The Swedish Social Security privatization (year 2000) was a pro-choice, free-market design—a 2.5% payroll tax directed into individual accounts, any fund meeting fiduciary standards allowed in, funds free to charge and advertise—and grew to 456 (later 600+) funds, demonstrating an extreme version of choice that a free-market advocate would approve.

factualpending

Speaker

Richard Thaler

Evidence Quote

any fund that met certain fiduciary responsibilities was allowed in

Source

Richard Thaler on Libertarian Paternalism 11/6/2006EconTalk
Created: 6/13/2026, 7:01:05 PM

My Notes

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