It has many socialist characteristics in many ways, but there is no tax on gifts, inheritance, wealth and on real estate and the beurocracy is quite well functioning for companies. So it’s a mixed bag. And definitely not a utopia
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literally the only reason why they were allowed to pass social democratic reforms is because its a very ethnically homogeneous country so they couldnt tighten the screws on minorities like how most economies could manage in the rest of europe & the US.