The Nordic model (also called Nordic capitalism[1] or
Firstly, I'd delete the Netherlands and put in Iceland. Then I'd delete socialist and replace by social democratic. I found this was Wiki a good starting point
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]
Although there are significant differences among the Nordic countries, they all share some common traits. These include support for a "universalist" welfare state aimed specifically at enhancing individual autonomy and promoting social mobility; a corporatist system involving a tripartite arrangement where representatives of labor and employers negotiate wages and labor market policy mediated by the government;[7] and a commitment to widespread private ownership, free markets and free trade.[8]
Each of the Nordic countries has its own economic and social models, sometimes with large differences from its neighbours.[9] According to sociologist Lane Kenworthy, in the context of the Nordic model, "social democracy" refers to a set of policies for promoting economic security and opportunity within the framework of capitalism rather than a system to replace capitalism.[10]
Nearly all the left of centre people I know could be described as holding social democratic values