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State controlled means of production and capital generation through regulation and violation of property rights.

Also it leads to a lot of people dying.

I do find it funny how people mention Nordic countries yet have never been there or even accept the fact those countries actually refute the socialism tagline. People confuse a countries culture for their government. Very much market based Representative Democracy which works for a country that size. It would not work for a nation like the United States because you'd have to eliminate state rights in order to achieve that system.