Nordic style social democracy works quite well though. Communism sucks, but too much unregulated Capitalism isn't great either, as we can see in USA and many other countries that suffer from extreme inequality.
Nordic style social democracy only works well (I think) if the country has reliable sources of income separate from corporations; Norway has a trillion dollar investment fund from oil and gas revenue that is still being added to. The Netherlands earned billions from a gas field in Groningen which they used to fund the social securities systems (subsidies, benefits, etc). But with the closing of those gas fields (they were causing earthquakes, plus environmental concerns) that source of income is gone, and with that + baby boomers retiring + NL being a tax haven so we don't earn much from the huge sums passing through + skyrocketing cost of living, these systems are being broken down one by one.
Nordic style social democracy only works well (I think) if the country has reliable sources of income separate from corporations; Norway has a trillion dollar investment fund from oil and gas revenue that is still being added to. The Netherlands earned billions from a gas field in Groningen which they used to fund the social securities systems (subsidies, benefits, etc). But with the closing of those gas fields (they were causing earthquakes, plus environmental concerns) that source of income is gone, and with that + baby boomers retiring + NL being a tax haven so we don't earn much from the huge sums passing through + skyrocketing cost of living, these systems are being broken down one by one.