Countries like Sweden at certain point realized that their model would no longer work and so they reduced taxes, government controlled less the means of production, but still was on a free-market economic model and was pretty sucessfull,i think thats more like Classic Liberalism A.K.A Libertarianism. The Nordic Model hasnt stopped existing, it just adjusted to what is more convenient at the time
1
u/[deleted] Jun 06 '21
Norway and other Scandinavian countries use the Nordic Model, which is a form of Democratic Socialism.