Minna raised a good point in her comment to my last post

She said, "And you can do business and be a socialist at the same time. I'm a small business owner and measure my success by how much taxes I've payed each year!"

My analysis is this: i... let me capitalize that: Individualism is so deeply ingrained in the souls of Scandinavians that they don't even realize they're doing it. If you have a population of people who tend, uniformly, to act responsibly, and don't have crushing restrictions on economic activity but only ones that are in accord with your culture, it doesn't matter whether you call yourselves Individualists or Socialists. It only matters for prosperity that the vast majority of people act responsibly.

That is, as long as your culture doesn't crush economic activity, by either encouraging anti-economic activity or discouraging economic activity.