“The problem with socialism is that you eventually run out of other people's money.” -- Margaret Thatcher
In scandinavia they are not keeping companies alive that are literally consuming money, such a the British coal mines.
Before she took over Britain had very litte growth and was called the sick man of europe. Inflations was getting out of control and would have ruined Britain.
Certantly not everything she did was good, but Britain despretly need some of those changes.
If you look at indexes of economic freedom the scandinavian countries are actually quite high. Their are many extremly capitalist aspects of their society as well.