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Leif Pagrotsky on Swedish Social Benefits

Pagrotsky: Most countries have various programs in place for retirement, for what happens when you get sick, what happens when you get unemployed, but what is different in our system is that all of these are extremely broad based. That means that if you become unemployed, you leave one company and you take a job in another one. You do not lose your retirement benefits. In contrast, for instance, to the autoworkers in America today. If your company goes bankrupt, you can still rely on a steady stream of income to finance your food on the table, your medical bills, also when you become 80 years old. That provides a security, a safety net. That means that the fear of unemployment is not that violent. The fear of change is not that strong. And in my experience is that that makes our economy more flexible or adaptable and that there is a general sense that globalization works for the benefit of most people and for the country as a whole in spite of the fact that it brings change for many people. The burden of change is shared by all. It’s not put entirely on the shoulders of the few individuals that are affected by closures.

Broad-based social support greatly reduces fear and uncertainty in the Swedish economy, Leif Pagrotsky says.

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LGBTQ+ community sees spike in first-time depression in wake of coronavirus​

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Photo by Chip Somodevilla/Getty Images
Coronavirus
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  • A black hole is so massive that light (and anything else it swallows) can't escape, says Bill Nye. You can't see a black hole, theoretical physicists Michio Kaku and Christophe Galfard explain, because it is too dark. What you can see, however, is the distortion of light around it caused by its extreme gravity.
  • Explaining one unsettling concept from astrophysics called spaghettification, astronomer Michelle Thaller says that "If you got close to a black hole there would be tides over your body that small that would rip you apart into basically a strand of spaghetti that would fall down the black hole."

Scientists see 'rarest event ever recorded' in search for dark matter

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Image source: Pixabay
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Credit: NASA Ames Research Center.
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