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High Quality Content by WIKIPEDIA articles! Swedish welfare refers to the Swedish variant of the mixed economy welfare state prevalent in much of the industrialized world. Similar systems are found especially in the other Nordic countries. Sweden has been categorized by some observers as a middle way between a capitalist economy and a socialist economy. Supporters of the idea assert that Sweden has found a way of achieving high levels of social equality, without stifling entrepreneurship. The viewpoint has been questioned by supporters of economic liberalization in Sweden and skeptics of socialism as a viable approach to economic management.