3 ms·They are not capitalist democracies they are social democracies. The economy is socialist and capitalist.by azaras 6y agoThey are not capitalist democracies they are social democracies. The economy is socialist and capitalist.sime2009 6y agoI would argue that "capitalist democracy" is the least wrong of the two.TakuYam 6y agoScandinavian countries also aggressively push back against socialist/socialism labels that US talking heads and politicians try to pin to them.