The “Democratic Socialism” you speak of in Iceland, Norway, Finland, Sweden, or even Slovenia is not true Socialism: They are more like Capitalist Democracies with Left-leaning, Welfare State Governments. That’s what I call the middle way, where Left and Right, Socialist and Capitalist, Government power and individual Freedoms are all in balance.
The “Democratic Socialism” you speak of in Iceland, Norway, Finland, Sweden, or even Slovenia is…
Al Black
211

This also used to go by the name of ‘Christian Democracy’ back in the day. Its critical components were investment in public facilities and infrastructure, a social safety net and some measure of protection/preference shown towards national industry. It distinctly avoided the radical egalitarianism, wealth redistribution and socialism of the Social Democrats and Marxists.

Germany under the Cold War CDU is a good example of this type of thinking. FDR’s early term programs like the TVA, WPA and Social Security are others.

This sort of political approach has fallen out of favor with elites, supplanted by a globalist neoliberalism centered around transnational trade and migration of labor.

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