Some of the money went to communist Cuba, Vietnam, Nicaragua, and Red China. After Czecoslovakia got rid of communism, the Swedish socialists rushed to tell the Czechs how to set up a welfare state by stealing from the producers to feed the moochers. Well, of course, saving was impossible. But there wasn't enough milk. Today, Sweden is broke.
Strong companies leave the country.
The Swedish culture has become completely vicious. Tens of thousands of Swedes, mostly businessmen, fled socialist Sweden in the 60's. On the other hand, mindless, emotional statements are strongly encouraged. The Swedish TV is state-controlled. When satellite dishes started to appear in the country, the socialists tried to forbid them.