country during the Second Industrial Revolution. It fostered a broad export-oriented engineering industry with companies such as LM Ericsson, Asea, Alfa Laval, Aga, Electrolux, SKF and Volvo reaching well established positions on the global market and becoming drivers of GDP growth. In addition to engineering, the pulp and paper, steel, and chemical industries developed to reach international prominence. By the 1970s, Sweden had become one of the wealthiest nations of the world. The growth slowed down du ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kjell-Olof Feldt
Kjell-Olof Feldt (18 August 1931 – 8 January 2025) was a Swedish Social Democratic politician who was minister of finance between 1983 and 1990. Previously, Feldt was assistant minister of finance from 1975 to 1976 and minister of commerce and industry from 1970 to 1975, as well as minister for the budget in 1982. The Social Democrats lost power in the 1976 elections, but, after having won the elections of 1982, Feldt was appointed minister of finance by prime minister Olof Palme. He was seen as a part of '' Kanslihushögern'' during his time in office. Early life Feldt was the son of a single mother, Irma, née Jonsson, who had to send young Kjell-Olof to live with his grandfather's sister because of his father's alcoholic problems. Though he came from a working-class family, Kjell-Olof managed to gain admission to Uppsala University where he received a Politices Magister (extended BA in political science) degree in 1956. He received a Master's degree at Lund Universit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1994 Swedish General Election
General elections were held in Sweden on 18 September 1994.Dieter Nohlen & Philip Stöver (2010) ''Elections in Europe: A data handbook'', p1858 The Swedish Social Democratic Party remained the largest party in the Riksdag, winning 161 of the 349 seats.Nohlen & Stöver, p1873 Led by Ingvar Carlsson, the party returned to power and formed a minority government after the election. This was the final time the Social Democrats recorded above 40% of the vote before the party's vote share steeply declined four years later and never recovered. The Greens also returned to the Riksdag in the 1994 elections, after a three-year absence. The election saw the largest bloc differences for a generation, with the red-green parties making sizeable inroads into the blue heartlands of inner Småland and Västra Götaland County, Western Götaland, at an even higher rate than Results of the 1988 Swedish general election, 1988. The Social Democrats gathered more than 50% of the vote in all five north ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sveriges Radio
Sveriges Radio Aktiebolag, AB (; "Sweden's Radio") is Sweden's national publicly funded radio programming, radio broadcaster. Sveriges Radio is a public limited company, owned by an independent foundation, previously funded through a television licence, licensing fee, the level of which is decided by the Riksdag, Swedish Riksdag. As of 1 January 2019, the funds stem from standard taxation. No advertising is permitted. Its legal status could be described as that of a quasi-autonomous non-governmental organisation, quasi-autonomous non-governmental organization. History The company – which was founded as AB Radiotjänst ("Radio Service Ltd") by a consortium of newspaper companies, the Tidningarnas Telegrambyrå, TT news agency, and radio manufacturing interests on 21 March 1924 – made its first broadcast on 1 January 1925: a relay of High Mass from Saint James's Church, Stockholm, St James's Church in Stockholm. It was officially renamed Sveriges Radio in 1957. Sveriges Radio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Svenska Dagbladet
(, "The Swedish Daily News"), abbreviated SvD, is a daily List of Swedish newspapers, newspaper published in Stockholm, Sweden. History and profile The first issue of appeared on 18 December 1884. During the beginning of the 1900s the paper was one of the right-wing publications in Stockholm. Ivar Anderson is among its former editors-in-chief who assumed the post in 1940. The same year was sold by Trygger family to the Enterprise Fund which had been established by fourteen Swedish businessmen to secure the ownership of the paper. The paper is published in Stockholm and provides coverage of national and international news as well as local coverage of the Greater Stockholm region. Its Subscription business model, subscribers are concentrated in the capital, but it is distributed in most of Sweden. The paper was one of the critics of the Prime Minister Olof Palme, and in December 1984 it asked him to resign from the office following his interview published in ''Hufvudstadsbl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stockholm Stock Exchange
Nasdaq Stockholm, formerly known as the Stockholm Stock Exchange (), is a stock exchange located in Frihamnen, Stockholm, Sweden. Founded in 1863, it has become the primary securities exchange of the Nordic countries. As of March 2021, a total of 832 companies are listed on Nasdaq Stockholm with 385 companies on the main market and additional 447 listed on secondary markets (Nasdaq First North and Nasdaq First North Premier). History The Stockholm Stock Exchange was acquired by futures exchange OM in 1998. After OM merged with the Helsinki Stock Exchange to form what is now OMX in 2003, the Stockholm and Helsinki exchanges' operations were merged. Since 2008, the Stockholm Stock Exchange has been part of Nasdaq, Inc. (formerly called ''Nasdaq OMX Group'') and its Nasdaq Nordic markets. As of October 2014, the exchange operated under the legal name ''Nasdaq OMX Stockholm AB'' (renamed ''Nasdaq Stockholm AB'' in 2015). Prior to the introduction of electronic trading on 1 June ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1982 Swedish General Election
General elections were held in Sweden on 19 September 1982.Dieter Nohlen & Philip Stöver (2010) ''Elections in Europe: A data handbook'', p1858 They saw the return of the Swedish Social Democratic Party to power after six years in opposition, the longest period in opposition by the Social Democrats since the 1910s. The center-right coalition of Thorbjörn Fälldin had earlier suffered a loss upon the breakup of the government in 1981, the year before the election, when the rightist Moderate Party chose to withdraw from the government, protesting against the centrist tax policies of the Fälldin government. After regaining power, Social Democratic leader Olof Palme succeeded in being elected Prime Minister of Sweden, Prime Minister again, having earlier held power between 1969 and 1976. The 2,533,250 votes for the Social Democrats is, in spite of a larger electorate, as of 2022 the highest number of people voting for a single party in Swedish electoral history, although the part ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sovereign Wealth Funds
A sovereign wealth fund (SWF), or sovereign investment fund, is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity funds or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign exchange reserves held by the central bank. Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings that are invested by various entities for investment return, and that may not have a significant role in fiscal management. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and International Monetary Fund ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
