Nordic Socialism
The Path Toward a Democratic Economy

Pelle Dragsted (Author), William Banks (Translated by), Matt Bruenig (Foreword by)

9780299353605

Hardback, published 5 August 2025

226 pages
22.9 x 15.2 x 1.5 cm, 0.666 kg

In recent years, the Nordic countries have been the envy of the world for their economic success, their institutional stability, and their consistently high levels of social happiness. But are they socialist? Some prominent members of the American Right certainly think so, and in this book they may find a surprising ally. Pelle Dragsted is a member of the Danish parliament and the leader of the socialist political party Enhedslisten (red-green alliance). Contrary to most Nordic leaders, Dragsted accepts the charge of socialism and delivers a clarion call to lean into that description.

In Dragsted's studied conclusion, Denmark and the rest of the Nordic countries are indeed already socialist, but only in part. The dangers faced by Norden come (and here many conservative American commentators will disagree) from the unhealthy encroachment of capitalism. His provocative starting argument is that capitalism and socialism are not in fact mutually exclusive, and already Nordic economies are hybrids, a mix of de-commodified, democratically governed sectors and undemocratic, privately controlled enterprises. The relevant question is the degree to which one dominates the other. Currently, undemocratic forces are ascendant, but it need not be so. Here, Dragsted offers both his diagnosis and his proposed solution, a comprehensive plan for a gradual (re)democratization of the economy and a move to fully and firmly embrace, and redefine, the charge of 'Nordic socialism.'

Foreword by Matt Bruenig
Preface

Introduction
. Diagnosis: Capitalism Is Oligarchic and Unsustainable

2. Change: Reformed Capitalism, Revolution or Erosion

3. The Communal Economy: A Part of Our History

4. Nordic Democratic Socialism

5. Ten Reforms Toward a Democratic Nordic Socialism

Conclusion: Questions and Answers for Nordic Socialism
Postscript

Notes
Index