Democratic socialists in the United States point to Sweden as a socialist success. But Swedish historian Johan Norberg says, “Sweden is not socialist.” Norberg hosts a documentary called Sweden: Lessons for America?, in which he notes that in Sweden, “government doesn’t own the means of production. To see that you have to go to Venezuela or Cuba or North Korea.” John Stossel asks Norberg why so many Americans think Sweden is socialist. Norberg answers, “We did have a period in the 1970s and 1980s when we had something that resembled socialism: a big government that taxed and spent heavily.”
John Frank Stossel (born March 6, 1947) is an American consumer television personality, author, and libertarian pundit, known for his career on both ABC News and Fox Business Channel. Stossel’s style combines reporting and commentary. It reflects a libertarian political philosophy and views on economics which are largely supportive of the free market. He began his journalism career as a researcher for KGW-TV, was a consumer reporter at WCBS-TV in New York City, and then joined ABC News as a consumer editor and reporter on Good Morning America. Stossel went on to be an ABC News correspondent, joining the weekly news magazine program 20/20, going on to become co-anchor. In October 2009, Stossel left ABC News to join the Fox Business Channel. He hosted a weekly news show on Fox Business, Stossel from December 2009 to December 2016.