re: Red Flags
More on Sweden here, showing, among other things, what happened in the 1990s.
More than half of Sweden's 50 largest companies were founded before World War I and only two were founded after 1970. I posted this statistic a while back, and thought it would make a much larger impression than it did. People often fail to realize how much the social paradises of Europe rely on innovation from less-restrictive economies.