All the countries in Scandinavia are capitalistic. There is welfare, yes, but you'll find less government involvement in the economy than in the US (example: the US government rescued GM, the Swedish government told SAAB Automobile to take a hike).
SAAB Automobile (not to be confused with the defense manufacturer) was bought from GM by Victor Mueller's Dutch company. When they ran into trouble and declared bankruptcy the government declined to do anything to save it and sacrificed some thousands of jobs in Trollhättan rather than to prop it up.
