It is possible, but there might just actually be some good socialists out there:
Take Estonia, a tiny country at the mercy of its much larger neighbours, which has ample reason to blame â€śglobal forcesâ€ť. But throughout the crash, it defiantly kept its taxes low (at a 21 per cent flat rate) and took the tough decision to cut state spending by a tenth. It is now celebrating the fastest growth in Europe. The much-larger Sweden responded to the crash with a permanent tax cut for the low-paid. This encouraged so many people back to work that the extra revenue covered the cost of the policy. Socialist Sweden has proven the existence of a phenomenon that the Tories had been taught no longer exists: a self-financing tax cut.