Pain is a fact of life. Pain helps tell you that you're doing something wrong, and that you'd better adjust your behavior. Richard Nixon imposed price controls to try to control inflation. Additionally, the US economy grew rapidly during this time with no inflation. Many communists filled seats in the legislature.
Communists believe in things which have no basis in reality.
After this their kingdom continued to be in the top five nations for the highest standard of living. Sweden has been having some real problems since 1990. Sweden began having problems because Sweden has run out of money. When everyone has everything taken care of, regardless of what they do, or how hard they work, or how much they produce, there is little or no incentive for individuals to do their best. This attitude has consequences.