• givesomefucks@lemmy.world
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    3 months ago

    Scandinavia and the Nordic countries can be best described as social democracies. Effectively, they’re democratic countries in which its citizens are well cared for.

    Some refer to this as democratic socialism, though this is far from correct. Some economists refer to it as cuddly capitalism, contrasting with what is seen as cut-throat capitalism in other Western countries.

    And in Germany, Germany is called Deutschland…

    What they have in the Nordic countries is described as socialism virtually everywhere else.

    In America advocating for a 1/10 of what they have gets jumped straight to communist.

    It shouldn’t be a surprise that context is important.

    Yet here we are

    • magic_lobster_party@fedia.io
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      3 months ago

      Socialism has a clear definition. Scandinavian countries are not even close to be in this definition. It doesn’t matter what uneducated Americans believe.

      I like the name Cuddly Capitalism. It describes our economic model pretty well.