Let me, as a northen European debunk that. We are not socialis countries. Heavily taxed welfare states, yes, but very much capitalist states.
We don't even have any minimum wages, and the unions don't want any, because it is to socialist, it means the government sets the price of work, which in turn means that everybody pays that same wage, no competition in the lower wage brackets what so ever and that in the long run means lower wages than a system without minimum wages and good competition over the wage slaves.