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Sweden, once considered by many as the standard bearer of high-tax and high-spend government, has embraced capitalism . WSJ’s Tom Fairless reports on how the Nordic country privatized large swaths of its healthcare and school systems, promoted business and shrank the state. Ryan Knutson hosts. Further Listening: - Germany’s Economy Is Spiraling. Can War Fix It? - China's Cheap Goods Are Europe's Problem Now Sign up for WSJ’s free What’s News newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices