What Nordic countries practice is the Nordic Model, something that is possible there because of their tiny homogenous populations and high natural resources to support the taxation need for the welfare programs.

I'm going to expand on this point slightly. Denmark, Norway and Sweden do not have the functional welfare system becausse we have tiny and homogenous populations. We have an expansive welfare system because our unions used to have fucking teeth and we were located geographically close enough to the Soviet Union that it scared the shit out of our ruling class. Sweden in particular has a long and storied history of anti-imperialism to the point where they were the only european country to offer supplies to the Viet Cong. Denmark began a massive cooperative wave with its aggricultural sector in the mid 1800s, where most of the workforce was engaged.

Norway is honestly the odd one out historically, and that is mostly because Norway used to be one of the poorest countries in Europe, with a miniscule population until they received a massive injection of cash through their oil fields. Norway then did the smart thing and used those funds to speed up the development of the country.

Yes all three countries are solidly capitalist, albeit with a funcational welfare state despite our SocDems best attempts at neutering it, but most of Scandinavia also has an extremely radical labour history and I think it does a massive disservice to us all if the gains of the working class are simply described as "high natural ressources, tiny populations and homogenity".