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They went into the auto industry, which like the shipyards were located in the area around Gothenburg. Swedish business and (private sector) labour unions alike believe in creative destruction and dynamism. Instead of focusing on protectionism they are confident that lost jobs in old industries will swiflty be replaced by better paying-jobs in new industries, as this has been the historical pattern. This stoicism is further supported by the workers knowledge that there's a generous welfare safety net which I'll help them out while they wait for those new better jobs.

Which is why these news were so astounding.

   

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Wed Dec 14th, 2011 at 09:31:14 AM EST
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