The Nordic model (also called Nordic capitalism[1] or Nordic social democracy)[2][3] refers to the economic and social policies common to the Nordic countries (Denmark, Finland, Norway, Iceland, and Sweden). This includes a combination of free market capitalism with a comprehensive welfare state and collective bargaining at the national level.[4][5] The Nordic model began to earn attention after World War II.[6]
Little product market regulation. Nordic countries rank very high in product market freedom according to OECD rankings.[11]
The Nordic model is underpinned by a free market capitalist economic system that features high degrees of private ownership[5] with the exception of Norway, which includes a large number of state-owned enterprises and state ownership in publicly listed firms.[26]
The Nordic model is described as a system of competitive capitalism combined with a large percentage of the population employed by the public sector (roughly 30% of the work force).[27] In 2013, The Economist described its countries as "stout free-traders who resist the temptation to intervene even to protect iconic companies" while also looking for ways to temper capitalism's harsher effects, and declared that the Nordic countries "are probably the best-governed in the world".[27][28] Some economists have referred to the Nordic economic model as a form of "cuddly" capitalism, with low levels of inequality, generous welfare states and reduced concentration of top incomes, and contrast it with the more "cut-throat" capitalism of the United States, which has high levels of inequality and a larger concentration of top incomes.[11][29][30]
I see you still havent overcome the urge to argue exclusively through strawmen and non-sequiturs. ---