Not really, Nordic model is capitalist because the capital owning class owns the means of production and holds power in society. Nordic model has generous social services and a social safety net, but that of itself does not make it socialist. A socialist model implies that it is the working class that holds power and that means of production are under a mix of public and cooperative ownership. This is the model that all western countries fight against.
You previously mentioned China. And China do have big companies like NetEase. Are such companies under a mix of public and cooperative ownershiprs? How it differs from IKEA? Not arguing, just trying to understand.
Not really, Nordic model is capitalist because the capital owning class owns the means of production and holds power in society. Nordic model has generous social services and a social safety net, but that of itself does not make it socialist. A socialist model implies that it is the working class that holds power and that means of production are under a mix of public and cooperative ownership. This is the model that all western countries fight against.
Thank you, this does makes sense!
You previously mentioned China. And China do have big companies like NetEase. Are such companies under a mix of public and cooperative ownershiprs? How it differs from IKEA? Not arguing, just trying to understand.