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Hey tech billionaires, if you want to talk about radical change, let’s abolish venture capitalism
(www.theguardian.com)
this post was submitted on 01 Nov 2023
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Nordic countries are socialist, unless you have a very narrow view of socialism in that it's basically a synonym for communism. Socialism is the transition state between capitalism and communism, and therefore exists on a large spectrum. On one end of the spectrum is pure capitalism where capitalists have complete control and autonomy over production, and on the other end is pure communism where workers have complete control over production. Socialism stands ambiguously on the communist end of the spectrum, but theirs a large gray area. Government policies and institutions like progressive taxes, trade unions, welfare states, regulations and nationalized industries serve to empower workers and move the system towards the communist side of the spectrum into the socialist territory.
No, they're social democratic, which is not the same as socialist.