this post was submitted on 01 Jul 2023
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Faster Than Expected

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[โ€“] JeanTahra@sopuli.xyz 2 points 1 year ago* (last edited 1 year ago) (1 children)

In essence both, but it's pretty much its own separate entity called Nordic model

[โ€“] itslilith@lemmy.blahaj.zone 1 points 11 months ago

Not really, it's capitalism with a social safety net

The Nordic model is underpinned by a mixed-market capitalist economic system that features high degrees of private ownership

The Nordic model is described as a system of competitive capitalism combined with a large percentage of the population employed by the public sector